Use the following information to answer the given question
$\begin{array}{c|c} & N \\ \hline \text{Manufacturing cost of finished goods} & 75,000 \\ \text{Mark-up is 25%} & 5,000 \end{array}$
The net profit for the year is

Similar Questions

A motor vehicle bought for N16,000 was estimated to have a useful life span of 4 years and a scrap o...

BALANCE SHEET AS AT 31st DECEMBER, 2010 \(\begin{array}{c|c} & ₦ & & ₦ \\ \hline \te...

\(\begin{array}{c|c} & ₦ \\ \hline \text{Balance as per cash book} & 18,000\\ \text{Dishon...

Which of the following is not contained in a journal? To record ...

Which of the following cannot depreciate? ...

Kayode, Akpan and Kachalla are in partnership. Their respective capital accounts had the following b...

Goods purchased for N92 was entered in the books as N29. This is an error of ...

Goods worth N800 was stolen. The double entries are debit,   ...

Hussaina Enterprises sent goods worth #800,000 at cost plus mark-up of 20% to its branch What is ...

When shares are oversubscribed and money returned to unsuccessful applicants, the entry to record su...