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Disputed MCQs ... can anyone solve this?

 
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Disputed MCQs ... can anyone solve this?
faisal_ali
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#1
10-14-2009, 07:40 AM
1. The following information provided by a company.

Sales for the year $500,000
Puchases at cost $450,000
Closing stock, at selling price $50,000

there was no opening stock.

What was the gross profit for the year?

A $80,000
B $90,000
C $90,909
D $110,000


2. A company has creditors of $80,000 and the payment period is 30 days.
The company's budget for the comming year provides for an increase in creditors of 50% and the payment period taken will increase to 60 days. What will be the budgeted creditors' total at the end of next year?


A $120,000
B $160,000
C $240,000
D $320,000
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Messages In This Thread
Disputed MCQs ... can anyone solve this? - by faisal_ali - 10-14-2009, 07:40 AM
[No subject] - by ausmanpk2001 - 10-14-2009, 04:17 PM
[No subject] - by ausmanpk2001 - 10-14-2009, 04:26 PM
[No subject] - by faisal_desperado - 10-14-2009, 04:45 PM
[No subject] - by faisal_desperado - 10-14-2009, 04:54 PM
[No subject] - by faizicapri - 10-14-2009, 07:55 PM
[No subject] - by faisal_desperado - 10-14-2009, 08:05 PM
[No subject] - by faisal_ali - 10-15-2009, 06:48 AM
[No subject] - by faizicapri - 10-15-2009, 06:56 PM
[No subject] - by ausmanpk2001 - 10-16-2009, 03:28 AM

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