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Parts a and b please HouseToHome has four key areas of Non-Current Assets, as shown in the table below. Set up calculations that will calculate
Parts a and b please
HouseToHome has four key areas of Non-Current Assets, as shown in the table below. Set up calculations that will calculate the depreciation for the current year for these assets. [15 marks] b) Preparing the Statement of Profit or Loss You are given the following additional information: - Costs of Manufacturing Staff are equal to 12% of the cost of raw materials for each month. - Distribution costs each month are equal to 15% of the Revenue for that month - Administration Expenses in January were 12432. In each subsequent month, these costs increase by 1% compared with those of the previous month. - The Inventory at the start of the year was 82432 . At the end of the year, Inventory was 84081. - There is an outstanding Loan of 500000 , on which interest of 2% a year is due. - Tax is charged at 19% of Net Profit Before Tax. Prepare a table setting out the Revenue, Purchases, Manufacturing Staff Costs, Distribution Costs and Administration Expenses for each month of the year. Prepare the Statement of Profit or Loss for the Year. HouseToHome has four key areas of Non-Current Assets, as shown in the table below. Set up calculations that will calculate the depreciation for the current year for these assets. [15 marks] b) Preparing the Statement of Profit or Loss You are given the following additional information: - Costs of Manufacturing Staff are equal to 12% of the cost of raw materials for each month. - Distribution costs each month are equal to 15% of the Revenue for that month - Administration Expenses in January were 12432. In each subsequent month, these costs increase by 1% compared with those of the previous month. - The Inventory at the start of the year was 82432 . At the end of the year, Inventory was 84081. - There is an outstanding Loan of 500000 , on which interest of 2% a year is due. - Tax is charged at 19% of Net Profit Before Tax. Prepare a table setting out the Revenue, Purchases, Manufacturing Staff Costs, Distribution Costs and Administration Expenses for each month of the year. Prepare the Statement of Profit or Loss for the YearStep by Step Solution
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