Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Need help, what is the value (estimate) of this company? please show workings 5. A salary has also been included from the August 2018 payroll
Need help, what is the value (estimate) of this company? please show workings
5. A salary has also been included from the August 2018 payroll of 8,400 for 2018/19, and that will be included on your tax return. 6. We have included an amount of 216 for the year as "use of home as office expense". Summary of the Accounts: 2018 2017 Sales 63,289.00 46,139.00 Costs (46,774.00) (19,671.00) Profit before tax 16,515.00 26,468.00 Tax (3,201.00) (5,224.00) Profit after tax 13,314.00 21,244.00 Dividends (13,500.00) (20,000.00) Retained profit for year (186.00) 1,244.00 Retained profit at year end (186.00) 1,244.00 Share capital 100.00 100.00 Total Net Assets (86.00) 1,344.00 1,258.00 5. A salary has also been included from the August 2018 payroll of 8,400 for 2018/19, and that will be included on your tax return. 6. We have included an amount of 216 for the year as "use of home as office expense". Summary of the Accounts: 2018 2017 Sales 63,289.00 46,139.00 Costs (46,774.00) (19,671.00) Profit before tax 16,515.00 26,468.00 Tax (3,201.00) (5,224.00) Profit after tax 13,314.00 21,244.00 Dividends (13,500.00) (20,000.00) Retained profit for year (186.00) 1,244.00 Retained profit at year end (186.00) 1,244.00 Share capital 100.00 100.00 Total Net Assets (86.00) 1,344.00 1,258.00Step 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