FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 23 of 27 3.0 Points The following information pertains to Super Kids Tennis Club. R 500 Refreshments: Inventory (31 December 2018)... Purchases.... Sales......... Inventory

image text in transcribed

Question 23 of 27 3.0 Points The following information pertains to Super Kids Tennis Club. R 500 Refreshments: Inventory (31 December 2018)... Purchases.... Sales......... Inventory (31 December 2019)... 5 440 18 000 1 000 The gross profit/loss amount for the small shop for refreshments of Super Kids Tennis Club to be shown in the income and expenditure statement for the year ended 31 December 2019 will be ...? A. Gross profit = R13 510 . B. Gross profit = R18 000 C. Gross profit = R12 060 D. Gross profit = R13 060 . E. Gross profit = R18 500 Reset Selection

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

New Challenges For Future Sustainability And Wellbeing

New Challenges For Future Sustainability And Wellbeing

Authors: Ercan Özen, Simon Grima, Rebecca Dalli Gonzi

1st Edition

1800439695, 9781800439696

More Books

Students also viewed these Accounting questions

Question

★★★★★
Why is it important for stakeholders to understand that the managers of an entity are responsible for preparing accounting information?

Answered: 1 week ago

Question

★★★★★
5-28. Suppose that the random variables X and Y have the following joint probability density function f (x, y) = -2, 0 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
Carloads of customers arrive at a single-server station in accordance with a Poisson process with rate 4 per hour. The service times are exponentially distributed with rate 20 per hour. If each...

Answered: 1 week ago

Question

★★★★★
On December 31, 2008, before the books were closed, the management and accountants of Keltner Inc. made the following determinations about three depreciable assets. 1. Depreciable asset A was...

Answered: 1 week ago

Question

★★★★★
I want the vertical analysis according to net sales and horizontal analysis for 2011 of these financial statements of Nike company. I also need the ratio analysis of working capital, account...

Answered: 1 week ago

Question

★★★★★
Forecasting with the Parsimonious Method and Estimating Share Value Using the ROPI Model Following are income statements and balance sheets for Cisco Systems. Cisco Systems Consolidated Statements of...

Answered: 1 week ago

Question

★★★★★
Consider the following repeated game involving possible collusion between two firms. In each stage game the two firms compete by choosing prices. Consumers view their products as perfect substitutes....

Answered: 1 week ago

Question

★★★★★
Discuss the contributions of Emile Durkheim to sociology, particularly his concepts of social facts and collective conscience.

Answered: 1 week ago

Question

★★★★★
What is the effect of word war second?

Answered: 1 week ago

Question

★★★★★
Required information P2-5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 [The following...

Answered: 1 week ago

Question

★★★★★
Find the accumulation function F. Then evaluate F at each value of the independent variable and graphically show the area given by each value of the independent variable. (If needed use solid lines...

Answered: 1 week ago

Question

★★★★★
To influence the way in which managers make decisions within organisations, which of the following approaches should be adopted?" Performance measurement system. Reward structure. Performance...

Answered: 1 week ago

Question

★★★★★
In Example 4.2 Olaf Motors, Inc., determined that the number of Prius cars sold daily could vary from 0 to 5, with the probabilities given in Table 4.2. Find the expected value and variance for this...

Answered: 1 week ago

Question

★★★★★
4.20 Forest Green Brown, Inc., produces bags of cypress mulch. The weight in pounds per bag varies, as indicated in the accompanying table. Weight in pounds 44 45 46 47 48 49 50 Proportion of bags...

Answered: 1 week ago

Question

★★★★★
A contractor is interested in the total cost of a project on which she intends to bid. She estimates that materials will cost $25,000 and that her labor will be $900 per day. If the project takes X...

Answered: 1 week ago

Previous Question Next Question