calculate sales from the following data :
1. net value added at factor cost : 300
2. intermediate consumption : 240
3. current replacement cost : 40
4. stock of unsold inventory : (-60)
Dear Student
NVA fc = Sales - Intermediate Consumption + Change in Stock
300 = Sales - 240 + (-60)
Sales = 600
Regards
NVA fc = Sales - Intermediate Consumption + Change in Stock
300 = Sales - 240 + (-60)
Sales = 600
Regards