INDEX Sn.No Topics Page No. 1. C everywhere Page……………………………………………………………………1 2. Contents. ………………………………………………………………….2 3. Computing the Amounts……………..……………………………3 4. Trading, Profit & mischief Account and Balance Sheet….9 5. Comments on the Performance of the railway line…….10 6. Explaining the Limitation of Comparison…………...….12 7. References………………………………………………..……………..13 (A) Compute the following amounts: (I) middling persuade: Average run = hypothesis received + cloture stock / 2 = $22,000 + $14,000 /2 = $36,000/2 = $18,000. Explanation: Here, in the top of the example, we are addicted the opening stock of the company is $22,000. Also saying that the opening stock of the company is reduced $8,000 during the year so finally our closing stock = $22,000 - $8000 =$14,000. (II) Cost of goods sold: FirmStock disorder ratio = Cost of goods sold / Average stock 10 = COGS / $18,000 COGS = $18,000*10 = $1, 80,000. industriousnessStock rompover ratio = Cost of goods sold / Average stock 8 =COGS / $18,000 COGS = $18,000*8 = $1, 44,000.
Explanation: In the table we shed given the stock turnover ratio. For finding of cost of good sold, we mystify required Average stock & stock turn over ratio. Both of we have. We cannot find ratio with tabu the convening of stock turn over ratio. (III) Gross profit: Gross profit = sales cost of goods sold Firm= $2, 40,000 - $1, 80,000 = $60,000. Industry= $1, 87,013 - $1, 44,000 = $43,013. Explanation: In the formula we have required the sales & cost of goods sold. But we have not sales. So first we have to find out the sales. (iv) Sales: FirmAssume sales = $100 COGS Sales slight: gross profit = $2575100 Cost of... If you compliments to get a full essay, order it on our website:
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