Z company incorporated on 1st April 2001, took over a running business from 1st january 2001. From the following information you are required to calculate the sales ratios of pre and post incorporation periods. a) Sales for the month of 2001 to December 2001, 180,000. b) Sales for the month January twice the average sales, For the month of Feb equal to average sales, Sales for four months from May to August 1/4th of the average sale of each month, and sales for October and November three times the average sales.
Z company incorporated on 1st April 2001, took over a running business from 1st january 2001. From the following information you are required to calculate the sales ratios of pre and post incorporation periods. a) Sales for the month of 2001 to December 2001, 180,000. b) Sales for the month January twice the average sales, For the month of Feb equal to average sales, Sales for four months from May to August 1/4th of the average sale of each month, and sales for October and November three times the average sales.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Z company incorporated on 1st April 2001, took over a running business from 1st january 2001.
From the following information you are required to calculate the sales ratios of pre and post incorporation periods.
a) Sales for the month of 2001 to December 2001, 180,000.
b) Sales for the month January twice the average sales,
For the month of Feb equal to average sales,
Sales for four months from May to August 1/4th of the average sale of each month,
and sales for October and November three times the average sales.
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