Question

In respect of a factory the following figures have been obtained for the year 2016.
Materials. 12,00,000
Direct Wages. 10,00.000
Factory overhead. 6,00.000
Administration overhead 6,72,000
Selling overheads 4,48,000
Distribution overheads 2,80,000
Profit. 8,40,000
The factory wants to execute a work order in the year 2017, which require 16,000 towards materials and 10,000 towards wages.
Determine the price at which the work order should be accepted so as to earn the same rate
profit on selling price as in 2016.




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Answer 1

Answer:

A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.

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