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Please answer the questions 26.9, 26.10 and 26.11 with your detailed explanations, it's much appreciated! 26.9 A sole trader's business made a profit of $32,500
Please answer the questions 26.9, 26.10 and 26.11 with your detailed explanations, it's much appreciated!
26.9 A sole trader's business made a profit of $32,500 during the year ended 31 March 20X8. This figure was after deducting $100 per week wages for himself. In addition, he put his home telephone bill through the business books, amounting to $400 plus sales tax at 17.5%. He is registered for sales tax and therefore has charged only the net amount to his statement of profit or loss and other comprehensive income. His capital at 1 April 207 was $6,500. What was his capital at 31 March 208? $33,730$33,800$38,930$39,000 10 Senji does not keep proper accounting records, and it is necessary to calculate her total purchases for the year ended 31 January 20X3 from the following information: What should be the figure for purchases, in Senji's financial statements for the year ended 31 January 20X3? 11 Aluki fixes prices to make a standard gross profit percentage on sales of 20%. The following information for the year ended 31 January 203 is available to compute her sales total for the year. What is the sales figure for the year ended 31 January 20X3? $669,375 $702,600 $772,375 $741,480Step by Step Solution
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