Period I :- Sales= Rs 15000. Profit= Rs 400. Period II :- Sales= Rs 19000. Profit= Rs 1150. Calculate : a) P/V ratio. b) Profit when sales are Rs 12000. Cc) Sales required to earn a profit of Rs 2000. d) Margin of safety in period II. e) variable cost in period I.
Answer Posted / p.venketeswara
(a)P/V ratio=change in profit /change in sales*100. Now the following is the answer:-1150-400/19000-15000=750/4000*100=18.75%.(b) profit when sales are rupees 12000 the answer is (163) it is loss.but before calculating the above answer we should find out the fixed cost amount here fixed cost is 2412.50(approximately) 2413. fixed cost formula is sales *P/V ratio-profit.(c) sales required to earn profit of Rs 2000. sales is Rs 23536.(d) margin of sa fety=total sales-break even sales .so answer is Rs 6130. (e) variable cost for the period 1 is Rs 12187.
Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Wha is difference between expenses and expenditure
Define retail banking?
What is the difference between cfa and csa?
Horizontal balance sheet versus Vertical balance sheet
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
What do you mean by Bill of Exchnage.How to manage ? Explain
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
In accounting, how do you define the premises?
Do you know marginal cost?
how in the big companies the budget are prepared and controlled?
What are the activities that are included in the cash flow statement?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
Tell me what is “deposit in transit”?