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

Question

1 Approved Answer

Shaikha's book shop Ltd sold 3500 units in the last financial year ending 31 December 2019. The selling price was 8 aed per book. All

Shaikha's book shop Ltd sold 3500 units in the last financial year ending 31 December 2019. The selling price was 8 aed per book. All boxes cost the company 3 ead each. Calculate the gross profit.

qra's shop Ltd sold 6000 dresses in the last financial year ending 31 December 2020. The selling price was 550 aed per dress. Cost of goods sold was 120 aed for each dress. Calculate the gross profit

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

Forest Management Auditing

Forest Management Auditing

Authors: Lucio Brotto

1st Edition

0367605872, 978-0367605872

More Books

Students also viewed these Accounting questions

Question

★★★★★
An American business pays $10,000, $15,000, and $20,000 to suppliers in Japan, Switzerland, and Canada, respectively. How much, in local currencies, do the suppliers receive? Selling quotes for...

Answered: 1 week ago

Question

★★★★★
Zelda owns a 60 percent general interest in YZ Partnership. At the beginning of 2018, the adjusted basis in her YZ interest was $95,000. For 2018, YZ generated a $210,000 business loss, earned...

Answered: 1 week ago

Question

★★★★★
Prevention programs seek to improve the early social communication skills of children at-risk for ASD.

Answered: 1 week ago

Question

★★★★★
Roadside Travel Court was organized on July 1, 2021, by Betty Johnson. Betty is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Betty prepared the...

Answered: 1 week ago

Question

★★★★★
The balance sheet listed above has 3 columns. Is my balance sheet suppose to look like that? Grandtown Hospital Balance Sheet December 31, 20X1 Assets Cash Temporary Investments Accrued Interest...

Answered: 1 week ago

Question

★★★★★
5. Which of the following is not a physical property of copper? a. characteristic color b. density c. electrical conductivity d. tarnishing of copper

Answered: 1 week ago

Question

★★★★★
1. What does your company produce? 2. Analyze the trends in sales, cost of goods sold, gross profit, and operating income for your manufacturing company. Prepare a trend analysis for percentage...

Answered: 1 week ago

Question

★★★★★
1. Find and describe a real-world example of a method for enhancing the bond strength between different phases of a composite. Include the materials system, the details of the technique being used...

Answered: 1 week ago

Question

★★★★★
Ria Company manufactures quality wooden furniture sets. A job order from Ebie Randall Company of Ohio, USA, for 5 sets of furniture was received. The cost information related to this order as at year...

Answered: 1 week ago

Question

★★★★★
You own a real estate development/home construction company. Differentiate competitive (business-level) strategies and corporate-level strategies used at your company. In particular, what generic...

Answered: 1 week ago

Question

★★★★★
2, answer asap QUESTION 2 Calculate the productivity of the following operation: A local IT company of 100 employees is trying to understand their productivity in order to re-negotiate their current...

Answered: 1 week ago

Question

★★★★★
B Drinking on the job is frowned on in corporate America. But at workrelated lunches and dinners, businesspeople often run up considerable bar tabs. Why might alcohol be encouraged in one setting but...

Answered: 1 week ago

Question

★★★★★
Do you have any relationships that exist strictly online? Do you consider these relationships different from other ones in your life? Are they more intimate or less?

Answered: 1 week ago

Question

★★★★★
Do you rely on different relational partners for companionship, stimulation, or goal achievement? Do you have some relationships that provide all three functions?

Answered: 1 week ago

Previous Question Next Question