Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 09, 2024

It's a cost accounting question 1 2 Total cost of a product is Rs. 10,000. 20% profit is calculated on the Selling price. How much

It's a cost accounting question

image text in transcribed

Total cost of a product is Rs. 10,000. 20% profit is calculated on the Selling price. How much will be profit? Inventory turnover 3 times, Average stock Rs. 60,000. Closing stock was double the amount of opening stock. How much is purchases

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

Using Financial Accounting

Authors: Carl S. Warren, Jeff Jones, Amanda Farmer

1st Edition

0357507851, 9780357507858

More Books

Students also viewed these Accounting questions

Question

★★★★★

Following is the time series plot for the monthly U.S. Unemployment rate (%) from January 2003 to June 2013. These data have been seasonally adjusted (meaning that the seasonal component has already...

Answered: 1 week ago

Question

★★★★★

Levine Legal Services had the following transactions: 1. Cash is paid for the purchase of $445 of office supplies. 2. Customer is billed $1,500 for services provided that day. 3. Equipment with a...

Answered: 1 week ago

Question

★★★★★

What did Plotinus mean by the soul is not in the world, rather the world is in the soul?

Answered: 1 week ago

Question

★★★★★

The Department of Energy and the U.S. Environmental Protection Agencys 2012 Fuel Economy Guide provides fuel efficiency data for 2012 model year cars and trucks (Department of Energy website, April...

Answered: 1 week ago

Question

★★★★★

There could be more than one correct answer, choose all that apply. Question: One can compare various statistical models used for Big Data analytics by: a . A metric such as precision, model score (...

Answered: 1 week ago

Question

★★★★★

Calculating rate of return: Although appealing to more refined tastes, art as a collectible has not always performed so profitably.During 2003, sothebys sold the Edgar Degas Bronze Sculpture Petite...

Answered: 1 week ago

Question

★★★★★

Which two of the following statements are true about acquisition intelligence during the acquisition life cycle? A. Manages thresholds/objectives requirements to meet or exceed expected threat...

Answered: 1 week ago

Question

★★★★★

During the release of an important product, a vice president for a different product line brought a valid concern to the project team, which had to be completed before the release. The vice president...

Answered: 1 week ago

Question

★★★★★

Lars acquired a new network system on June 5, 2022 (five-year class property), for $55,000. She expects taxable income from the business will always be about $145,000 without regard to the 179...

Answered: 1 week ago

Question

★★★★★

Show all work, equations, and steps Chapter 2 Problem 14 a. For the years 2005 -2009, calculate Boeing's i. Total liabilities-to-equity ratio ii. Times interest earned ratio iii. Times burden covered...

Answered: 1 week ago

Question

★★★★★

You are managing an agile project where all team members work virtually. An important issue just came up, and you want everyone to discuss it. What can you do to get everyone's inputs and gauge their...

Answered: 1 week ago

Question

★★★★★

Id rather just leave, never come back, and not say anything. Its easier that way.

Answered: 1 week ago

Question

★★★★★

I would have had to go up to the third floor to the complaint de - partment. I didnt have time.

Answered: 1 week ago

Question

★★★★★

I had a problem last week; they would think I am picky or a whiner!

Answered: 1 week ago

Previous Question Next Question