0
- Billy Ocean is a trader in seafood. The firm uses a margin of 1/6. For the month of May 2017 his opening stock was 70,000, purchases as $250,000, and closing stock was $120,000. What as his sales?
aliyahrhoden22
Nasir Nader
Kamron Roberts
Wiki User
∙ 11y agoClosing stock = Opening stock + Purchases - Sales
Opening Stock = closing stock - Purchases +Sales
Add your answer:
Earn +20 pts
How do you calculate Book value of common stock?
the book value of common stock calculated as the following : book value = assets - liabilities and the result is divided by the number of stocks.
How do you calculate closing number in stock market?
"Closing number?" Closing price is the last price that the stock traded before the closing bell. Closing number could be the amount of shares that traded that day? Not quite clear on the question.
What jobs do percent of change?
A stock broker uses percent of change. Almost any buisness might use it to calculate the money gained over a certain period of time.
How many times do you space after an opening bracket?
There is a space before an opening bracket, but I am reasonably sure there is no space after the opening bracket. Neither is there one before the closing bracket.
Which type of floor opening is described below Floor opening measuring 12 inches or more in its least dimension located in a floor platform pavement or yard To be properly guarded a floor openi?
typical floor opening
How do you calculate a direct cost of sales in a business plan?
Cost of sales = opening stock + purchases-closing stock Cost of sales = opening stock + purchases-closing stock
How do you calculate loading in branch accounts?
Total Sales + Closing Stock - Opening Stock - Goods Sent To Branch
How do you calculate the gross income and cost of goods sold?
Cost of Goods Sold = Opening Stock + Purchasing - Ending Stock
How do you calculate an average stock price?
Your answer depends on the period over which you want to calculate the price. The easiest way is to pick the period, then pick the lowest price and the highest price, and divide the difference by the duration of the period you chose. This method will give you the simplest answer.
How do you calculate opening stock on the basis of period?
for the first month/year, clo bal=purchase +direct expenses-sale, so on each month clo stock = next month/year op stock.
How a stock list can help determine the opening stock and closing stock within a trading period?
definition for the elements of food cost: opening stock
What is the journal entry of the opening stock?
opening stock is the stock at the end of previous year which is being carried forward to next year. so it is treated as opening balance (asset) n the following journal entry will b passed opening stock Dr. to liabilities *if liabilities are not there then capital is to be credited
How to calculate the closing stock of finished goods?
annual cost of sales=1800000 opening stock of finished goods=60000 finished goods storage period:10 days assuming 360 days in a year, the closing stock of finished goods is=??
Does opening stock appear on trial balance?
yes opening stock appear inthe trial balacne trail balance is the blance of all the balance at the given point of time & the value of the opening stock is put in the ledger as a opening balance
What is the meaning of closing stock?
opening stock +purchase-sales =closing stock
Is opening stock an asset or liability?
Opening stock is the asset and shown under balance sheet as current asset, because this opening stock of material will be utilized to prepare units of products for sales in future.
Opening stock minus closing stock?
profit or loss
