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The owner will purchase a new vehicle in the September quarter for $27,500. In December they will purchase photocopiers for $5,500 and a computer system for $5,500 with an upgrade in March for a further $2,750. Each item is inclusive of GST. Prepare the Capital Expense Budget for the financial year.
Voyager Co. Capital Expenditure Budget 30 June
September
December
March
June
Total GST
Car
Photocopier
Computer
Total (net GST)
GST
(GST = 10%)
date face amount term interest rate 1. april 10 45000 60 days 4 2. june 24 18000 30 days 6 3. july 1 36000 120 days 6
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since it was organized in march 19x1 block inc. has had 5000 outstanding shares of 100 par value 7 preferred stock and
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