closing stock worth is 50000 and grossprofit is 20% how much
profit would be accounted towards the nextyear?

Answer Posted / chandu

next year profit is 10000

Is This Answer Correct ?    12 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Took goods from the shop for use at home? state whether the following transcation is business transcation or non business transaction? with reason?.

1399


company's total overhead expense is containing which are the expenses? Definition of overhead expense.

1525


Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

1352


Expand---------OTMD

2013


What is Accommodation Bill

1878






what are the rules and regulations of junior accountant

1909


Expand---------BPCD

1543


I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????

3770


i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....

1443


what would you contribute for bhels growth

1645


who is the pramotar?

1470


i want the difference p&l a/c and Income and expediture statement

1593


how many types of financial teribuanal? what is that?

1535


We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?

1796


i need sbi bank clerk exam model question papers

1932