Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Joint text on questions 8-11 The management of a limited company wants to evaluate how their company has developed financially during the past financial year.

image text in transcribedimage text in transcribed

Joint text on questions 8-11 The management of a limited company wants to evaluate how their company has developed financially during the past financial year. Unfortunately, they do not have any further order on their financial records, so they give you a list of unsystematic information regarding the financial year. All amounts are in SEK thousand. Assume that all sales are subject to VAT and that the VAT tax rate is 25%. wwwwwwww wwwwww wwwwwwwwwwwwwwwwwwwwwww Customer payments Sales (excluding VAT) Impairment of fixed assets Cost of goods sold Personnel costs Paid for salaries during the year Incoming fixed assets Discontinued fixed assets Incoming accounts receivable Interest expense Incoming Equity Incoming bank loans Outgoing bank loans Taking out a new bank loan Tax cost Rights issue VAT debt Share dividend This year's investments 1 290 1 847 1601 395 450 215 1201 330 575 301 1201 500 475) 1000 185 30 8 101 3701 wwwwwwwwwwww wwwwwwwwwwww wwwwwww Wwwwwwwwwww www www www wwwwwwwwwwwwwwwwwwwwwwwww Question 8 (3 points) Based on the above information, the company management wishes you to state how large the company's reported accounts receivable should be at the end of the financial year. Answer in SEK thousand. Question 9 (3 points) How much is the total value of the company's repayments during the year? Answer in SEK thousand. Question 10 (2 points) What is the total amount debited to the account "accounts receivable" during the financial year? Answer in SEK thousand. Question 11 (2 points) What is the total amount debited to the "equity" account during the financial year? Answer in SEK thousand

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_2

Step: 3

blur-text-image_3

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

Accounting

Authors: Carl S. Warren, Philip E. Fess, James M. Reeve, C.Rollin Niswonger, Jim Reeve

18th Edition

0538839333, 978-0538839334

More Books

Students explore these related Accounting questions

Question

cs but no term term from ax2 bx c 1

Answered: 3 weeks ago

Question

=+How can I use it in a new way?

Answered: 3 weeks ago