Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CINTO Condon Question 2 [as marks The following financial Information is given for cheap John Halep: Statement of Financial Position 1 May 2020 Cos Ace

image text in transcribed
image text in transcribed
CINTO Condon Question 2 [as marks The following financial Information is given for cheap John Halep: Statement of Financial Position 1 May 2020 Cos Ace Dep NOV Cost A DNV E c C Non-current assets Land and Bang 215.000 14.3001 210.700 215.000 2.0 20.00 Machinery 75 200 43.600331.600 113.400 165.000.000 Furniture 2200 2400038200 352.400 (71.300) 280.500 228.400 72.500 254.100 Current assets Inventory (ROC 99 200 107.000 Accounts receivables (Debtors) 45.300 43.100 Lets Allowance for tadind double de 10.000 2.000 44.500 400 Bank 0 600 Car 8.700 42200 152.400 22 Current Liabilities Accounts payable Creditora 40.800 34200 Barik overdratt 10.300 0 (51 103 34230 Working Capit 11.300 1.700 31.10 00 Non-current abilities Long-term Loan 142.000 700 Net Assets 339,800 413.500 Financed by 134.200 Additional Capital reduced by owner 200.000 Add: Net profil 200 Lokar Drawing 74.2009 Closing capital 339.800 "Acc. Dep.mean Accumulated Depreciation NBV mene Net Book Value PLEASE TURN OVER INTO C. 157.100 0.000 419.500 2907 730 3171 John Halep Income Statement extract for the year ended 31 May 2021 E Gross profit Decountries Profit Canon disposal of Future Rent received Total Income Less Expenses Other operating per 180,740 Depreciation Building 4300 Depreciation Machinery 21.400 Increase in allowances provision for bad and doutte detits 1200 Interest expense paid 2520 Net profit Notes: Furniture was sold for 45.000 Machinery costing E38.200 was brought during the year to 31 May 2021 21.1 352.400 19001 260.500 228.400 0.500 250.00 Current assets inventory Stock) 20.200 107 Accounts receivables Debtors) 48300 43100 Less Allowance for tad and doubletts (1.800 0.000 44500 4000 Bank 0 3.500 Cash 8.700 2200 152.400 225.900 Current Liabilities Accounts payable Creditor 40.800 34200 Bank overdratt 10.300 0 (51.100 34.2001 Working Capital 101300 191700 381.800 Non-current abilities Longo Loan 142 0000 Net Assets 339.800 450.500 Financed by Capel 131.200 Addition Capital introduced by owner 200.000 Add. Net profil 2.800 Less: Drawings 74.2001 Closing capital 339.100 "het Dec, mean commutated Depreciation BV Book Vale PLEASE TURN OVER CINTORY 100 52.000 157700 BOC 418 900 John Halep Income Statement extract for the year ended 31 May 2021 292.790 700 8.00 10000 Gross profit Discount received Prolt Goose Future Retro Total Income Lew: Expenses Other operating per 16700 Deprecation Building 4300 Depreciation Machinery 21.00 Inose saliowe provision for bestando 1200 Interesan pad 25 Net profit Notes: Furniture was sold for 4.000 Machinery costing C38.200 bought during the years 31 May 2020 20 107700 Required Prepare a Cash Fow Statement for the year ended 31 May 2011 by Using the Sancial statement above, cattate the following profile for both financial yn yr 31 May 2020 and your May 2021 Return on Capital Employed CROCE For the ratio calculated in ble which financial year the business performed better didentity two (2) advantage of Rato Anaye PLEASE TURN OVER marta INTO CUL CINTO Condon Question 2 [as marks The following financial Information is given for cheap John Halep: Statement of Financial Position 1 May 2020 Cos Ace Dep NOV Cost A DNV E c C Non-current assets Land and Bang 215.000 14.3001 210.700 215.000 2.0 20.00 Machinery 75 200 43.600331.600 113.400 165.000.000 Furniture 2200 2400038200 352.400 (71.300) 280.500 228.400 72.500 254.100 Current assets Inventory (ROC 99 200 107.000 Accounts receivables (Debtors) 45.300 43.100 Lets Allowance for tadind double de 10.000 2.000 44.500 400 Bank 0 600 Car 8.700 42200 152.400 22 Current Liabilities Accounts payable Creditora 40.800 34200 Barik overdratt 10.300 0 (51 103 34230 Working Capit 11.300 1.700 31.10 00 Non-current abilities Long-term Loan 142.000 700 Net Assets 339,800 413.500 Financed by 134.200 Additional Capital reduced by owner 200.000 Add: Net profil 200 Lokar Drawing 74.2009 Closing capital 339.800 "Acc. Dep.mean Accumulated Depreciation NBV mene Net Book Value PLEASE TURN OVER INTO C. 157.100 0.000 419.500 2907 730 3171 John Halep Income Statement extract for the year ended 31 May 2021 E Gross profit Decountries Profit Canon disposal of Future Rent received Total Income Less Expenses Other operating per 180,740 Depreciation Building 4300 Depreciation Machinery 21.400 Increase in allowances provision for bad and doutte detits 1200 Interest expense paid 2520 Net profit Notes: Furniture was sold for 45.000 Machinery costing E38.200 was brought during the year to 31 May 2021 21.1 352.400 19001 260.500 228.400 0.500 250.00 Current assets inventory Stock) 20.200 107 Accounts receivables Debtors) 48300 43100 Less Allowance for tad and doubletts (1.800 0.000 44500 4000 Bank 0 3.500 Cash 8.700 2200 152.400 225.900 Current Liabilities Accounts payable Creditor 40.800 34200 Bank overdratt 10.300 0 (51.100 34.2001 Working Capital 101300 191700 381.800 Non-current abilities Longo Loan 142 0000 Net Assets 339.800 450.500 Financed by Capel 131.200 Addition Capital introduced by owner 200.000 Add. Net profil 2.800 Less: Drawings 74.2001 Closing capital 339.100 "het Dec, mean commutated Depreciation BV Book Vale PLEASE TURN OVER CINTORY 100 52.000 157700 BOC 418 900 John Halep Income Statement extract for the year ended 31 May 2021 292.790 700 8.00 10000 Gross profit Discount received Prolt Goose Future Retro Total Income Lew: Expenses Other operating per 16700 Deprecation Building 4300 Depreciation Machinery 21.00 Inose saliowe provision for bestando 1200 Interesan pad 25 Net profit Notes: Furniture was sold for 4.000 Machinery costing C38.200 bought during the years 31 May 2020 20 107700 Required Prepare a Cash Fow Statement for the year ended 31 May 2011 by Using the Sancial statement above, cattate the following profile for both financial yn yr 31 May 2020 and your May 2021 Return on Capital Employed CROCE For the ratio calculated in ble which financial year the business performed better didentity two (2) advantage of Rato Anaye PLEASE TURN OVER marta INTO CUL

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Rethinking Clinical Audit Psychotherapy Services In The NHS

Authors: Rachael Davenhill, Matthew Patrick

1st Edition

0415162084, 978-0415162081

More Books

Students also viewed these Accounting questions

Question

=+12.2. Suppose that A 221, A( A) > 0, and 0 Answered: 1 week ago

Answered: 1 week ago