Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose a company has a sale of rs. 200,000 for th

Suppose a company has a sale of Rs. 200,000 for the year. The cost structure...

90.2K

Verified Solution

Question

Accounting

Suppose a company has a sale of Rs. 200,000 for the year. The cost structure is given as follows: Raw materials is 60% of sales, labour is 15% of sales, overheads is 10% of sales. The profit is 15% sales and total cost is 85% sales. What is the amount of current assets for the year if the holding periods are as follows: Raw material 15 days, work in progress 7 days, finished goods 15 days and debtors 30 days. Assume 365 days in a year.

Group of answer choices

Rs.35679

Rs.25789

Rs.41907

Rs.31137

Rs.40000

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Economics
1.2K views

The determinants of supply (factors that lead the supply curve to shift) are number of sellers,...

Basic Math
1.2K views

group hours 1.00 44.00 1.00 40.00 1.00 44.00 1.00 39.00 1.00 25.00 1.00 37.00 1.00 31.00 1.00 40.00 1.00 22.00 1.00 34.00 1.00 39.00 1.00 20.00 1.00 39.00 1.00 42.00 1.00 41.00 2.00 36.00 2.00 40.00 2.00 37.00 2.00 35.00 2.00 39.00 2.00 40.00 2.00 36.00 2.00 38.00 2.00 24.00 2.00 27.00 2.00 29.00 2.00 24.00 2.00 45.00 2.00 44.00 2.00 44.00 3.00 52.00 3.00 50.00 3.00 51.00 3.00 52.00 3.00 45.00 3.00 49.00 3.00 47.00 3.00 46.00 3.00 47.00 3.00 47.00 3.00 46.00 3.00 45.00 3.00 50.00 3.00 47.00 3.00 49.00 The senior class at a charter school specializing in the physical sciences surveyed students in three...

Basic Math
1.2K views

Find the value of the following:cos(tan- 4/9)

Algebra
1.2K views

10 Represent f x 12 as a power series What is its radius of convergence

Accounting
1.2K views

In the past, Judy Holmess tire dealership sold an average of 1,900 radials each year....

Accounting
1.2K views

COMPARING THE ACCOUNTS OF THE COLA GIANTS How can stakeholders in PepsiCo and Coca-Cola, the...

Accounting
1.2K views

If this matter can be considered as a going concern matter; describe the treatment of...

Accounting
1.2K views

The equity section of Jeans Incorporated is as follows: Required: Calculate the amount of dividends...

Accounting
1.2K views

People's Contrution Company has set a 15% required minimum rate of return m. The company's...

Accounting
1.2K views

Current Atterngt in Prosress Concond Corporation prodioes a proouct that requires 2.60 pounds of materials...

Accounting
1.2K views

Midwest Shipping pays employees at the end of each month. Payroll Information is listed below...

Finance
1.2K views

oldfinger inc. is a company exploiting a gold mine. Its share is currently traded at...