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
The Johnson's can't sue the driver in the Federal Court because the Johnson's live in the same state (since the driver lives near the Johnson's in the same time) and the damages ($5,000.00) are too small.
Henry Ford was the first to make a mass production. He made the Mobile T
Only if the home were built before 1978 buyers are advised to have listed homes tested for radon
<h3>What is
radon?</h3>
Radon is an atomic number 86 chemical element with the symbol Rn. It is a radioactive noble gas that is colorless, odorless, and tasteless.
Radon is a radioactive gas that occurs naturally when radioactive elements such as uranium, thorium, or radium degrade in rocks, soil, and groundwater. Radon exposure occurs mostly from breathing radon in air that enters through cracks and crevices in buildings and residences.
Radon is an odorless, colorless gas. It is radioactive yet chemically inert. Radon decays into polonium and alpha particles, which are radioactive. The radiation emitted by radon made it beneficial in cancer therapy.
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The answer is true. A stock is a broad phrase that refers to any company's ownership certificates. A share, on the other hand, refers to a company's stock certificate.
You become a shareholder if you own a share of a specific corporation. Stocks are classified into two types: common and preferred. When you purchase stock in a corporation, you become a part-ownership of that company. If a corporation has 100,000 shares and you purchase 1,000 of them, you own 1% of the company. Investing in stocks is fundamentally about accumulating and growing wealth. The most basic suggestion for traders on how to invest money in the stock market is 'buy cheap, sell high.'
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