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
Related questions
Question
Requirement : 2 |
Calculate the following from the additional information given |
G |
Gross profit |
H |
Net profit |
![Liabilities
ОMR
Assets
OMR
Equity share capital
Accounts Payable
Reserves and surplus
Bills payable
Long term borrowings
Outstanding Salaries
Loan from Bank
27.800
Furniture
4,000
4,500
3,750
1,550
Cash in hand
2,550
Bills receivables
950
Land
9,000
6,520
Marketable securities
850
850
Cash in bank
5,250
Building
Prepaid expenses
Cars & Trucks
3,450
6,600
Preference share capital
Bank overdraft
5,265
850
825
3,350
Tax outstanding
590
Account Receivables
1,150
2,150
Inventory
Income earned but not
430
received
Machinery
Equipment
Total
6,250
2,220
Total
50,350
50,350
Other information
Particulars
OMR
Sales
Cost of goods sold
Administration expenses
Selling & Distribution exp.
Interest received
Rent Received
Commission received
330,000
155,000
33,000
44,000
12,200
2,000
1,750](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f965228-8d45-4efe-ae43-2d09ffb25b1f%2Fb8a2b8c5-4896-4b4a-90dc-9ee4e8ee3319%2F83jpler_processed.png&w=3840&q=75)
Transcribed Image Text:Liabilities
ОMR
Assets
OMR
Equity share capital
Accounts Payable
Reserves and surplus
Bills payable
Long term borrowings
Outstanding Salaries
Loan from Bank
27.800
Furniture
4,000
4,500
3,750
1,550
Cash in hand
2,550
Bills receivables
950
Land
9,000
6,520
Marketable securities
850
850
Cash in bank
5,250
Building
Prepaid expenses
Cars & Trucks
3,450
6,600
Preference share capital
Bank overdraft
5,265
850
825
3,350
Tax outstanding
590
Account Receivables
1,150
2,150
Inventory
Income earned but not
430
received
Machinery
Equipment
Total
6,250
2,220
Total
50,350
50,350
Other information
Particulars
OMR
Sales
Cost of goods sold
Administration expenses
Selling & Distribution exp.
Interest received
Rent Received
Commission received
330,000
155,000
33,000
44,000
12,200
2,000
1,750
![1.
Case Analysis:
Al Ismail Fashions (AIF) is a garment company, located in Alkhwair Muscat, which consists
primarily of much smaller garment makers. AIF was started 13 years ago by Ahmed and
Salim, who has over 15 years of experience with a major garment manufacturer. And the
partnership initially blended very well. Ahmed is extremely creative with a real talent for
merchandising. Mainly as a result of his knowledge, the AIF is known for its quality and "in"
fashions. Salim has contributed to merchandising and marketing ideas, but has mainly
assumed the duties of the firm's chief operating officer. Ahmed has had little interest in the
financial aspects of the company as he preferred to work on fashion designing and
development of marketing strategies. A few months ago, however, he decided that he had
better become more involved with the company's financials. Ahmed want to analyse the
financial statement of the company to know the current financial performance and positions
of the company. The following are the financial details of the AIF.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0f965228-8d45-4efe-ae43-2d09ffb25b1f%2Fb8a2b8c5-4896-4b4a-90dc-9ee4e8ee3319%2Foh00lum_processed.png&w=3840&q=75)
Transcribed Image Text:1.
Case Analysis:
Al Ismail Fashions (AIF) is a garment company, located in Alkhwair Muscat, which consists
primarily of much smaller garment makers. AIF was started 13 years ago by Ahmed and
Salim, who has over 15 years of experience with a major garment manufacturer. And the
partnership initially blended very well. Ahmed is extremely creative with a real talent for
merchandising. Mainly as a result of his knowledge, the AIF is known for its quality and "in"
fashions. Salim has contributed to merchandising and marketing ideas, but has mainly
assumed the duties of the firm's chief operating officer. Ahmed has had little interest in the
financial aspects of the company as he preferred to work on fashion designing and
development of marketing strategies. A few months ago, however, he decided that he had
better become more involved with the company's financials. Ahmed want to analyse the
financial statement of the company to know the current financial performance and positions
of the company. The following are the financial details of the AIF.
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