On 1 January 2021, HK Trading commenced a retail business, which buys and sells fuel. He started the business by purchasing 7806 liters of fuel. The fuel was purchased at a cost of $2.6 per litre. During the year, all the fuel was sold for $5.1 per litre. By the end of the year, the cost of the fuel was $4 per litre.

Required

What is the sales revenue made by HK Trading?

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On 1 January 2021, HK Trading commenced a retail business, which buys and sells fuel. He started the business by purchasing 7806 liters of fuel. The fuel was purchased at a cost of $2.6 per litre. During the year, all the fuel was sold for $5.1 per litre. By the end of the year, the cost of the fuel was $4 per litre.

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What is the current cost of goods sold?

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On 1 January 2021, HK Trading commenced a retail business, which buys and sells fuel. He started the business by purchasing 7806 liters of fuel. The fuel was purchased at a cost of $2.6 per litre. During the year, all the fuel was sold for $5.1 per litre. By the end of the year, the cost of the fuel was $4 per litre.

Required

What is the operating profit made during the period?

a.

24198.60

b.

8586.60

c.

33565.80

d.

14831.40

e.

11709.00

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On 1 January 2021, HK Trading commenced a retail business, which buys and sells fuel. He started the business by purchasing 7806 liters of fuel. The fuel was purchased at a cost of $2.6 per litre. During the year, all the fuel was sold for $5.1 per litre. By the end of the year, the cost of the fuel was $4 per litre.

Required

What is the realized holding gain for HK Trading?

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On 1 January 2021, HK Trading commenced a retail business, which buys and sells fuel. He started the business by purchasing 7806 liters of fuel. The fuel was purchased at a cost of $2.6 per litre. During the year, all the fuel was sold for $5.1 per litre. By the end of the year, the cost of the fuel was $4 per litre.

Required

What is the profit distributed to shareholders under financial capital?

a.

33721.92

b.

35751.48

c.

29662.80

d.

23574.12

e.

19515.00