Reference no: EM132964289

Problem 1: Plc Balletti is buying coffee machines in Italy at 199euro and is selling them for 269euro a piece in Belgium. The sales manager sold 2 coffee machines today and the client has to pay immediately.

TRANSACTION- Selling the 2 machines of inventory (consider the selling of the machines as well as the increase of cost of goods sold). Mark all the correct answers a) financial transaction b) increase in quality c) decrease cash account d) decrease in total assets e) increase in total assets f) decrease in expenses g) operating transaction h) increase in expenses i) increase in revenues j) decrease in total liabilities k) decrease in revenue l) increase in profit m) investment transaction.

Problem 2: Onewheel XR ltd is selling electric skateboards in Brussels for two years now, and it is a great success. Onewheel XR ltd is buying the skateboards from a production company (the supplier) for 1,066 euro for board. At the beginning of the year 2019 Onewheel had 18 skateboards in stock, and during the year 2019 the bought 198 and they sold 191 skateboards at a sales price of 1?998 euro. In general clients get 2 months credit to pay for their skaterboard in 2019. From the supplier (the production company) they have obtained 3 months credit, so we pay 3 months after each purchase.

Calculate the Value of the stock in financial statements (balance sheet) at the closing of the year 2019.