Computer average stock, Accounting Basics

Assignment Help:
1. The closing stock of Prince Corporation has been reduced by $8,000 from its opening amount of $22,000.

2. No dividend has been paid or proposed by the company.

3. The only capital of the company consists of ordinary shares of $1 each.

4. There are no retained profits at the beginning of the year.

Required:

(a.) Compute the following amounts:

1. Average stock

2. Cost of Goods Sold

3. Gross Profit

4. Sales

5. Net Profit

6. Non Current Assets

7. Debtors

8. Closing Capital Employed

9. Net Assets

10. Working Capital

11. Current Liabilities

12. Opening Capital (Ordinary Share Capital)

Related Discussions:- Computer average stock

Angel, Angel Individual investors which are often called angels, make ...

Angel Individual investors which are often called angels, make capital investments in entrepreneurial ventures in return for equity (partial ownership) in the industry. These

How can price inflation effect a university negatively, How can price infla...

How can price inflation effect a university negatively in the future? Like, what are a few things in the university that will be impacted?

Acct, Gwinnett Park Co. reported net income of $506,600 for its fiscal year...

Gwinnett Park Co. reported net income of $506,600 for its fiscal year ended September 30, 2014 . At the beginning of that year, 150,000 shares of common stock were outstanding. On

Operational research, the scope of operation research in modern management

the scope of operation research in modern management

Word problem, a 50 petty cash fund has cash of 20 and valid receipts for 40...

a 50 petty cash fund has cash of 20 and valid receipts for 40. The entry to replenish the fund would include a

Contributed capital, what is the contributed capital and how do you figure ...

what is the contributed capital and how do you figure it out?

Case Study Labor standards, Case Study Labor standards Geet...

Case Study Labor standards Geeta & Company has experienced increased production costs. The primary area of concern identified by management is direct labor. The compa

Explain about closing process, Q. Explain about closing process? Expens...

Q. Explain about closing process? Expense, revenue and dividends accounts are nominal (temporary) accounts that are merely sub classifications of a real (permanent) account Ret

Discretionary costs?, When buying an owner operated business from a franchi...

When buying an owner operated business from a franchised organization is the previous store manager''s salary discretionary?? can they count that as net income to the new owner op

Discount period for purchase, Verify the amount to be paid within the disco...

Verify the amount to be paid within the discount period for purchase with an invoice price of $7,745, subject to credit terms of 2/10, n/30.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd