Question
ilands plc applies a mark-up of 30%. At the start and end of the year, stock was valued at 45,000 and 52,000 respectively. During the
ilands plc applies a mark-up of 30%. At the start and end of the year, stock was valued at 45,000 and 52,000 respectively. During the year cash purchases were 25,000 and credit purchases of 90,000. What was the value of sales for the year?
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R. Cornwall, David O. Vang, Jean M. Hartman
4th Edition
0765646854, 978-0765646859
