Maurice Tutor

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Category > Management Posted 10 Oct 2017 My Price 4.00

average inventory

Jack's mark-up is 40% on 'cost of goods sold'. His average inventory during the year was £17,000. Draw up a statement of profit or loss for the year ending 31 March 2018.

(a) Calculate the closing inventory as at 31 March 2018.

(b) State the total amount of profit and loss expenditure Jack must not exceed if he is to maintain a net profit on sales of 8%.

 

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Maurice Tutor
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Status NEW Posted 10 Oct 2017 01:10 PM My Price 4.00

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