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On the 1 June,Hazel Ltd Commenced Business with $10,000 Cash

Question 37

Multiple Choice

On the 1 June,Hazel Ltd commenced business with $10,000 cash and immediately purchased 2000 sprockets for $5 each.On the 30 June it sold all the units for $10.The current cost of the units on 30 June was $5.50.
What would be the profit for Hazel Ltd under the physical capital perspective?


A) $9 000
B) $10
C) $11
D) $12

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