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15 баллов
FA Section B · 15 баллов · рекомендуется: 18 мин
Incomplete records and lost inventory (Wren's shop)
Задания на английском — языке экзамена. Компании и цифры вымышлены для тренировки.
Wren runs a shop and does not keep full records. A fire destroyed part of the inventory at the year end. The following information is available.
| Item | $ |
|---|---|
| Trade receivables at the start of the year | 18,000 |
| Trade receivables at the end of the year | 22,000 |
| Cash received from credit customers | 145,000 |
| Irrecoverable debts written off | 2,000 |
| Cash sales | 35,000 |
| Inventory at the start of the year | 20,000 |
| Purchases | 150,000 |
| Inventory counted after the fire | 16,000 |
Wren sells all goods at a mark-up of 25% on cost. There were no discounts.
- (a) What were credit sales for the year ($)?3 баллов
- (b) What were total sales ($)?2 баллов
- (c) What is cost of sales ($)?3 баллов
- (d) What closing inventory should Wren have held ($)?3 баллов
- (e) What is the cost of inventory lost in the fire ($)?2 баллов
- (f) A mark-up of 25% on cost is equivalent to a gross profit margin of:2 баллов