If Net Sales Revenue is $108,000, Gross profits are $28,000 and Operating expenses are $12,000. What is the Cost of Goods Sold and Net Profit or Loss? 1. COGS $38,000 and Profit $98,000 2. COGS $88,000 and Proft $10,000 3. COGS $80,000 and Proft $16,000 4. COGS $98,000 and Loss $38,000 Which step in the accounting cycle occurs prior to the preparation of the financial statements? 1. Record and post adjustments 2. Analyse transactions 3. Analyse the changes in the accounts 4. Close the accounts Bluefield Limited is considering a project that will require an initial investment of $50 000 and is expected to generate future net cash flows of $10 000 annually for years 1 to 3 and $5000 annually for years 4 to 10. The project's payback period is: 1. 4 years 2. 5 years 3. 6 years 4. 7 years
If Net Sales Revenue is $108,000, Gross profits are $28,000 and Operating expenses are $12,000. What is the Cost of Goods Sold and Net Profit or Loss?
1. COGS $38,000 and Profit $98,000
2. COGS $88,000 and Proft $10,000
3. COGS $80,000 and Proft $16,000
4. COGS $98,000 and Loss $38,000
Which step in the accounting cycle occurs prior to the preparation of the financial statements?
1. Record and post adjustments
2. Analyse transactions
3. Analyse the changes in the accounts
4. Close the accounts
Bluefield Limited is considering a project that will require an initial investment of $50 000 and is expected to generate future net
1. 4 years
2. 5 years
3. 6 years
4. 7 years
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
