Earning before tax = 30% from Net sales, company is relying on equity which is...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Earning before tax = 30% from Net sales, company is relying on equity which is means interest =0 . inventory = 4000000 net sales= 48000000. operating expense =5% of gross purchase , Gross purchase = 95%
Q: find out the Net Purchase
note . formulas for NP
1.net Purchase = Cost of goods sold +Ending inventory _ beginning inventory OR 2. net purchase = gross profit _ purchase retain
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.