Answer:
Closing Stock = <u>38000 </u>
Explanation:
Net Sales = COGS + Gross Profit
- <u>Net sales</u> = sales - sales return = 185000 - 6000 = 179000
- <u>Gross Profit</u> = 60% of sales (as per gross profit ratio)
= 60% of 179000 = 107400
- <u>COGS </u>= Opening Stock + Net Purchase + direct expenses - Closing Stock
* <u>Net purchase</u> = Purchase - purchase return = 111000 - 4500 = 106500
*<u>Direct Expense</u> = Freight Inwards = 3100
Putting all values in formula :- Net Sales = COGS + Gross Profit
179000 = (0 + 106500 + 3100 - closing stock) + 107400
179000 = 106500 + 3100 + 107400 - closing stock
179000 = 217000 - closing stock
closing stock = 217000 - 179000
closing stock = 38000
Answer:
Quality assessment
Explanation:
Quality assessment is a set of processes that is used to ensure progressive improvement in health care delivery by evaluating structure, process, and outcome in a health care organisation.
Quality standards are set for different criteria and the quality assurance officer follows certain steps to ascertain if minimum standard is being met.
If however the quality standard is below expectations, Tha cause is determined with a view of making improvement.
Answer: the correct answer is a. working capital 225000.00 before issuing the note and 185000.00 after issuing the note. b current ratio 1.82 before the note and 1.59 after the note.
Explanation: Working capital = Current assets - Current liabilities
500000.00 - 275000.00 = 225000.00 before issuing a short term note
the short term note is a current liability.
500000.00 - 315000.00 = 185000.00 after issuing a short term note
Using the Balance Sheet, the current ratio is calculated by dividing current assets by current liabilities: For example, if a company's current assets are $ 5,000 and its current liabilities are $ 2,000, then its current ratio is 2.5.
500000.00 / 275000.00 = 1.82 before issuing the note
500000 / (275000 plus 40000) =
500000 / 315000 = 1.59 after issuing the note.
Answer: Confirmation bias.
Explanation:
The political opponents of the Prime Minister of Transylvania have a confirmation bias towards him, where they believe he is a vampire based on some evidences they posses. A confirmation bias is a form of interpretation of events based on ideas an individual has beforehand about those events, even when the ideas are not completely correct.
An internal revenue code provision that specifically provides for an individual retirement plan for public school teachers is the Keogh Plan.
Revenue is the gross income earned from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.
The basic definition of revenue is the total amount of money earned from a company's business measured over a period of time. A company's turnover is its gross income before deducting expenses. Profit and gross revenue define sales. This is the monetary profit from the sale and/or services rendered.
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