Multiple Choice
At the end of the year,Terraplane company has inventory in hand at a selling price of £20,600.What was the cost of inventory assuming inventory is sold at a margin of 60%?
A) £12,875
B) £8,000
C) £8,240
D) £12,360
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Not every debit has a credit
Q3: It is essential that every business keeps
Q4: The assets and liabilities of Angus
Q5: Bloom has sales of £12,000.The gross profit
Q6: Robert's bank statements show he had an
Q7: At the end of the year,NewBiscuit company
Q8: At the beginning of the financial year,trade
Q9: The assets and liabilities of Bon
Q10: Tom's bank statements show he had an
Q11: Debits are increases to liabilities and revenues