O-LevelAccountingAnalysis and interpretation7707/12 · Oct/Nov 2020 · Q271 Mark

A trader made the following forecasts for the business for the next financial year. average inventory $80 000 rate of inventory turnover 6 times mark-up 25% What are the forecast sales for the next financial year?

A$360000

B$480 000

C$576000

D$600000

✓ Correct answer

D: $600000

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Topic: Analysis and interpretation, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2020 Paper 1 Variant 2, question 27.

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