Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Beauty Salon had the following information as regards the working capital of the business. $ Networking capital 412500 Chemicals and consumables 82500 Trade creditors 247500
Beauty Salon had the following information as regards the working capital of the business.
| $ | |
| Networking capital | 412500 |
| Chemicals and consumables | 82500 |
| Trade creditors | 247500 |
| Bank overdraft | 55000 |
| Debtors | 275000 |
| Cash on hand | 2750 |
| Rent | 82500 |
| Lights and water | 24750 |
| Wages | 33000 |
| Trading inventory | ? |
Calculate the value of the trading inventory?
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
Auditor Squad
Authors: IndigoPine Designs
1st Edition
B084Q9WM6S, 979-8609911131
