Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 26, 2024

AB Ltd . ' s sales revenue for year 1 is $ 7 , 8 8 0 with gross profit percentage of 4 0 %

AB Ltd

.'

s sales revenue for year

1

is $

7, 880

with gross profit percentage of

40 % .

Also during the year AB Ltd

.

s Inventory increased by $

2, 590 .

Required: AB

s net purchases for the period must have been: $

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

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions

Question

★★★★★

Describe an investor's treatment of an investee's prior-period dividends and earnings when the investor acquires significant influence through a purchase of additional stock. Discuss.

Answered: 1 week ago

Question

★★★★★

Find the critical point for the function Y = X3 20. Is this a maximum, minimum, or point of inflection?

Answered: 1 week ago

Question

★★★★★

Construct a pro forma for the following firm: A 3-year project costs $150 in year 1 (not year 0) and produces $70 in year 1, $60 in year 2, and $55 in year 3. (All numbers are year-end.)...

Answered: 1 week ago

Question

★★★★★

Consider the following function: Y = -0.865 + 8.454X - 1.696X2 + 0.132X3 - 0.00331X4 a. Plot this function on an X-Y graph for positive values of X from 1 to 20. b. How many local maximum solutions...

Answered: 1 week ago

Question

★★★★★

AB Ltd . ' s sales revenue for year 1 is $ 7 , 8 8 0 with gross profit percentage of 4 0 % . Also during the year AB Ltd . s Inventory increased by $ 2 , 5 9 0 . Required: AB s net purchases for the...

Answered: 1 week ago

Question

★★★★★

Question 1 ( 1 5 Marks ) Sanchia Jacobs is looking to sell her house in Hillcrest for R 2 million. She appoints an estate agent, Bernie Brown of Brown's Real Estate to sell the house on her behalf....

Answered: 1 week ago

Question

★★★★★

Question 1 (4.0 mark) (L.O.2) A homogeneous first order gas phase reaction takes place in a mixed flow reactor: A 2S, The feed contains 20% inerts by volume to obtain 60% conversion of A. a. If the...

Answered: 1 week ago

Question

★★★★★

Problem 2 Use the worksheets Disks and Advertising Model for this problem. Disks, Inc. sells several types of professional Frisbee disks. Mike Smith, the general manager of the company has created an...

Answered: 1 week ago

Question

★★★★★

Peace Company issued common shares with a par value of $51,000 and a market value of $156,000 in exchange for 30 percent ownership of Symbol Corporation on January 1, 20X2. Symbol reported the...

Answered: 1 week ago

Question

★★★★★

Larman's Netballs is a manufacturer of high-quality basketballs and volleyballs. Setup costs are driven by the number of setups. Equipment and maintenance costs increase with the number of...

Answered: 1 week ago

Question

★★★★★

A motorist is using the AHP to choose a new car from three possible models: An arrow, a Bestmobile and a commuter. The choice will be based on just two attributes, cost and style. The motorist...

Answered: 1 week ago

Previous Question Next Question