Question 36 Which of the following is correct? Not yet answered Marked out of 2.0 O a. Both are for a particular date. O b. A statement of Financial Position is for a particular date, an Income Statement is for a period. OC. A statement of Financial Position is for a period, an Income Statement is for a particular date. O d. Both are for a particular period. P Hag question Question 37 Not yet answered Marked out of 20 Roehampton Business Society (RBS) is planning to host a socially distance party after the exam period. The executive committee have the following estimates for revenue and expense: Hire of multi purpose hall 3,800; private security expense - 2.450, Cost of the hiring a local band - 12,500; Professi MC & DJ - 5000; Tickets are priced at 25 each. On arrival, every ticket holder will be given a wrist band, face mask and box of sandwich all valued at 5. If RBS sells 1,500 tickets as they anticipate, what target profit will be generated? ws P Flag question O a 68,750 Ob 1,500 O c 37,500 od 6,250 Timelert 30 38 If non-current assets are 250,000, current assets 70,000, long-term borrowing f50,000 and current liabilities 10,000, what is the value of owner's equity? Note Marked out of 20 O a C270,000 Ob 240,000 F Gestion Oc120,000 Od 260,000 Os 39 Rott wered e out of 20 A business has a motor vehicle worth 5,000 and equipment worth 10,000. It has 500 cash. The business owes 10,000 to its suppliers and is owed 25,000 from its customers, has a 500 overdraft and has 1,000 outstanding on a loan. How much capital does the business have? O 14.000 Pog 49.000 O. 29.000 Od 29.500 40 Operating profits found in the income Statement. Which of the following is NOT included in to calculation howed Marked out of 30 Depreciation Ob Cost of Goods Sold Find Question Oc Operating Expenses Od Current Liabilities