Dixies business achieves a gross profit margin of 40 percent and her cost of goods sold in
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Dixie’s business achieves a gross profit margin of 40 percent and her cost of goods sold in 2009 was £480,000. All sales are for cash, and her cash account balance at the start and end of the accounting year were £10,000.and £8,000 respectively. Cash banked during the year amounted to £610,000 and cash expenses paid directly from the cash account were £22,000. Dixie cannot remember the amount of her own cash drawings and asks for your help.
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Related Book For
Financial Accounting A Practical Introduction
ISBN: 9780273714293
1st Edition
Authors: Ilias Basioudis
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