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Billie is a sole trader Billie is a sole trader. Billie's business has the following balances on the Statement of Financial Position as at 30
Billie is a sole trader Billie is a sole trader. Billie's business has the following balances on the Statement of Financial Position as at 30 September 20x5: Plant and machinery: 3,250 Cash: 870 Bank loan: 2,500 Inventory: 520 What is the figure for "owner's capital" as at 30 September 20X5? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 1,100 b 1,390 2,140 d 7,140 1,500,000 1 ordinary shares A company is planning to issue 1,500,000 1 ordinary shares, which will be priced at 1.75 each for purchase by the public on the stock market. What are the impacts of this transaction on the company's statement of financial position? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Increase in cash of 2,625,000, increase in share capital of 1,125,000 and increase in share premium of 1,500,000 b Increase in cash of 2,625,000, increase in share capital of 1,125,000 and increase in retained earnings of 1,500,000 Increase in cash of 2,625,000, increase in share capital of 1,500,000 and increase in share premium of 1,125,000 d Increase in cash of 2,625,000, increase in share capital of 1,500,000 and increase in retained earnings of 1,125,000 20x2 and 20x1 ratios The following ratios have been provided for a company. Which of the statements below is a valid interpretation based on these ratios? Gearing Return on shareholders' funds Gross profit margin 20X2 n/a 15% 25% 20X1 n/a 4% 24% Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The company is financed by a combination of debt and equity. b The company paid dividends to shareholders in 20X1 and 20x2. The company's revenue increased between 20X1 and 20x2. d The company's profitability improved between 20X1 and 20x2
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