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Icebear Rockets LTD is a startup company. For their first year, the year 2019, they are selling a ice lollies at beach of saint Tropez.
Icebear rocket ltd is buying the ice lollies from a local supplier at 8BEF for 1 lolly ( BEF= local currency) At the beginning of the year 2019 Icebear rockets ltd had 198 ice lollies in stock, and during the year 2019, they bought 1.917 and they sold1.959 lollies at a sales price of 29 BEF.
Icebear rockets ltd is renting a storage room close to the beach for an amount of 6000BEF a year. There is 1 employee working on the beach selling the lollies, and the salary for 1 year is 8000 BEF.
Problem 1: Icebear rockets ltd has 1 investment in equipment. They invested in a big refrigerator, the purchase price of the refrigerator was 25000 EUR and this equipment is amortized at 3 years. Corporate taxation is 15%. Calculate the profit for the year after taxation for the year 2019 (in BEF).
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