FAMark-up and Margins - ACCA Financial Accounting (FA) lecturesYouTube videoPlay video7 CommentsAAn·3y agoI knew nothing about accounting but thanks to your lectures, I can understand and solve many complicated exercises now.JJohn MoffatTutor·3y agoThat's great - thank you for your comment :-)DDevika·4y agoSir, is it right if I do the problem like this: After the fire the cogs= purchases +opening inventory - closing inventory . = 108,000 Before the fire cogs= Markup%= selling - cost Cost = 100,000 Loss: before fire- after fire = -8,000 The inventory lost = 8,000NNwakaego·5y agoThank you sir! Had always thought Mark up & Margin were difficult. You literally broke it down to my understanding! Thank you so much! God bless you.MMariama·4y agoThank you sir Though this is my first time,but I have learnt a lotJJohn MoffatTutor·4y agoGreat :-)JJohn MoffatTutor·5y agoThank you for your comment :-)Leave a commentPost comment
After the fire the cogs= purchases +opening inventory - closing inventory .
= 108,000
Before the fire cogs=
Markup%= selling - cost
Cost = 100,000
Loss: before fire- after fire = -8,000
The inventory lost = 8,000
Had always thought Mark up & Margin were difficult.
You literally broke it down to my understanding!
Thank you so much! God bless you.
Though this is my first time,but I have learnt a lot