Calculate the profit if stock turnover is five times
A trader carries an average stock of Rs 20,000. His Stock Turnover is 5 times. If he sells goods at a profit of 25% on sales, calculate the profit.
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In this assignment, you will consider many of the legal concepts addressed in this course and apply them to relevant scenarios.
The Florida lottery agrees to pay the winner $276,000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.07?
The Current Assets of a company are Rs 1,26,000 and the Current Ratio is 3:2 and the value of inventories is Rs 2,000. Find out the Liquid Ratio.
The beginning balances in the inventory accounts were: Raw Materials Inventory $6,000 Work in Process Inventory $35,000 Finished Goods Inventory $50,000.
Argentina Corporation had the following stockholders' equity accounts. Common Stock $1,500,000 Paid-in Capital in Excess of Par Value 200,000 Retained Earnings 600,000 During the year, the following transactions occurred.
NuVox Corporation manufactures car stereos. It is a division of Lambda Motors, which manufactures vehicles. NuVox sells car stereos to Lambda, as well as to other vehicle manufacturers and retail stores.
During 2011, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,000 shares of common stock for $100,000. Apr. 14 Sold 6,000 shares of treasury stock-common for $33,000. Sept.
Assuming 360 days in a year, calculate Debtors Turnover Ratio; Average Debtors; Debtors on Jan 01, 2006 and Dec 31, 2006, if the debtors at the end are Rs 20,000 more than those in the beginning.
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