Question No: 03 Statement of Income and Expenditure for the year ended March 31, 2022 193400 1200 1000 Sales Dividend Income. Interest Income. Gain on disposal of plant Total Income Cost of goods sold Depreciation expense Finance Cost Selling and administration expense Loss on sale of investment. Total expense Profit before tax 3200 Options 198800 116600 23000 3600 5400 1200 149800 49000 16-82521-20 9116-82521-2023/35/2 679116-82521-2023/05/21 During the period, inventories increased by Rs.3000, trade receivables decreased by Rs.4600, and trade payables decreased by Rs. Rs.3200. Selling and administrative expenses include a bad debt expense of Rs.1400. You are required to present the cash flows from the operating activities of Tribhuvan Spintex Ltd. 2021 16-82521-2023/05/2 79116-07-21-2023/05/2 05/21-20246679116-8252

Question No: 03 Statement of Income and Expenditure for the year ended March 31, 2022 193400 1200 1000 Sales Dividend Income. Interest Income. Gain on disposal of plant Total Income Cost of goods sold Depreciation expense Finance Cost Selling and administration expense Loss on sale of investment. Total expense Profit before tax 3200 Options 198800 116600 23000 3600 5400 1200 149800 49000 16-82521-20 9116-82521-2023/35/2 679116-82521-2023/05/21 During the period, inventories increased by Rs.3000, trade receivables decreased by Rs.4600, and trade payables decreased by Rs. Rs.3200. Selling and administrative expenses include a bad debt expense of Rs.1400. You are required to present the cash flows from the operating activities of Tribhuvan Spintex Ltd. 2021 16-82521-2023/05/2 79116-07-21-2023/05/2 05/21-20246679116-8252

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 1 Below are the statements of Financial Position for Grace Ltd as at 31 December, 2009 and 31 December, 2008 and the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December, 2009. 2009 2008 ASSETS GHS'000 GHS'000 Non-current assets Tangible assets Intangible assets 832 681 1,415 817 2,247 1,498 s Current assets Inventory 619 701 Receivables 584 492 Investments 396 125 Cash 17 81 1,616 1,399 Total assets 3,863 2,897 EQUITY AND LIABILITIES Equity Equity shares (GHS1) Revaluation surplus Retained earnings 500 300 150 40 1,924 1494 2.574 1,834 Non-current liabilities Provision for court case 73 50 5% Debentures 220 88 293 138 .Current liabílities Interest payable Bank Dividends payable Tax payable Trade payables 100 30 60 81 140 238 226 517 529 996 925 Total equity and liabilities 3.863 2,897
Precision Tools 2021 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid $36,408 28,225 1,760 6,423 510 5,913 Taxable Income Less: Taxes 2.070 $3.843 Net Income Precision Tools 2020 and 2021 Balance Sheets 2020 2021 2020 2021 $ Cash 2,060 1,003 Accounts 7,250 8,384 payable Accounts 3,411 4,218 receivable 21.908 27,129 Inventory 18,776 24,247 17,500 3.825 Common stock Retained earnings Total liability & 15,000 Net fixed assets 14,160 14.080 6.357 Total assets 38.407 41,209 38,407 41,209 equity What is the times interest earned ratio for 2021?
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what's the mistake in this cashflow statement
Solve for fy22 sales and depreciation a on the 2022 income statement. remember to reference the growth rate provided by Paul.of 0.141 FY21 FY22 Sales $24884886 Blank Cost of Goods Sold $19659044 Other Expenses $2735335 Depreciation $995395 Blank Taxable Income $1493092 Taxes (21%) $313549 Net Income $1179543 Dividends $500,000 Add. to Retained Earnings $679543
Year Net Income Cumulative (Loss) Net Income 2018 6,500,000 6,500,000 2019 400,000 What is the cumulative income? Select one: a. OMR 6,500,000 b. None of the other points c. OMR 6,900,000 d. OMR 6,100,000
2. Based on the following financial statement information, calculate and interpret the operating cycle and cash cycle. The financial statement of Amine Company in 2019 and 2020 are presented as follows: Balance sheet Assets 2019 2020 Liabilities and Owner's 2019 2020 equity Current assets Current liabilities Cash 40 60 Accounts payable 60 80 Accounts receivable 100 120 Notes payable 30 50 Inventory 60 80 Total 90 130 Total current assets 200 260 Long-term debt 110 150 Fixed assets Owners' equity Net Plant and Common stock and 350 350 equipment 400 440 paid-in surplus Retained earnings 50 70 Total equities 400 420 Total assets Total liabilities & owner's 600 700 600 700 equity
31-12 31-12 2019 2020 655 Alex & Co Alex & Co year Balance Sheet ($m) Current Assets Cash & Bank Deposits Trade Receivables Income Statement ($m) Sales Revenue [b] |- Cost of Goods Sold [c] 2020 3,149 -2,279 870 -337 883 86 151 236 289 277 416 26 Gross Profit Selling, General & Admin Costs - Other Operating Costs Depreciation Expense Profit before Interest & Tax |- Interest Expense |- Uncollectible Receivables + Other Operational Income - Other Operatinal Expense +/- Net Investment Income (Expense) 78 Inventories Prepaid Expenses Other Current Assets Non-Current Assets Plant, Machinery & Equipment, net Land & Buildings Other Non-Current Assets 33 -83 U L. -14 436 11 13 422 612 -35 241 375 -4 176 232 5 -6 Total Assets Current Liabilities Short-Term Bank Loans Trade Payables Interest Payable Corporate Tax Payable Accrued Expenses Other Current Liabilities Long-Term Liabilities Total Liabilities Owner's Equity Paid-in Capital [a] Equity Reserves Retained Earnings Current Period Profit…
Net Income Interest (Loss) $ 185, 000 179, 600 157, 250 188, 100 Expense $ 59, 200 Income Taxes $ 46, 250 64,656 66, 045 90, 288 a. b. 80, 820 44,030 11, 286 c. d. Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers In the tabs below. Times Interest Interest Earned Ratio Coverage Which company indicates the strongest ability to pay interest expense as it comes due? Which company indicates the strongest ability to pay interest expense as it comes due? < Times Interest Earned Ratio
Question 5 -/1 View Policies Current Attempt in Progress Marigold Corp.reported the following items for 2019: $50000 Income tax expense Contribution margin 120000 Controllable fixed costs 80000 Interest expense 62000 Total operating assets 28000 How much is controllable margin? O $50000 O $30000 O $40000 O $120000
Q5 Revenues Cost of Goods Sold Gross Profit Selling, General and Admin Depreciation EBIT Income tax (35%) Incremental Earnings Capital Purchases Changes to NWC Year 0 Year 1 -280,0 00 Year 2 140,00 440,00 0 0 -70,00 220,00 0 0 Year 3 Year 4 440,00 350.00 0 0 220,00 175,00 0 0 70,000 220,00 220,00 0 0 -6400 6400 6400 175,00 0 6400 75.00 75.000 75,000 75,000 0 -11,40 138,60 138.60 93,600 0 0 0 3990 -48,51 48,51 0 32,76 0 0 -7410 90,090 90,090 60,840 -5.000 -5,000 -5,000 -5,000 A garage is installing a new "bubble-wash" car wash. It will promote the car wash as a fun activity for the family, and it is expected that the novelty of this approach will boost sales in the medium term. If the cost of capital is 10%, what is the net present value (NPV) of this project? Show all calculations
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