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Question (a) Explain what is meant by 'capital expenditure' and by 'revenue expenditure' and how each is treated in the financial records of a company.
Question (b) Some of the following items should be treated as capital and some as revenue. For each of them state which classification applies:
(i) The purchase of machinery for use in the business.
(ii) Carriage paid to bring the machinery in (i) above to the works.
(iii) Complete redecoration of the premises at a cost of $1,500.
(iv) A quarterly account for heating.
(v) The purchase of a soft drinks vending machine for the canteen with a stock of soft drinks.
(vi) Wages paid by a building contractor to his own workmen for the erection of an office in the builder's stockyard.
Based on these ratios, specifically interpret Apple's financial condition by using examples of Profitability Ratios, Leverage Ratios, Liquidity Ratios, and Efficiency Ratios.
Determine By how much will increase project? Suppose the firm can cut its requirements for working capital in half by using better inventory control systems.
Intel estimates the fair value of the recourse liability at $215,000. What would be recorded as a gain (loss) on the transfer of receivables?
Bartlet Financial Services Company holds a large portfolio of debt and stock securities as an investment. The total fair value of the portfolio at December 31, 2012, is greater than total cost. Some securities have increased in value and others have ..
An employee at Pilot enlists your help in estimating the company’s average accounts receivable days. The definition of accounts receivable days for this question is the average number of days it takes for Pilot to receive funds after a customer’s inv..
If you invest $5,000 at the beginning of each month, how many months would it take for your account to grow to $308,000? Round fractional months up.
Avatar Company uses the direct method to prepare its statement of cash flows. Please refer to the following information reported for the year 2014: In the operating activity section of the statement of cash flows, what amount would be shown for total..
Calculate the Gross profit as percentage of sales, Net profit as percentage of sales, Current ratio, Acid test ratio, Stock turnover
A company bought $50,000 inventory for $20,000 cash, balance due to supplier in 30 days. What is the operating cash flow in this transaction
Use the Excel spreadsheet provided to calculate the income recognized under your transfer pricing structure and the overall tax burden.
What is the difference in effective cost of borrowing between a $500,000 loan amortized annually at 12 percent over 10 years, with 4 percent paid at the time of loan origination, versus the same loan prepaid after 4 years?
What method does Tootsie Roll use to value its inventory? What is the amount of the receivables Tootsie Roll expects to collect (this is termed the net realizable value)?
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