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The assets and liabilities of S Harrison as at 30 June 2012 are:
On 1 July 2011 when the business commenced, Harrison owed $58,000 on the land and buildings and $1,200 on the plant, which cost $5,200. At this time Harrison had no other assets or liabilities except $300 in the bank and $2,700 of stock. During the year drawings for personal use totalled $800 cash and goods of $90. Prepare a statement to determine profit for the year.
AB Corp expensed on the financial stmt $2,000,000 for depreciation expense during the year using straight line depreciation and deducted $3,000,000 of depreciation on the tax retur
Determine the factors of financial risk by giving example W. T. L. Company's cost of long-term debt two years ago was 8 percent. This 8 percent was found to represent a 4- per
How and why does working capital affect the incremental cash flow estimation for a proposed large capital budgeting project? Explain. Several large projects require additional
Fund Managers or the Asset Management Company (amc) The role of fund managers is highly significant in the mutual fund operations. So far, this role is being played by the Mutu
Answers
$7000 are invested at 5% per annum compound interest compounded yearly. What would be the amount after 20 years? Solution Here i = 0.05, P = 7000, and n = 20. Putting it i
CLASSIFICATION OF SOURCES OF FINANCE In the market, there are several sources of finance, with conflicting risk characteristics and with conflicting cost structures. Numerous m
How do we calculate the payback period for a proposed capital budgeting project? What are the main criticisms of the payback method? We calculate the reimbursement period for
Illustrate about the Financial Management Individual businesses face problems dealing with acquisition of funds to carry on their activities and with determination ofoptimum
Q. Explain Functions of Finance Financial Management? Functions of Finance or else Financial Management: - The functions of Financial Management are: (1) Determining the Fin
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