Use the following information to answer this question...
Use the following information to answer this question
The following are the final accounts of a trading organisation Wazobi ventures, for the year ended 30th June, 19x8
| ₦ | ₦ | |
| Sales less: cost of goods sold |
233,000 170,000 |
|
| 63,000 | ||
| less: Overhead Expenses Admin expenses Selling expenses Other overhead expenses |
16,800 15,000 6,200 |
|
| Net profit | 25,000 |
Calculate the net profit on percentage of expenses.
60%
25%
13%
65.7%
Correct answer is D
Net profit on % of expenses =
Net profit x 100
Expenses
= 2500038000 x 100
= 65.7%
Yola Social Club Statement of Account 1998 financial year 31/12/98: Subscription in arrears...
Use the following information to answer the given question RECEIPTS AND PAYMENTS ACCOUNT: ...
The documents that provide instant information to firms on their tranactions with banks are ...
₦ Debtors opening 4000 Debt...
Mini Enterprises Sales Ledger as at 31/12/94 read: N Balance b/f 12750 Total credit sales 2...
Which of the following is an example of production overhead? ...
An example of input devices of a computer is ...