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Question - Sage Pvt. Ltd (SPL) manufactures and sells 1300 CC. Motor Cars to its customers for Rs.1,500,000 per car. The stock of cars was included in the closing inventory as of 31 December 2019 at a cost of Rs.1,000,000 per car. The competitor launched the new 1300 CC hybrid cars on 31 December 2019 for Rs.1,800,000 per car. During the final audit the auditors noted that the subsequent selling price for the Cars at 15th January 2020 was Rs.1,400,000 per car. Furthermore, inquiry reveals that during the physical stock take, a car is damaged. Accordingly, SPL in the following week, spent a total of Rs.500,000 for repairing.
Required - Compute the amount of: a) Net realizable value of the damaged cars b) inventory write-down (loss) to the cars?
The questions will focus on your understanding of processes of global social change. Your answers should be essays of 150 words each.
What is amount of depreciation for the second full year, during which the machine was used 5,000 hours?
The new clubs will also require an increase in net working capital. What is the sensitivity of the NPV to changes in the quantity of the new clubs sold?
Company sells a machine for $6,500 under a 12-month warranty agreement that requires the company to replace all defective parts and to provide the repair labor at no cost to the customers. Assuming that actual warranty costs are incurred exactly as e..
The president of the retailer Prime Products has just approached the company’s bank with a request for a $30,000, 90-day loan. The purpose of the loan is to assist the company in acquiring inventories. Prepare a schedule of expected cash collections ..
multiple choice questions based on basics of accounts.1.nbspcommunication of economic events is the part of the
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Prepare the consolidated financial statements for Peony at December 31, 20X6 using the direct method. Show all your work.
If the bowls cost LeMay Company $3 each, explain how much liability for outstanding premiums should be recorded at the end of 2012.
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