Calculate operating profit-loss before taxation

Assignment Help Accounting Basics
Reference no: EM133007077

Question - Your company uses IFRS. You know that the operating cash flows generated in 2018 were 779000 EUR. You also know that: - inventories at the beginning of the year were 642000 EUR, while at the end of the year are 682000 EUR. - trade receivables at the beginning of the year were 404000 EUR, while at the end of the year are 314000 EUR. - operating payables (without corporate income tax payables) at the beginning of the year were 699000 EUR, while at the end of the year are 383000 EUR. The corporate income tax paid in this year was 36000 EUR. The depreciation and amortisation in the year was 72000 EUR. Calculate operating profit/loss before taxation for the year.

Reference no: EM133007077

Questions Cloud

Find how much money does have to save in a fund : Shi Pak Napak would like to receive P40,000. How much money does she have to save in a fund which pays at the rate of 8% compounded quarterly?
Determine an incremental per share effect for each : The net income for the year ended December 31, 2020 was $410,000. Determine an incremental per share effect for each
When nando corporation issued the convertible debt : When Nando Corporation issued the 5% convertible debt, would the company's interest rate on straight debt have been higher or lower than 5%
By how much net operating income be expected to increase : If total sales increase by $20,000 and fixed expenses remain unchanged, by how much would net operating income be expected to increase
Calculate operating profit-loss before taxation : The depreciation and amortisation in the year was 72000 EUR. Calculate operating profit/loss before taxation for the year
Compute the use tax that ms pike owes to california : Ms. Pike, who lives in California, traveled to Oregon to purchase gold jewelry for $20,000. Compute the use tax that Ms Pike owes to California
Calculate his taxable income and tax liability : Mr B aged 52 years, has earned rupees 75,00,000 out of his business. Calculate his taxable income and tax liability
Prepare journal entries in the proper format for transaction : Bronco Corporation uses accrual accounting to record revenues and expenses, Prepare journal entries in the proper format for the above transactions
What is the future value of this cash flow : Given the following cash inflow at the end of each year, what is the future value of this cash flow at 6%, 9%, and 15% interest rates at the end of seventh year

Reviews

Write a Review

Accounting Basics Questions & Answers

  Mozena corporation has collected the following information

mozena corporation has collected the following information after its first year of sales. sales were 1600000 on 100000

  Book company had net income of 75000 on january 1 there

book company had net income of 75000. on january 1 there were 10000 shares of common stock outstanding. on may 31 the

  Jeff howell is a production manager at a mental fabricating

jeff howell is a production manager at a mental fabricating plant. last night he read an article about a new piece of

  Windhoek mines ltd of namibia is contemplating the purchase

windhoek mines ltd. of namibia is contemplating the purchase of equipment to exploit a mineral deposit on land to which

  What is the break-even level of units

Factory X manufactures steam cleaners for engines and has a high level of sales variability. The units sell for $3,200 each but each unit contains about $1,280.

  What are the total equivalent units for direct materials

What are the total equivalent units for direct materials for July if materials are added at the beginning of the process

  Calculate Williams maximum depreciation deduction

Calculate William's maximum depreciation deduction for 2019, assuming he uses the automobile 100 percent in his business

  Prepare journal entries to record the following

prepare journal entries to record the following merchandising transactions of yang company which applies the perpetual

  What is the breakeven point in total units

Plaid models sell for $50 per unit with variable costs of $25 per unit. What is the breakeven point in total units? What is the breakeven point in total units

  The machine will permit an output expansion so the

the deleca plastice company is considering a machine that has a cost of 25000. the machine will permit an output

  Prepare nyanas december thirty first adjusting entry

Nyana Company offers a set of building blocks to customers who send in 3 UPC codes from Nyana cereal. Prepare Nyana's December 31, 2017, adjusting entry.

  What is the amount of additional sales recognized by laxada

What is the amount of additional sales recognized by Laxada upon redemption of premiums? How much is the total transaction price is allocated?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd