Question
Please answer all the questions on the multiple-choice 1. Maimouna Company is providing the following information to you in an intention to calculate the total
Please answer all the questions on the multiple-choice
1. Maimouna Company is providing the following information to you in an intention to calculate the total cost of the company. The cost of the machinery is OMR 50,000 where estimated life is 5 years, Material Used OMR 40,000, Labour OMR 20,000 and Variable Overheads OMR 30,000. Determine the total cost.
a.
OMR 80,000
b.
None of the options
c.
OMR 180,000
d.
OMR 100,000
2. UAE ceramics LLC has average inventory conversion period of 72 days, average payment period of 62.5 days, cash conversion cycle of the company is 90 days. Find out the Average collection period of the company?
a.
+ 96.5 days
b.
+ 99.5 days
c.
80 days
d.
+ 80.5 days
3. Estimate the compound interest along with principal payable in second year when amount of loan is OMR 10000 at 8% interest.
a.
11664
b.
11800
c.
12975.62
d.
None of the options
Step 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