What will be the Gross Profit at the end of the year   a. 49000 b. All the options wrong c. 31000 d. 48000 e. 60700

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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What will be the Gross Profit at the end of the year


 

a.

49000

b.

All the options wrong

c.

31000

d.

48000

e.

60700

The following information relates to Suleiman & Sons LLC.
Cash In Hand
16,000
Carriage Inwards 35000
Sales Returns
4,000
Return Outwards 15000
Office Expense18,500
18,100office Equipment Maintenance 4000
Marketing Expense 3500
Advertising Expense 16000
Sales
328,000
Rent Received
Interest Revenue 14,600
Office Rent
14,000
Salesman Salary 3,200
Office Insurance Expense 4,500
Internet Charges
600
Dividend Income 15200
Opening Stock
Purchases
75000
Commission Income 18400
210000
Closing Stock45,000
Direct Wages
15000
Use the above information and answer 29, 30 and 31 MCQS
Transcribed Image Text:The following information relates to Suleiman & Sons LLC. Cash In Hand 16,000 Carriage Inwards 35000 Sales Returns 4,000 Return Outwards 15000 Office Expense18,500 18,100office Equipment Maintenance 4000 Marketing Expense 3500 Advertising Expense 16000 Sales 328,000 Rent Received Interest Revenue 14,600 Office Rent 14,000 Salesman Salary 3,200 Office Insurance Expense 4,500 Internet Charges 600 Dividend Income 15200 Opening Stock Purchases 75000 Commission Income 18400 210000 Closing Stock45,000 Direct Wages 15000 Use the above information and answer 29, 30 and 31 MCQS
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