Answered step by step
Verified Expert Solution
Question
1 Approved Answer
AP TECH GROUP CO and use the information provided to answer question 3,4 and 5 supply, for year ending Ltd. which deals with mechanical maintenance
AP TECH GROUP CO and use the information provided to answer question 3,4 and 5 supply, for year ending Ltd. which deals with mechanical maintenance and general information. During the given year AP TECH GROUP CO. LTD in order to expand its production, AFROTECH secured 7,300,000Tsh loan with 17% accumulated interest rate per year, which must be paid in FIVE years with monthly annuity. Where it was managed to repair: 30 machines at 90,000 Tsh per each machine and delivered 40 machine systems where each system was sold at 150,000 Tsh During machine repair and machine system delivery up to commissioning the following expenses was incurred - Material cost 900,000, Tsh - utilities 700,000 , Tsh - labour charge 1,000,000, Tsh - rent 700,000 Tsh - Marketing 93,700, Tsh - transportation 185,300 Tsh - machine depreciation 434,500 Tsh - After sales service 53,500. Tsh - And during profit planning 65% retained in capital At the end of the year AP TECH GROUP was having Cash 2,100.768 Tsh Equipment 1,027,026 Tsh Account payable was total annuity for 12 months of the year - Capital (at the beginning of the month) 571,093 Tsh Account receivable 1,740,768Tsh Inventory 1,798,568 Tsh - Prepaid Insurances 112,000 Tsh Page 2 of 3 QUESTION TWO (10 Marks) From the data above calculate the following Q2.1 Interest. (3MARKS) Q2.2 Future value (3MARKS) Q2.3 Monthly annulty (4MARKS) QUESTION THREE (10 Marks) From the data above Prepare the following Q3.1 AP TECH GROUP income statement (3MARKS) Q3.2 AP TECH GROUP Retain Earning Statement (3MARKS) Q3.3 AP TECH GROUP Balance Sheot. (4 MARKS) QUESTION FOUR (10 Marks) From the data above calculate the foliowing Q4.1 Working capital (2 MARKS) Q4.2 Current ratio (2 MARKS) Q4.3 Absolute Liquid Ratio (2 MARKS) Q4.4 Return on Equity Ratio (2 MARKS) Q3.5. rate of retum (2 MARKS) AP TECH GROUP CO and use the information provided to answer question 3,4 and 5 supply, for year ending Ltd. which deals with mechanical maintenance and general information. During the given year AP TECH GROUP CO. LTD in order to expand its production, AFROTECH secured 7,300,000Tsh loan with 17% accumulated interest rate per year, which must be paid in FIVE years with monthly annuity. Where it was managed to repair: 30 machines at 90,000 Tsh per each machine and delivered 40 machine systems where each system was sold at 150,000 Tsh During machine repair and machine system delivery up to commissioning the following expenses was incurred - Material cost 900,000, Tsh - utilities 700,000 , Tsh - labour charge 1,000,000, Tsh - rent 700,000 Tsh - Marketing 93,700, Tsh - transportation 185,300 Tsh - machine depreciation 434,500 Tsh - After sales service 53,500. Tsh - And during profit planning 65% retained in capital At the end of the year AP TECH GROUP was having Cash 2,100.768 Tsh Equipment 1,027,026 Tsh Account payable was total annuity for 12 months of the year - Capital (at the beginning of the month) 571,093 Tsh Account receivable 1,740,768Tsh Inventory 1,798,568 Tsh - Prepaid Insurances 112,000 Tsh Page 2 of 3 QUESTION TWO (10 Marks) From the data above calculate the following Q2.1 Interest. (3MARKS) Q2.2 Future value (3MARKS) Q2.3 Monthly annulty (4MARKS) QUESTION THREE (10 Marks) From the data above Prepare the following Q3.1 AP TECH GROUP income statement (3MARKS) Q3.2 AP TECH GROUP Retain Earning Statement (3MARKS) Q3.3 AP TECH GROUP Balance Sheot. (4 MARKS) QUESTION FOUR (10 Marks) From the data above calculate the foliowing Q4.1 Working capital (2 MARKS) Q4.2 Current ratio (2 MARKS) Q4.3 Absolute Liquid Ratio (2 MARKS) Q4.4 Return on Equity Ratio (2 MARKS) Q3.5. rate of retum (2 MARKS)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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