Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an optician's shop had an inventory of nok 350,000

An optician's shop had an inventory of NOK 350,000 at the turn...

90.2K

Verified Solution

Question

Accounting

An optician's shop had an inventory of NOK 350,000 at the turn of the year. The company purchased goods twice in January: on January 7 for NOK 430,000 and on January 23 for NOK 190,000, both amounts including 25% VAT. When counting the inventory on 31 January, it turns out that the company had goods in stock for NOK 475,000. Ordinary profit before tax costs in January was NOK 20,000.
What would the profit before tax cost have been if the inventory on 31 January had been NOK 225,000 given that the rest of the costs and income had remained unchanged.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Explain why an FMEA online excel template is much easier to find than a Tolerance analysis...

Advance Math
Q

3. Carla (200 lbs) is a 27 year old female that decides to start a fitness...

Medical Sciences
Q

“To ring in the 10th anniversary of the iPhone, Apple on Tuesday is delivering a handful...

Economics
Q

1. How many oxidation steps take place in glycolysis per glucose molecule? How many phosphorylation steps...

Biology
Q

Question 8 Which of the following may NOT be an example of a non uniform...

Biology
Q

ody is allowed to roll down inclined plane Th acceleration of centre of mass of...

Physics
Q

8 2 d x x2 2 AB BC 8 6 4 2 0 CD 2...

Geometry
Q

Evaluate 9 013x for x 4 When x 4 9 013x

Calculus
Q

Compute the directional derivative of the function g x y sin x x 3y at...

Calculus
Q

Express the answer in simplest radical form 3 10 7

Algebra
Q

Beale Management has a noncontributory, defined benefit pension plan. On December 31,2024(the end of Beale's...

Accounting
Q

Failure to meet the 2019 due diligence requirements for EITC, AOTC, HOH, and CTC/ACTC/ODC claimed...

Accounting