Homework Help is Here – Start Your Trial Now!
Math
Statistics
1) On 9th May, 2002 a fire occurred in the premises of a trader and partly destroyed the stock. The books of accounts, however, were saved. The stock was insured, the amount of policy being Rs. 40,000. Goods costing Rs. 5,000 were salvaged and those costing Rs. 10,000 were damaged and estimated to realise 20%. In order to make a claim on their fire policy they ask your advice and you are able to obtain the following information. The stock on hand has always been valued at 5% below cost. Details 1999 2000 2001 2002 (up to 9th May) Rs. Rs. Rs. Rs. Opening stock as valued 22,800 30,400 36,100 39,900 Purchases less returns 91,000 1,10,000 1,20,000 41,000 Sales less returns 1,40,000 1,70,000 1,86,000 75,000 Wages 28,400 31,200 34,200 12,000 Prepare a statement for submission to the insurance company in support of the claim for loss of stock.

1) On 9th May, 2002 a fire occurred in the premises of a trader and partly destroyed the stock. The books of accounts, however, were saved. The stock was insured, the amount of policy being Rs. 40,000. Goods costing Rs. 5,000 were salvaged and those costing Rs. 10,000 were damaged and estimated to realise 20%. In order to make a claim on their fire policy they ask your advice and you are able to obtain the following information. The stock on hand has always been valued at 5% below cost. Details 1999 2000 2001 2002 (up to 9th May) Rs. Rs. Rs. Rs. Opening stock as valued 22,800 30,400 36,100 39,900 Purchases less returns 91,000 1,10,000 1,20,000 41,000 Sales less returns 1,40,000 1,70,000 1,86,000 75,000 Wages 28,400 31,200 34,200 12,000 Prepare a statement for submission to the insurance company in support of the claim for loss of stock.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question
1) On 9th May, 2002 a fire occurred in the premises of a trader and partly destroyed the stock. The books of accounts, however, were saved. The stock was insured, the amount of policy being Rs. 40,000. Goods costing Rs. 5,000 were salvaged and those costing Rs. 10,000 were damaged and estimated to realise 20%. In order to make a claim on their fire policy they ask your advice and you are able to obtain the following information. The stock on hand has always been valued at 5% below cost. Details 1999 2000 2001 2002 (up to 9th May) Rs. Rs. Rs. Rs. Opening stock as valued 22,800 30,400 36,100 39,900 Purchases less returns 91,000 1,10,000 1,20,000 41,000 Sales less returns 1,40,000 1,70,000 1,86,000 75,000 Wages 28,400 31,200 34,200 12,000 Prepare a statement for submission to the insurance company in support of the claim for loss of stock.
Transcribed Image Text:1) On 9th May, 2002 a fire occurred in the premises of a trader and partly destroyed the stock. The books of accounts, however, were saved. The stock was insured, the amount of policy being Rs. 40,000. Goods costing Rs. 5,000 were salvaged and those costing Rs. 10,000 were damaged and estimated to realise 20%. In order to make a claim on their fire policy they ask your advice and you are able to obtain the following information. The stock on hand has always been valued at 5% below cost. Details 1999 2000 2001 2002 (up to 9th May) Rs. Rs. Rs. Rs. Opening stock as valued 22,800 30,400 36,100 39,900 Purchases less returns 91,000 1,10,000 1,20,000 41,000 Sales less returns 1,40,000 1,70,000 1,86,000 75,000 Wages 28,400 31,200 34,200 12,000 Prepare a statement for submission to the insurance company in support of the claim for loss of stock.
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS