Razlan Enterprise has a gross profit of RM66,800. The closing inventory and opening inventory are valued at RM50,0 if total purchases is RM150,600. A. RM223, 400 B. RM211,400 C. RM275,000 D. RM208, 200
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- Razlan Enterprise has a gross profit of RM66,800. The closing inventory and opening inventory are valued at RM50,000 and RM44, 000 respectively. What is the total sales if total purchases is RM150,600. A. RM223, 400 B. RM211,400 C. RM275,000 D. RM208, 200The company made purchases of P60,000 and sales of P85,000 with P10,000 left in inventory. If the company has a beginning inventory of P25,000, how much is the gross profit?If the amount of net sales is RM23,000, net purchase is RM10,000 and the cost of sales is RM2,450, determine the amount of gross profit/loss. A. Gross profit RM20,550 B. Gross loss RM20,550 C. Gross profit RM10,550 D. Gross loss RM10,550
- The following accounts of Rex Company are as follows: Sales P480,000; Cost of goods sold P300,000; Sales discounts P20,000; Sales returns and allowances P15,000; Purchase discounts P5,000; Purchase returns and allowances P7,000; Selling Expenses P40,000; General & Administrative expense P45,000; Interest income P5,000. What is the net sales? P400,000 P445,000 P415,000 P255,000The following accounts of Rex Company are as follows: Sales P480,000; Cost of goods sold P300,000; Sales discounts P20,000; Sales returns and allowances P15,000; Purchase discounts P5,000; Purchase returns and allowances P7,000; Selling Expenses P40,000; General & Administrative expense P45,000; Interest income P5,000. What is the income from operations? P20,000 P55,000 P60,000 P190,000Lj Company's total sales was P125,750. If the gross profit is 57.75% of the sales, how much is the cost of goods sold of the company? A) P54,720.05 B P53,029.73 P54,072.50 P53,129.37
- Corrigan Corporation had beginning inventory of $20,000 and ending inventory of $24,000. Itsnet sales were $164,000 and net purchases were $81,000.10. Corrigan’s gross profit for the period isa. $79,000.b. $83,000.c. $87,000.d. $164,000.Beach Wear has current liabilities of RM350,000, a quick ratio of 1.65, inventory turnover of 4.7, and a current ratio of 2.9. What is the cost of goods sold? Select one: a. RM2,056,250 b. RM1,760,750 c. RM1,950,000 d. RM1,980,500Corrigan Corporation had beginning inventory of $20,000 and ending inventory of $24,000. Itsnet sales were $164,000 and net purchases were $81,000.11. What is Corrigan’s gross profit percentage (rounded to the nearest whole percentage)?a. 53%b. 51%c. 48%d. 47%
- Given Sales P 1,800,000; Purchases P 684,000, Ending Inventory P 168,000, Operating expenses P 504,000, Net Income P 132,000. How much is the cost of sales?The following accounts of Rex Company are as follows: Sales P480,000; Cost of goods sold P300,000; Sales discounts P20,000; Sales returns and allowances P15,000; Purchase discounts P5,000; Purchase returns and allowances P7,000; Selling Expenses P40,000; General & Administrative expense P45,000; Interest income P5,000. What is gross margin? P145,000 P105,000 P140,000 P90,000If the amount of net sales is RM23,000, net purchase is RM10,000 and the cost of sales is RM2,450, determine the amount of gross profit/loss. Gross profit RM20,550 Gross loss RM20,550 O Gross profit RM10,550 Gross loss RM10,550