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On the basis of the information given calculate profit or loss:

On the basis of the information given calculate profit or loss: - Generic costs10 zł - Revenue from sale of goods230 zł - Opening balance of finished goods150 zł - The final balance of finished goods250 zł - Opening balance of active RMK10 zł - The balance of the RMK active50 zł a)130 zł b)80 zł c)180 zł d)280 zł e) none of the answers

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Question ajoutée par Tomasz Modrzejewski , Programmer , Company Skraw-Mech
Date de publication: 2014/08/04
FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

b)80 zł 

total  cost =( The final balance of finished good- Opening balance of finished goods )+(The balance of the RMK active- Opening balance of active RMK) + Generic costs

                 = (250-150)+(50-10)+10=150 zt

Net profit = Revenue from sale of goods - Total cost  of  sold goods  

                =230 -150 =80 zt

 

                

 

 

Mian Muhammad Naeem Jan
par Mian Muhammad Naeem Jan , Chief Finance Officer , Management Company

Agree with FETAH MOHAMED  

irfan khalid
par irfan khalid , Senior Sales Executive , Ghantoot Group ( Bin Mehran Ready Mix Concrete)

b

Malik Amin Muhammad Khan
par Malik Amin Muhammad Khan , Director Finance and Money Market Dealer , Pakistan Currency Exchange Pvt Lt; Franchise Dollar Shop

Option B

haytham atwa
par haytham atwa , BUSINESS DEVELOPMENT MANAGER , Bin Mohamed Al Maadeed. (Group Companies)

Ayman Esa Mustafa Farrag
par Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

C is the rithe answer 

cost50

frist balance150

Cost200

final balance of goods250

cost of goods solde-50

profit=230-(-50)=280

Must determine the quantity sold in order to analyze inventory

Anayatullah Tahir
par Anayatullah Tahir , Finance Manager , Etqan Projects

Answer is B

hossam azzam
par hossam azzam , Fast food restaurant,s manager. , alexandria-egypt

In my point of view i do agree with the answer given by Mr.:Fetah mohammed 

 

 

Haseeb Khalid
par Haseeb Khalid , Sales and Promotion Manager. , Medi Urge

B lookis right if we deduct total cost from revenue. 

Amaresh Singh
par Amaresh Singh , Asst. Manager - Accounts , Shreyas Relay Systems Ltd

profit =80

Jerry Easow Thomas
par Jerry Easow Thomas , General Accountant , Masar Medical

b)80 zł (Profit)

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