A business starts trading on 1 September 20x0. During the year, it has sales of $500,000, purchases of $250,000 and closing inventory of $75,000. What is the gross profit for the year？

A、stimulate

B、squander

C、surprise

D、sustain

Parket Co acquired 60% of Suket Co on 1 January 20X7. The following extract has been taken from the individual statements of profit or loss for the year ended 31 March 20X7: Parket Co Suket Co $'000 $'000 Cost of sales 710 480 Parket Co consistently made sales of $20,000 per month to Suket Co throughout the year. At the year end, Suket Co held $20,000 of this in inventory. Parket Co made a mark-up on cost of 25% on all sales to Suket Co. Using the drop down box select the correct figure for Parket Co's consolidated cost of sales for the year ended 31 March 20X7?

A、$954,000

B、$950,000

C、$774,000

D、$766,000

At 30 September 20X2 the trial balance of Cavern includes the following balances:

Cavern has accounted for a fully-subscribed rights issue of equity shares made on 1 April 20X2 of one new share for every four in issue at 42 cents each. This was the only share issue made during the year.

What were the balances on the share capital and share premium accounts at 30 September 20X1().

On 1 October 20X5, Anita Co purchased 75,000 of Binita Co’s 100,000 equity shares when Binita Co’s retained earnings amounted to $90,000.

On 30 September 20X7, extracts from the statements of financial position of the two companies were:

What is the total equity which should appear in Anita Co’s consolidated statement of financial position as at 30 September 20X7?

A.$125,000

B.$470,000

C.$345,000

D.$537,500

As at 30 September 20X3 Dune Co's property in its statement of financial position was: Property at cost (useful life 15 years) $45 million Accumulated depreciation $6 million On 1 April 20X4 Dune Co decided to sell the property. The property is being marketed by a property agent at a price of $42 million, which was considered a reasonably achievable price at that date. The expected costs to sell have been agreed at $1 million. Recent market transactions suggest that actual selling prices achieved for this type of property in the current market conditions are 10% less than the price at which they are marketed. At 30 September 20X4 the property has not been sold. At what amount should the property be reported in Dune Co's statement of financial position as at 30 September 20X4?

A、$36 million

B、$37.5 million

C、$36.8 million

D、$42 million

1 Customers are not revolutionaries. They are attracted to be the certainty of knowing that 2 what they buy it will be good value for money or will perform a particular task effectively. 3 They are cautious but their loyalty , without once achieved , is the key to business success. 4 Brands can help to create customer loyalty by providing us a signpost to certainty and 5 safety . Ideally , when a customer sees off a product , it leads to a range of positive thoughts 6 so that the product is being bought . Unfortunately , only a small number of products have 7 reached to this level . While everyone in business is aware of the need to attract and 8 retain customers , that they often overlook the second , more important , half of the 9 equation . In the excitement of beating against the competition and securing orders, 10 managers often fail to ensure that the customer remains a customer . It has been 11 estimated that since the average company loses between 10 to 30% of its customers 12 every year and this only recently have organizations started to wake up to these lost 13 opportunities and to calculate the financial implications .