90.2K

Verified Solution

Link Copied!

Galaxy Enterprises Statement of Profesor Leon Barthe year ended 31 December 2020 RM RM RM Salca 630.000 Lem: rum inwards 150,000) Nam Sao 550.000 Lens Cast of Good Sala Opening lovely 25.000 Purchases 295.000 Low: tum Outward (80.000 215.000 Cloning inventory (1,000) (222.000 Grow Profit 350.000 Add: Reve Lene Expenses NET PROFIT 27.000 (16,000) 369.000 Additional information 1. All sales were made on credit 2. The following is the extract of Statement of Financial Parts for Galaxy Entapic 31 December 2120 CURRENT ASSETS Cawak 36.750 Cloning inventory 18.000 Debar 26.000 Prepaid Expenses CURRENT LIABILITIES Credits 31.000 Accruad Rental 6.000 CVE207 Page 36 3. Uw days in a year Required: Calculate the following rates and give commitments for each of the following (smark) (CL.CO-POS.C4 (5 mar (CL02-PLOS-C4) Inventory mera (5 mark) (CLOPLOS-C4) IN Average collectie period Galaxy Enterprises Statement of Profesor Leon Barthe year ended 31 December 2020 RM RM RM Salca 630.000 Lem: rum inwards 150,000) Nam Sao 550.000 Lens Cast of Good Sala Opening lovely 25.000 Purchases 295.000 Low: tum Outward (80.000 215.000 Cloning inventory (1,000) (222.000 Grow Profit 350.000 Add: Reve Lene Expenses NET PROFIT 27.000 (16,000) 369.000 Additional information 1. All sales were made on credit 2. The following is the extract of Statement of Financial Parts for Galaxy Entapic 31 December 2120 CURRENT ASSETS Cawak 36.750 Cloning inventory 18.000 Debar 26.000 Prepaid Expenses CURRENT LIABILITIES Credits 31.000 Accruad Rental 6.000 CVE207 Page 36 3. Uw days in a year Required: Calculate the following rates and give commitments for each of the following (smark) (CL.CO-POS.C4 (5 mar (CL02-PLOS-C4) Inventory mera (5 mark) (CLOPLOS-C4) IN Average collectie period

Answer & Explanation Solved by verified expert

See Answer