Wellie Bell is a magician. She has conjured up the following results from her non-existent accounting records.
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Wellie Bell is a magician. She has conjured up the following results from her non-existent accounting records. Fees are equal to five times her direct costs.
At any given time her inventory equals one week's direct costs. She defines a month as four weeks. Her inventory at both 31 May and 30 June was valued at £1,000.
Required:
Calculate her fees and profit for the month of June.
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Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9781292084664
13th Edition
Authors: Alan Sangster, Frank Wood
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