Question : Calculate ‘Sales’ from the following data:
Subsidies = 200, Opening stock = 100, Closing stock = 600, Intermediate consumption = 3000, Consumption of fixed capital = 700, Profit = 750, Net value added at factor cost = 2000
Option 1: 5050
Option 2: 5000
Option 3: 5010
Option 4: 4995
Correct Answer: 5000
Solution : The correct answer is (b) 5000
To calculate Sales, we can use the following formula:
Sales = Net Value Added at factor cost - Subsidies+ Consumption of Fixed Capital -(Closing Stock - Opening Stock) + Intermediate Consumption
Net Value Added at factor cost = 2000
Intermediate Consumption = 3000
Subsidies = 200
Opening Stock = 100
Closing Stock = 600
Consumption of Fixed Capital = 700
Sales = 2000 - 200 +700 - (600 - 100 ) + 3000
Sales = 5000
Therefore, the value of Sales is 5000.
Question : Calculate ‘Intermediate Consumption’ from the following data
Gross value output = 300, Net value added at factor cost = 100, Subsidies = 15, Depreciation = 30
Option 1: 186
Option 2: 185
Option 3: 184
Option 4: 187
Question : Change in stock= ?
Option 1: Closing + Opening stock
Option 2: Closing - Opening stock
Option 3: Opening - Closing stock
Option 4: None of the above.
Net value added at factor cost = 560, Depreciation = 60, Change in stock = (-) 30, Intermediate cost = 1000, Exports = 200, Indirect taxes = 60
Option 1: 1700
Option 2: 1705
Option 3: 1710
Option 4: 1715
Question : The gross profit ratio is the ratio of gross profit to ______.
Option 1: Net Cash Sales
Option 2: Net Total Sales
Option 3: Closing Stock
Option 4: Net Credit Sales
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