The following information relates to the business of A. Kwava (Pvt) Ltd on 1 July 2004:$Sales 200 000Gross profit 50 000Fixed assets 500 000Current assets 90 000Current liabilities 36 000Opening stock 14 000Stock turnover is 6 times.You are required to calculate, showing all your workings.a. Cost of goods soldb. Mark-upc. Margind. Closing stocke. Working capital ratiof. Quick ratio

The following information and figures are related to the business of KSK Enterprise. RM Opening stock of raw materials 2500 Purchases of raw materials 61000 Closing stock of raw materials 3500 Factory wages 38000 Insurance of factory building 800 Depreciation of manufacturing equipment 2500 Electricity of factory 900 Rent of factory 1000 Required: Compute the following: a. Cost of raw materials used during the year

During the month ended 31 October 2019, your business made a gross profit of Sh 60,000 which represented a mark-up of 50 per cent. Opening stock was Sh 12,000 and closing stock was Sh 18,000. Determine the value of: (Write your answers with commas e.g. 10,000 not 10000) Cost of goods sold = Sh Cost of goods available for sales = Sh Value of goods purchased = Sh Total sales = Sh

Read the following case study and answerquestions:FORTUNELtd. is a company engaged in textile business having a share capital of Rs.2,00,000. Rema, the accountant of the firm is analysing its financial figuresand intends to prepare its statement of profit and loss for 2021. The sales ofthe company during this period were 7,00,000 and sales return were 40,000. Itspurchases were 4,95,000, wages amounted to 1,00,000, salaries amounted to15,000, rent amounted to 9,900, sundry expenses were worth 14,100 and alsothere was a discount (Cr.) worth 10,000. 5. What is the amount that will be shown in revenue from operations in the statement of profit and loss?1 point7,00,0007,40,0006,60,00028,10,0006. What is the amount that will be shown in other income in the statement of profit and loss?1 point5,00010,00020,000None of these7. What is the amount that will be shown in employee benefit expenses in the statement of profit and loss? 1 point71,00,00015.0001,07,5001,15,0008.What is the amount that will be shown in other expenses in the statement of profit and loss?1 point24,00014,1009,900None of these

Purchases Rs. 7,20,000; Office expenses Rs. 30,000; Selling expenses Rs. 90,000; Opening inventory Rs. 1,40,000; Closing inventory Rs. 80,000; Revenue from operations Rs. 12,00,000. Calculate Operating Ratio

Fixed cost Rs. 2,00,000; Sales Rs. 8,00,000; P/V Ratio 30%; the amount of' profit is .a.Rs. 35,000 .b.Rs. 40,000 .c.Rs. 45,000 .d.Rs. 50,000.