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Question 1: The cost sheet of Sarvesh Led. Provides the following data: Amount per unit (Rs.) Raw materials 100 Direct labour 40 Overheads 80 Selling price 240 The following is the additional information: Level of activity 1,04,000 units p.a. Raw materials in stock average 4 weeks Work-in-progress average 2 weeks Finished goods in stock average 3 weeks Credit allowed by suppliers 1month Credit allowed to customers 3 weeks Lag in payment of wages 2 weeks Minimum cash balance of Rs. 20,000 is to be maintained. Production is carried on evenly throughout the year. A safety margin of 10% will be maintained. You are required to prepare a statement showing working capital requirements of Sarvesh Ltd.
Would it be possible for calcor company to achieve the first two of Kuhn’s goals without achieving his third goal of a 30% return on average assets before interest and taxes? Explain
Total assets at the end of 2011 $130,000, Total assets at the end of 2012 $250,000, Prepare a statement of retained esrnings for 2012. How do you calculate without the previous years retained earnings?
Prepare a cash budget for the month of April. Determine how much cash Splish Brothers Inc. must borrow, or can repay, in April.
What would earnings per share be if the tax rate on the anticipated return was 30 percent and there were 20,000 shares outstanding?
In Cell? E6, enter the formula to calculate the projected increase in the number of? Mathematical/computer scientists from 2000 to 2010.
During 2013 and 2014, Danny pays property taxes of $3,500 each year on a piece of land. During 2013, the land is vacant and unproductive. In 2014, Danny uses the land as a parking lot and generates $16,000 in income. Which of the following is true re..
What is the projected net income for 2015?-- What is the breakeven point in revenues for 2016 if the additional $16,500 is spent for advertising?
Prepare the firm's closing entries for Taylor Maid Services on June 30, 2008. accounts were taken from the books of Taylor Maid Services
The Kilp Sisters Trust is required to distribute $60,000 annually equally to its two income beneficiaries, Clare and Renee. If trust income is not sufficient to pay these amounts, the trustee can invade corpus to the extent necessary.
SolarFlex is a small but very innovative manufacturer of cutting-edge solar panels. A significant portion of the company's success is due to technologically superior product design. Compute the contribution margin per unit and the breakeven point in ..
Prepare an adjusted trial balance and prepare the income statement and a retained earnings statement for July and a classifiedbalance sheet at July 31.
Using the units-of-production method, what is the amount of accumulated depreciation at the end of the second year?
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