On the 1 June,Hazel Ltd Commenced Business with $10,000 Cash

question 37

Multiple Choice

On the 1 June,Hazel Ltd commenced business with $10,000 cash and immediately purchased 2000 sprockets for $5 each.On the 30 June it sold all the units for $10.The current cost of the units on 30 June was $5.50.
What would be the profit for Hazel Ltd under the physical capital perspective?

• A)$9 000
• B)$10
• C)$11
• D)$12

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