Computer average stock, Accounting Basics

Assignment Help:
1. The closing stock of Prince Corporation has been reduced by $8,000 from its opening amount of $22,000.

2. No dividend has been paid or proposed by the company.

3. The only capital of the company consists of ordinary shares of $1 each.

4. There are no retained profits at the beginning of the year.

Required:

(a.) Compute the following amounts:

1. Average stock

2. Cost of Goods Sold

3. Gross Profit

4. Sales

5. Net Profit

6. Non Current Assets

7. Debtors

8. Closing Capital Employed

9. Net Assets

10. Working Capital

11. Current Liabilities

12. Opening Capital (Ordinary Share Capital)

Related Discussions:- Computer average stock

Assess the solvency of a business, Identify and explain the two ratios that...

Identify and explain the two ratios that are used to assess the solvency of a business.

Cash expenses, On January 1, 2012, the organizers of the Parsons Corporatio...

On January 1, 2012, the organizers of the Parsons Corporation contained their charter and issued 10,000 shares of $1 par common stock for $4 per share. During 2012, the corporation

What do you mean by equities, Q. What do you mean by Equities? Assets w...

Q. What do you mean by Equities? Assets were described earlier as the things of value owned by the business or the economic resources of the business. Equities are every claims

How can price inflation effect a university negatively, How can price infla...

How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?

Prepaid expenses and deferred charges, Q. Prepaid expenses and deferred cha...

Q. Prepaid expenses and deferred charges? Prepaid expenses, deferred charges -- assets already paid for, which are being used up or willexpire. Insurance paid for in advance is

Balance sheet concepts, THE BALANCE SHEET CONCEPTS According to Howard,...

THE BALANCE SHEET CONCEPTS According to Howard, a Balance Sheet might be definite as - 'a statement which reports the principles owned by the enterprise and the assert of the c

The accounting records of nu-tonics inc., The accounting records of Nu-toni...

The accounting records of Nu-tonics Inc., include the following information for the year ended December 31, 2013:  Materials Inventory as at 1 January 2013 $ 20,000  Materials

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd