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Mark up
Mark up is defined as the rate of gross profit to cost of sales:Mark up = Gross Profit
Cost of salesMargin is defined as the rate of gross profit to sales:Margin = Gross profit Sales
Calculations of markup and margin are necessary to compute the profit loading on:
Examination questions may provide information on either the markup or the margin. If one is provided, it may be necessary to compute the other.Let us assume: X = Gross Profit Y = SalesTherefore: Margin = Gross Profit = X Sales YHowever: Sales – Costs = Gross ProfitOr: Costs = Sales – Gross Profit Which is stated as: Costs = Y – XAnd since: Mark up = Gross Profit CostsThis is stated as: Mark up = X Y – XIn summary, if: Margin = P/QThen the related Markup shall be P/(Q – P) Using similar arguments, it can be established tat if the Markup is give by P/Q,Then the related margin shall be P/(Q+P)
EXPRESS TRUSTS Creation : An express trust is "created not by facts and circumstances, but by the express words of the settlor". (Fitzgerald v Stewart) Completely an
Illustration of Bankruptcy Njuguna Mwandawiro, carrying on a business as a trader in Likoni, Mombasa, finds himself insolvent, and on 15 August 1997 files his petition in bankr
Principles, concepts and CONVETIONS
Let us assume that you deposit Rs.1000 in a bank that pays 10 percent interest compounded yearly for a period of 3 years. The deposit will grow as given details: Fir
Revenue expenditures 1. Are additional costs of plant assets that do not materially increase the asset's life or its productive capabilities 2. Are known as balance sheet expenditu
Steps for preparing Final Accounts The following steps should be followed in preparing the final accounts where we have a foreign branch. 1. Update the trial balance of the br
Q. Show Calculation of project net present value? Sensitivity of NPV to sales volume Sales volume giving zero NPV = ((50000/3·605) + 10000)/1·35 = 17681 units This i
Q. Calculation of the change in finance costs? Past ACCA examiners have occupied inconsistent approaches regarding the calculation of the change in finance costs due to settlem
what managers should know about internal rate of return (IRR) and why?
Can you help me balance my account number out
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