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Question - Manoj Ltd., Mumbai has a branch in Agra. The head office sends goods to branch at cost plus 50%. From the following particulars, prepare Branch account.
Goods from HO at invoice price 50,000
Goods returned to HO 1,000
Cash sales 35,500
Credit sales 8,000
Stock at the beginning of the year 10,000
Stock at the end of the year 11,000
June revised the useful life to a total of six years with no residual value. What depreciation would June record for the year 2022 on this equipment
Why were inventories recorded at market value? What are consignment inventories, and why were they excluded from the balance sheet valuation?
Paul Scott has a 2008 Cadillac that he wants to update with a GPS system so that he will have access to up-to-date road maps and directions. Aftermarket equipment can be fitted for a flat fee of $500, and the service provider requires monthly charges..
Classify the given items as either revenue or capital expenditure:- An extension to an office building costing £24,000.
Develop a set of forecasted financial statements under alternative versions of the operating plan in order to analyze effects of different operating procedure
Compute for Net Working Capital and EPS (it can be given on their statements) for each. Say you are an investor and looking for two publicly listed companies
The bonds were issued on January 1, 2015 at a price yielding the entity P2,738,682, What interest expense is to be reported on December
You are evaluating the balance sheet for Goodman’s Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $260,000; accounts receivable = $1,400,000; inventory = $2,300,000; accrued wages and taxes ..
Compute pension expense for Howard Corp. for the year 2020 by preparing a pension worksheet
If the company just paid a cash dividend of $1.20, and the required rate of return is 13%, what is the value of the firm's shares?
Equal year-end deposits into a savings account earning 7.60 percent per year. How much money will be in the account at the end of that time period?
The market risk premium is 2 percent. If you believe that the CAPM holds, which security would be the best investment for its given risk
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