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The following table shows some selected financial information of ABC Company. Gross sales.............. OMR 115000, Sales returns and discounts...... OMR 5000. Opening Inventory.....OMR 15000 Net

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed The following table shows some selected financial information of ABC Company. Gross sales.............. OMR 115000, Sales returns and discounts...... OMR 5000. Opening Inventory.....OMR 15000 Net Purchases.... OMR 105000 Closing Inventory... OMR 25000 Opening balance of Receivables...OMR 10000 Closing balance of Receivables....OMR 17500 Cash...................OMR 40000 According to the given information, which of the following shows the correct Receivables turnover? Select one: a. 12 O b. 6.9 c. 8 Od. 11 Estimated sales of a product is 25000 units. Two kinds of raw materials A and B are required for manufacturing the product. Each unit of the product requires 2 units of A and 1 unit of B. The estimated cost of A and B OMR 2 and OMR 3 respectively. The estimated opening balances at the beginning of the next year: finished goods: 4000 units; A: 3000 units; B: 5000 units. The desirable closing balances at the end of the next year: finished goods: 6000 units; A: 5000 units; B: 8000 units. Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. None of the Option b. A = 56000 and B = 35000 c. A= 112000 and B= 90000 Od. A = 104000 and B = 72000 Table shows information related to cost incurred to produce 500 units. (All values in OMR) Total Amount in OMR Direct Materials 6000 Insurance of factory 1000 building Salary of production 1500 manager Direct Labor 9000 Power 2500 Royalties 500 Rent of factory building 4000 Normal Spoilage 250 On the basis of above information, what will be the estimated cost to produce 2000 units? Select one: a. OMR 79500 b. None of the option c. OMR 99000 Od. OMR 90500 The following table shows some selected financial information of ABC Company. Gross Sales 64000 Machinery 25000 Cost of goods sold 30000 General Expenses 6000 Sales Returns 4000 Administrative Expenses 5000 Cash 8000 Sales Expenses 4000 Current Liabilities 13000 According to the given information, which of the following shows the Operating Margin correctly? Select one: O a. 0.4 b. 0.5 c. 0.2 O d. 0.25

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