A company owns building worth £200,000, equipment worth £20,000 and Vehicle worth £30,000. At the start of the year it also has £6,000 in cash, bank balance £6,000 and stocks of materials worth £20,000. It knows that this month it will need to pay a loan amount of £6,000 and payments to creditors £8,000. The expected income from sales this month is £17,000. Complete the following table: Fixed assets Current assets Liabilities Receipts Total assets
A company owns building worth £200,000, equipment worth £20,000 and Vehicle worth £30,000. At the start of the year it also has £6,000 in cash, bank balance £6,000 and stocks of materials worth £20,000. It knows that this month it will need to pay a loan amount of £6,000 and payments to creditors £8,000. The expected income from sales this month is £17,000. Complete the following table: Fixed assets Current assets Liabilities Receipts Total assets
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A company owns building worth £200,000, equipment worth £20,000 and Vehicle worth £30,000.
At the start of the year it also has £6,000 in cash, bank balance £6,000 and stocks of materials worth £20,000.
It knows that this month it will need to pay a loan amount of £6,000 and payments to creditors £8,000.
The expected income from sales this month is £17,000.
Complete the following table:
| Fixed assets | |
| Current assets | |
| Liabilities | |
| Receipts | |
| Total assets | |
| Overall wealth/ Networth |
As a
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