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Question - Gross Profit Calculation - At the beginning of the financial year, a business has Rs.1,500/- of inventory left over from the preceding accounting period. During the year they purchase additional goods costing Rs.21,000/- and makes sales totaling to Rs.25,000/-. At the end of the year, there are Rs.3,000/- of goods left that had not been sold. What is the gross profit for the year?
Polina will discharge a debt of R200 000 six years from now while using the sinking fund method. The debt's interest is 15,6% per year, paid quarterly.
during the year chester had the following transactions involving capital assets gain on the sale of an arrowhead
Compute the present values of the $51,970 receivable at the end of each period for 7 periods periodic amounts due at the end of the designated periods.
An employee in Manitoba earns $750.00 per week and has a weekly non-cash taxable benefit of $10.00, Calculate the employee gross pensionable or taxable income
Expenditures include the machine ($100,000), freight ($2,500), sales tax ($4,500) and installation ($3,300). Record the journal entry to book the acquisition
The following data are available for KTH1 Co.: During the month, raw materials costing 30,000 were issued to production. (10,000 pertains to indirect materials.
Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30, to record the payroll
What is the EBIT/TA rate when the firm's have equal EPS? What is the cost of debt? State the relationship between earnings per share and the level of EBIT
Prepare the necessary journal entry to show how Skysong would account for the maintenance costs of the fire lanes and roads and the spraying of the timberland
On January 1, Year 1, Congo.com issued $1,000,000, 9% 10-year bonds (interest paid annually) to yield 8%, Determine the selling price of the bond
You expect the apartment to provide annual after-tax cash benefits of US$6,000 at the end of each year. You intend to sell the apartment at the end of the fifth
Southwest recorded a $2,293,984 lease liability.
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