The asset section of the statement of financial position and notes thereto of Megabus Ltd is shown
Question:
The asset section of the statement of financial position and notes thereto of Megabus Ltd is shown below.
Required
(a) Calculate the changes in dollar amounts and percentages for the company.
Transcribed Image Text:
Cash assets Receivables 60 733 2025 $37 584 2024 $32 222 64 500 Inventories 166 622 162 400 Prepaid insurance 1 505 1 688 Furniture and fittings 103 277 97 800 Plant and equipment 149 688 157 500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
Question Posted:
Students also viewed these Business questions
-
The asset section of the statement of financial position and notes thereto of Megabus Ltd is shown below: 2017 2016 Cash assets Receivables Inventories Prepaid insurance Furniture and fittings Plant...
-
The asset section of the statement of financial position and notes thereto of Megabus Ltd is shown below. Required Calculate the changes in dollar amounts and percentages for the company. Cash assets...
-
The Rouse Company is a real estate development firm with ownership of shopping malls, office buildings, hotels, and undeveloped land throughout the United States. In 1996,Rouse paid $549 million to...
-
List four components and four guidelines that the J. Crew mission statement fails to exhibit. Write a new and improved mission for J. Crew.
-
Mark Collins, luthier and businessman, builds and sells custom-made acoustic and electric stringed instruments. Although located in Maryville, Tennessee, he purchases raw materials from around the...
-
When do overtime rates apply?
-
The file "mmm9912-dtp.dat" contains the transactions data of the stock of \(3 \mathrm{M}\) Company in December 1999. There are three columns: day of the month, time of transaction in seconds from...
-
Cummings Products Company is considering two mutually exclusive investments. The projects' expected net cash flows are as follows: a. Construct NPV profiles for Projects A and B. b. What is each...
-
7. A rectangular storage container with an open top is to have a volume of 10 m". The length of its base is twice the width. Material for the base costs $8 per square meter. Material for the sides...
-
Comparative figures from the statement of financial performance of Misty Ltd are shown below. Required (a) Prepare common size statements for the company for both years, and comment on any...
-
Niagra Ltd reported the following financial data over a 5-year period. Required (a) Prepare a trend analysis of the data using 2021 as the base year. (b) Graph the trends and discuss if the trends...
-
Find the indicated term of each sequence. 5 2 , 5 0 , 5 2 , . . . (18th)
-
Two Reasons Why Knowledge Management Fails Discussion Question - CLO 1, CLO 2, CLO 3, CLO 5 View the video (5:52min) by Knowledge MT and answer the following questions. After viewing the video,...
-
Place each description on the part of the world system it best represents: core, periphery, or semi-periphery, according to Wallerstein's theory. contribute the most natural resources in the world...
-
YOUR Company plans to sell 1,000 bikes at $400 each in the coming year. Product costs include: Direct materials per bike $180 Direct labour per bike $100 Variable factory overhead per bike $25 Total...
-
1) For Dehli Inkstone, is it worth implementing a full-fledged ABC system, based upon the findings for these two products? yes or no please also explain the reason.
-
Distinguish between SQL and NoSQL. Discuss the various database members of NoSQL . What is SQL? What is NoSQL? What are the distinguishing characteristics of SQL and NoSQL. List and explain the...
-
On August 23, 1995, Climaco Guzman entered into a commercial janitorial services franchise agreement with Jan-Pro Cleaning Systems, Inc., in Rhode Island for a franchise fee of $3,285. In the...
-
Explain the regulation of the secretions of the small intestine.
-
Clear Manufacturing uses powdered plastics ( PPS ) to manufacture a high - pressure board used in a digital equipment product, Flex 1 0 . Information concerning its operation in June is as follows:...
-
Required: 1 . Prepare a complete statement of cash flows using the indirect method for the current year. ( Amounts to be deducted should be indicated with a minus sign. ) FORTEN COMPANY Statement of...
-
Current Attempt in Progress Cullumber Auto Repair Company owns a garage and is contemplating purchasing a tire retreading machine. Cullumber projects a net cash inflow from the retreading machine of...
Study smarter with the SolutionInn App