Goods costing rs 10000 was sold at loss rs 2000 make journal entry

Give the full meaning of NERSA as well as the name of current chairperson of the organisation

valentinak56 [21]

Hey there

NERSA is the National Energy Regulator that was established as a juristic person.

Chairperson = Jacob J Modise

7 0

3 years ago

An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result

mixer [17]

Answer:

6,000

Explanation:

The expected value from this investment can be calculated by possible values for random variables by multiplying them by their probability

DATA

Strong = 30,000 , probability = 30%

Moderate = 10,000 , probability = 60%

Weak = -30,000 , probability = 10%

Calculation

Expected profit = Values x Probability

Expected profit = (30,000 x 30%) + (10,000 x 60%) + ( 30,000 x 10%)

Expected profit = 6,000 + 6,000 -6,000

Expected profit = 6,000

7 0

3 years ago

Why might long-term interest rates go down at the same time that the federal reserve pushes short-term rates up?

mart [117]

Because the federal reserve would want to discourage quick investments or want people to save more money right now. Long term rates would go down because these are well thought out infrastructure projects that are good for the long run.

3 0

3 years ago

The partnership of Brandon and Ryan is being liquidated. All gains and losses are shared in a 3:1 ratio, respectively. Before li

ICE Princess25 [194]

The answers are the following:
a.
Brandon:
$7,000 + [($10,000/4)×3¿= $8,500
Ryan:
$7,000 + [($10,000/4)×1¿= $7,500

b.
Brandon $7,000
Ryan $7,000

6 0

4 years ago

Read 2 more answers

On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, a

umka2103 [35]

Answer:

Net Income $66100

Explanation:

Racine Furnishings Company

Multi Step Income Statement

For the Year Ended March 31, 2019

Sales 6,126,850

Cost of Merchandise Sold 3,965,850

Gross Profit 2161000

Less Operating Expenses

Depreciation $747,950

Supplies Expense ( 87000- 20650) 66350

Salaries Expense 7,700

Selling Expenses 717,650

Administrative Expenses 545,700

Operating Income 75,650

Other Expenses

Interest Expense 9,550

Net Income $66100

From the sales cost of merchandise sold is subtracted to get the gross profit. The operating expenses are subtracted from the gross profit to get the operating income. Other expenses such as interest expense is subtracted to get the net income.

7 0

3 years ago

Goods costing rs 10000 was sold at loss rs 2000 make journal entry​

Goods costing rs 10000 was sold at loss rs 2000 make journal entry