Q Ltd sells widgets at £2,000 each. Cost price is £1,500 & sales expenses are £300 each. There were no unsold widgets last year, but 25 this year, and further purchases of 40 took place during the year. Calculate net profits. £7,500 £4,500 £3,000 £1,500 R ltd sold goods to S ltd on credit for £60,000 during the year. R owns 70% of S. At year- end, what adjustment is made to receivables and payables in the group accounts? £60,000 decrease £60,000 increase £42,000 decrease £42,000 increase S ltd had prepaid wages of £15,000 at the start of this year. Annual salaries were £45,000 this year, and salaries owing at the end of this year were £12,000. Calculate the amount S paid for salaries during the year. £22,000 £18,000 £12,000 £10,000 G ltd acquired shares in its subsidiary F Ltd last year when F's net assets were £120,000. This year group profits were £60,000 & controlling interests were £39,000. Calculate the non-controlling interests in F Ltd at acquisition. B £63,000 £58,000 £52,000 £42,000
Q Ltd sells widgets at £2,000 each. Cost price is £1,500 & sales expenses are £300 each. There were no unsold widgets last year, but 25 this year, and further purchases of 40 took place during the year. Calculate net profits. £7,500 £4,500 £3,000 £1,500 R ltd sold goods to S ltd on credit for £60,000 during the year. R owns 70% of S. At year- end, what adjustment is made to receivables and payables in the group accounts? £60,000 decrease £60,000 increase £42,000 decrease £42,000 increase S ltd had prepaid wages of £15,000 at the start of this year. Annual salaries were £45,000 this year, and salaries owing at the end of this year were £12,000. Calculate the amount S paid for salaries during the year. £22,000 £18,000 £12,000 £10,000 G ltd acquired shares in its subsidiary F Ltd last year when F's net assets were £120,000. This year group profits were £60,000 & controlling interests were £39,000. Calculate the non-controlling interests in F Ltd at acquisition. B £63,000 £58,000 £52,000 £42,000
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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Transcribed Image Text:Q Ltd sells widgets at £2,000 each. Cost price is £1,500 & sales expenses are £300 each.
There were no unsold widgets last year, but 25 this year, and further purchases of 40 took
place during the year. Calculate net profits.
£7,500
£4,500
£3,000
£1,500
R ltd sold goods to S ltd on credit for £60,000 during the year. R owns 70% of S. At year-
end, what adjustment is made to receivables and payables in the group accounts?
£60,000 decrease
£60,000 increase
£42,000 decrease
£42,000 increase
S ltd had prepaid wages of £15,000 at the start of this year. Annual salaries were £45,000
this year, and salaries owing at the end of this year were £12,000. Calculate the amount S
paid for salaries during the year.
£22,000
£18,000
£12,000
£10,000
G ltd acquired shares in its subsidiary F Ltd last year when F's net assets were £120,000.
This year group profits were £60,000 & controlling interests were £39,000. Calculate the
non-controlling interests in F Ltd at acquisition.
B
£63,000
£58,000
£52,000
£42,000
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