b) Link Bank is deciding whether to grant a loan application to a new customer. As part ofthe analysis, calculate the percentage change for each of the headline numbers on the tablebelow.30th June 202130th June 2020£'s£'sSales3,420,0002,745,000Gross profit1,825,0001,365,000Overheads770,000630,000Net profit1,055,000735,000Overdraft42,00057,000Long termloans.600,000835,000

Answered: Image /qna-images/answer/6c783604-bfb0-4622-b587-2e68457fc27c.jpg

Answered: b) Link Bank is deciding whether to…

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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What is net income ?
Looking for answers asap. Thanks! Analyze and review the following items and determine the appropriate journal entry. Notes Payable This is a short-term note. The company borrowed money from JRT Investments on October 31, 2020 for 3 months. The principal, along with interest is to be repaid on January 31, 2021. The interest rate is 1.8%. Notes Payable = $250,000
table belom shows the financial statements of a fan components supplier company that started it's operation in 1st January 2021.Calculate the profit and loss statement for the year ended December 2021.
Question: How much is the income or loss after tax for 2021? Kindly prepare a good presentation of your computation. The store opened on January 01, 2021 and had total sales for the 1st month of Php 300,000.00. Corresponding increase in sales of 10% was realized for the remaining months of the 1st quarter. Second quarter sales were the same as the 1stquarter, corresponding 5% increase for the 3rd quarter, and 4thquarter sales is the same as the 1st quarter. The company had a miscellaneous income for the year of Php 50,000.00 but it seems that it has no effect on its financial since they also incurred the same amount for the spoilages, considered as other expense. Let us assume that the annual tax percentage will be 12%. Sales breakdown is: 70% from the beverages and the remaining percentage for the pastry line. Total investment of Ms. Cortesi amounted to Php1.5M and she is expecting the Payback Period on the 3rd year. Renovation cost of the rented space of the store amounted to Php…
On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:Accounts Debit CreditCash $ 25,100Accounts Receivable 46,200Allowance for Uncollectible Accounts $ 4,200Inventory 20,000Land 46,000Equipment 15,000Accumulated Depreciation 1,500Accounts Payable 28,500Notes Payable (6%, due April 1, 2022) 50,000Common Stock 35,000Retained Earnings…
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3) A $400,000 demand loan was taken out on March 18 from the CIBC Bank at a cost of 12% p.a. The demand loan agreement provided for a final payment on December 29, and payments of $100,000 on June 15 and $200,000 on October 17. Using the declining balance method, how much must be paid on December 29? a. how much is owing on June 15th after the payment? b. how much is owing on Oct 17th after the payment? c. how much is the last payment on Dec 29th?
What is Verizon Wireless’s average daily credit sales? (Enter your answer in $ Million.) Select Financial Metrics Month Avg 2020 Accounts Receivables 409,489 Credit Sales 690,049 Cash On Hand 1348 All figures in $ Millions Note figures are the monthly average.
Wally has provided the information below – and asked you to create an Income Statement and Balance Sheet for AndrewCo for the year ended December 31, 2019. Sales were $1,200,000 Gross profit margin was 50% Operating margins were 10% The Bank of Toronto provided a loan on Jan 1, 2019 worth $300,000. The annual interest is 8% and is compounded annually. Interest only payments are needed – until the loan is due in 10 years, where a balloon payment for the full balance must be paid. The combined federal and provincial tax rates is 25% Wally knows that the ending cash balance in his company is 200,000. Accounts Receivables is 12% of sales Inventory is 15% of sales Accounts Payable is 5% of sales Accrued expenses payable is 5.5% of sales Capital equipment purchases were made at the start of the year. These total $50,000. These depreciate at 10% per year The owner will provide all other capital in the form of equity financing Wally has asked you to figure out his Selling General and…
In cell E7, add a formula that calculates the monthly payment amount assuming that the payment is due at the beginning of the month. Subtract the “Downpayment” amount from the principle. (Use the PMT Function as Formula in Excel)
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From the following data, Forecast the cash position at the end October, November and December 2020 Month Sales(RO) Purchases (RO) Salaries Miscellancot August 60,000 42,000 5,000 3,500 September 65,000 50,000 6,000 4,000 October 40,000 52,000 4,000 3,000 November 58,000 53,000 5,000 6,000 December 44,000 40,000 4,000 3,000 Additional Information 1. Sales: 10% realized in the month of sales, balance realised equally in two subsequent months. 2. Purchases are paid in the month following the month of supply. 3. 10% of the wages are paid in the following month. 4. Miscellaneous expenses paid a month in arrears. 5. Rent of RO 500 per month paid quarterly in advance due in October. 6. First Instalment of Income Tax of RO 15,000 due on or before 15 December. 7. Income from Investment RO 3,000 received quarterly in October 2020 and Janu: 2021. 8. Cash in hand RO 3,000 on 1" October 2020.

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