Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3-John has a small grocer. John, a second-rate trader, keeps books on the basis of his Business Account. 1.000kg of rice is available in early
3-John has a small grocer. John, a second-rate trader, keeps books on the basis of his Business Account. 1.000kg of rice is available in early 2019. (Purchase price; 6$ / kg November 2018), Transactions in 2019; Buying: 2,000 packs of butter, 10-$/ pack. 300 $ electricity bill was paid each month. Buying: 3.000 pieces of ice cream, 4$ / piece Sales: 2.000 packets of butter, 13$/ pack Purchase: 2.000 packets of detergent, 30-TL / packet Sales: 800kg rice, 8-TL / kg Sales: 3.000 pieces of ice cream, 6-TL / piece The apprentice working in the grocery store gets a monthly salary of 1.200 $. Sales: 1,700 packages of detergent, 40$ / package Buying: 4.000kg sugar, 4$ / kg Monthly rent payment 1.000$ Buying: 2.000 pieces of chocolate, 3$/ piece Sales: 4.000kg sugar, 5-$ / kg Buying: 4.000 bottles of soda, 2$ / bottle Sales: 2.000 pieces of chocolate, 4$ / piece When it started operating in 2009, 10.000$ was paid for the shelves. Shelf life is 7 years. Sales: 3,500 bottles of soda, 3$ / bottle Tip: Do not forget to calculate those that are not sold at the end of 2019. Calculate the profit for 2019 on the basis of the Business Account
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started