intermediate Accounting

Question 42 Not yet an Morted out XYZ Company reported in 2020 net purchases of OMR 25,000 and freight in of OMR 1000 and freight out of OMR 1500. Beginning inventory is OMR 10,000 and the ending inventory is OMR 15.000 Gross Profitrate is 20%. How much is the total sales? rag Question ca 40.000 OL. 20,000 OG. None of those od 30.000 Question 43 Noyot on word Norted out of in 2020.XYZ Company reported gross profit of OMR 30,000 and cost of sales rate of 60% One fifth of the total sales is cash sales and the balance on credit. XYZ estimated that 10% of credit scles will not be collectible, Accounts receivable balance at year end amounted to OMR 8.000. How much is the allowance for doublul occounts to be reported on December 31, 2020 og Question OG OMR3,000 None of those OG OMR 2,000 Od OMR6,000