(a) From the above information, prepare the balance sheet of Budgie Limited indicating clearly the shareholders funds...
Question:
(a) From the above information, prepare the balance sheet of Budgie Limited indicating clearly the shareholders’ funds and working capital.
(b) Comment on the capital position disclosed by the balance sheet you have prepared.
Transcribed Image Text:
Fixed assets, at cost Stock Bank overdraft Ordinary share capital Creditors Unappropriated profit Accumulated depreciation Debtors £000 160 40 30 100 45 22 50 47
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
a Balance Sheet of Budgie Limited Liabilities Amount Shareholders Funds Ordinary Share Capital 100 A...View the full answer
Answered By
Sayee Sreenivas G B
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
The first quarter of 2008 had not yet ended and Steve Savage already knew the company would surpass the projected $22 million in revenues for the year. He and the management team had doubled sales...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
World Information Group has two major divisions: print and Internet. Summary financial data (in millions) for 2011 and 2012 are: The annual bonuses of the two division managers are based on division...
-
Cates Computing Systems develops and markets commercial software for personal computers and workstations. Three situations involving compensation for possible future absences of Cates's employees are...
-
How often do you talk with your friends or family about ideas for starting a new venture? Where do your ideas come from?
-
Partition the data set into training and test data sets.
-
1. Discuss the factors that may cause Jane to intentionally and unintentionally distort her ratings of Barb and George. 2. Evaluate the kinds of training programs that could help minimize the factors...
-
Prepare transaction and acting entries. 24.10 2. 3) The following independent events for Repertory Theatre Led during the year ended December 31, 2021. require a transaction mal entry or as adjusting...
-
The following is the trial balance of Tully Ltd as on 31 December 20X5: Given the following information, you are to draw up a trading and profit and loss account for the year ending 31 December 20X5,...
-
The trial balance extracted from the books of Tailor Times Ltd at 31 December 20X3 was as follows: You are given the following additional information: (i) The authorised and issued share capital is...
-
Let f(x) be the probability density function for the lifetime of a manufacturer's highest quality car tire, where is measured in miles. Explain the meaning of each integral. a. b. 40,000 f(x) dx...
-
List and describe three common interview mistakes which compromise the quality of the selection process.
-
Player I chooses a positive integer x > 0 and player II chooses a positive integer y > 0. The player with the lower number pays a dollar to the player with the higher number unless the higher number...
-
1. Distinguish between risk management and risk transfer. As the manager of XYZ FBO, what measures would you put in place to ensure risk reduction?
-
Devlop a sumary of your understanding of Learning and Retention. In the sumary, think about how you see Learning and Retention fitting into the entire study of Organizational Behavior. How does the...
-
Emani, Peters and Desai et al (2018) "conducted a cross-sectional survey of adopters and non-adopters of the portal...the survey consisted of perceived attributes from the DOI theory,...
-
Distinguish between strategic control and operating control. Give an example of each.
-
A police officer pulls you over and asks to search your vehicle because he suspects you have illegal drugs inside your car. Since he doesn't have reasonable suspicion to search your car, legally he...
-
On 1 January 20X7, Carver bought a machine costing 20,000 on hire purchase. He paid a deposit of 6,000 on 1 January 20X7 and he also agreed to pay two annual instalments of 5,828 on 31 December in...
-
Why is it unlikely that many large companies could have existed if limited liability did not exist?
-
Pilot Ltd company has a nominal share capital of 200,000 comprising 200,000 ordinary shares of 1 each. The whole of the capital was issued at par on the following terms: Applications were received...
-
You are evaluating a new project for the firm you work for, a publicly listed firm. The firm typically finances new projects using the same mix of financing as in its capital structure, but this...
-
state, "The subscription price during a rights offering is normally r; lower ; lower r; higher er; higher than the rights-on price and
-
Arnold inc. is considering a proposal to manufacture high end protein bars used as food supplements by body builders. The project requires an upfront investment into equipment of $1.4 million. This...
Study smarter with the SolutionInn App