更新1:
(a)cost of good sold (b)Gross profit (c)Turnover (d)Total expenses (e)Net profit
Account question??
2008-05-11 12:10 am
On 31 December Year 7, J Green's business has a rate of turnover of 7 times. Average stock is $12,600.Profit margin is 1/3/ of selling prices . Expenses are 2/3/of gross profit
回答 (1)
2008-05-11 5:48 pm
✔ 最佳答案
Stock turnover=Cost of goods sold / average stock7=Cost of Goods sold / 12,600
Cost of Goods Sold=88,200
Cost of Goods Sold+Gross Profit = turnover
88,200+(1/3 * turnover) = turnover
88,200= 2/3 * turnover
turnover=132,300
Gross Profit=1/3 * turnover
Gross Profit=1/3 * 132,300
Gross Profit=44,100
Expenses= Gross Profit * 2/3
Expenses=29,400
Net profit=Gross Profit-Total Expenses
Net Profit=44,100-29,400=14,700
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