(g) A person has an annual salary of $ L \$ L $ L and then receives a raise of p % p \% p % followed by a further increase of q % q \% q %.A cornerstone of modern western philosophy, addressing the role of man in government, society and religion Find an expression for the total cost per unit (total average cost) incurred by the company if it produces x x x units in one year. (f) A company has fixed costs of F F F dollars per year and variable costs of c c c dollars per unit produced. How much must a customer pay to drive x x x kilometres in 1 day? (e) A rental car costs F F F dollars per day in fixed charges and b b b dollars per kilometre. (d) A person buys x 1, x 2 x_1, x_2 x 1 , x 2 , and x 3 x_3 x 3 units of three goods whose prices per unit are respectively p 1 p_1 p 1 , p 2 p_2 p 2 , and p 3 p_3 p 3 . (c) If the price of an item is a a a including 20 % 20 \% 20% VAT (value added tax), what is the price before VAT? (b) What is the quotient between x x x and the sum of y y y and 100 ? (a) What is three times the difference between 50 and x x x ? Show totals for gross profit, income before tax, and net income. Prepare the store’s income statement for the year ended January 31, 2018. Prepare a T-account to show the activity in the Inventory account. Round average cost per unit to two decimal places and round all other amounts to the nearest dollar. Eastern Trading and all of its stores use a perpetual inventory system. Make summary journal entries to record the store’s transactions for the year ended January 31, 2018. The store accrued income tax at the rate of 40%. It paid 70% in cash and accrued the rest as accrued liabilities. The San Diego store’s operating expenses for the year were$4,250,000. Eastern Trading and all of its stores use the average-cost method for inventories. During fiscal year 2018, the store sold 149,000 units of merchandise for$15,272,500, of which $4,700,000 was for cash and the balance was on account. During the year, the store purchased merchandise on account as follows: The San Diego store began the year with an inventory of 24,000 units that cost a total of $1,272,000. Assume you are dealing with a single Eastern Trading store in San Diego, California. The fiscal year of Eastern Trading ends each January 31. Eastern Trading Company purchases inventory in crates of merchandise each crate of inventory is a unit.
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