User Account

All Pages

Calculate the new net profit

Assignment Help Accounting Basics
Reference no: EM132983226

Question - Neelopa Enterprise's financial statement for the year ended 31 December 2020 has showed a net profit of RM100, 500. On 2 March that year, the company bought a van that cost RM70,000. This transaction was debited in the motor repairs and maintenance accounts. The company policy is to depreciate motor vehicles using straight line basis at 15 percent per annum and with a full year charge in the year of acquisition. It was discovered that 5% interest on loan of RM120,000 was also left out. Calculate the new net profit.

Reference no: EM132983226

Questions Cloud

How much would the firm market share have to increase : How much would the firm's market share have to increase in order to the firm be indifferent between accepting and rejecting the project
How medi-supply can avoid unethical practices : How Medi-Supply can avoid unethical practices in its financial reporting methods. Be sure to provide information on handling material non-public information
Do think are able to be less costly than the financial cost : Reading about the development of this technology, do you think they are able to be less costly than the financial cost of fraud, especially in the case of small
Can debit sales for dollar fifteen thousand : Can we debit Sales for $15,000, credit Cost of Sales for $15,000 on 30 June 2021? One of the liabilities of Valley Ltd was $50,000 for dividend payable.
Calculate the new net profit : Neelopa Enterprise's financial statement for the year ended 31 December 2020 has showed a net profit of RM100, 500. Calculate the new net profit
Compute the amount the company can borrow : The accounts receivable at the end of the period is $7.5 million with $500,000 over 90 days old. Compute the amount the company can borrow
Implement at least two locked doors to your game : Describe your game, including the back story and the setting of the game - Implement at least two locked doors to your game.
What spending rate can the endowment fund accommodate : What spending rate (to two decimal places) can the endowment fund accommodate if long-term inflation is 1.6% p.a. and the management expenses
What is the utility of the investor of a portfolio : What is the utility of the investor (two decimal places) of a portfolio that has an expected return of 5.1% p.a. and a standard deviation of return of 10.4 p.a.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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