closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?

0 Answers   CBU,

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40. If revenue was $70,000, expenses were $59,000, and the owner’s withdrawals were $25,000, the amount of net income or net loss was: a) net income of $11,000 b) Net income of $36,000 c) Net loss of $59,000 d) Net income of $70,000

3 Answers   Capmark,

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what is the meaning and abservation of EBITDA

3 Answers  

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EXPAND_________VRD

2 Answers  

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what is debt equity ratio

7 Answers   Banking, ICICI, State Bank Of India SBI,

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Expand ________EDT

2 Answers  

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Under which headings the following transaction appear in bank reconciliation as on 30.06.03 particulars Interest debited by bank Chq issued to suppliers not appearing in bank statement Chq deposited not appearing in bank statement Income not accounted in books appearing in bank statement

1 Answers  

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What do you mean by ratio analysis

1 Answers   TCS, Telco,

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I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?

1 Answers  

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WHY PROFIT & LOSS A/C, WHY NOT PROFIT & LOSS A/C

1 Answers  

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ABC Co. is considering an investment with a cost of $55,000. Annual cash savings of $100,000, Present Value at %12 (ABC's discount rate) of $56,502, are expected for the next 10 years. What can we conclude? 1. ABC Co. should make the investment 2. The investment offers a 12 percent rate of return

1 Answers  

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fill in the Blanks Closing balance of _________will not find place in next year books

2 Answers  

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