Question
3.1. Given below are financial information for Boo-at Jer Sendirian Berhad for the financial year ended 31 December 2019. Item Amount (RM) Accounts payable 610000
3.1. Given below are financial information for Boo-at Jer Sendirian Berhad for the financial year ended 31 December 2019.
Item | Amount (RM) |
---|---|
Accounts payable | 610000 |
Accounts receivable | 380000 |
Prepaid taxes and insurance | 90000 |
Cash & cash equivalents | 985000 |
Plant, property & equipment | 1940000 |
Operating profit | 2230000 |
Net sales | 5975000 |
Inventory | 240000 |
Total Owners' Equity (end balance) | 2550000 |
Income taxes | 590000 |
Interest charges | 400000 |
Q 3.1.a. Calculate the net profit after tax. (2 marks) Format : 9260000Q 3.1.b. Calculate total current assets. (2.5 marks) Format : 5625000Q 3.1.c. Calculate total long term liabilities. (3 marks) Format : 368000Q 3.1.d. Prepare formatted Balance Sheet Statement as at 31 December 2019. Show in workings to be attached. (7.5 marks) Format : AQ.3.2. The Beena Jer Contractor Company paid RM1422000 for a house and the land that it is on. The value of the land was appraised at RM152000 and the value of the house at RM245000 . The house was then torn down at an additional cost of RM15000, so that a warehouse could be built on the land at a cost of RM1010000. For depreciation purposes, what is the cost basis for the warehouse? (3.5 marks) Format : 9540000
Q.3.3. Consider the following data for a machinery using DDB depreciation method:
Cost of the machine | 38000 |
Useful life | 5 year |
Salvage value | 6000 |
Calculate the book value at the end of the 4th year. (6.5 marks)
Format : 3523
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started