FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The forecasts of Mojo Limited for 2023 for the only product that it manufactures are as follows: Operating expenses R700 000 , Interest income R25

image text in transcribed

The forecasts of Mojo Limited for 2023 for the only product that it manufactures are as follows: Operating expenses R700 000 , Interest income R25 000 and Profit after tax R176 400. If the company tax is calculated at 30\% of the pre-tax profit, how much is the expected gross profit for 2023? A. R927000 B. R904 320 C. R977 000 D. R954 320

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

Step: 3

blur-text-image

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

Auditing A Practical Manual For Auditors

Auditing A Practical Manual For Auditors

Authors: Lawrence Robert Dicksee

1st Edition

1360462546, 978-1360462547

More Books

Students also viewed these Accounting questions

Question

★★★★★
Compare the GAAP hierarchy for the federal government to that for state and local governments (see Chapter 11).

Answered: 1 week ago

Question

★★★★★
(d) AFS uses callback to ensure cache consistency. How does AFS deal with the risk that callback messages may be lost?(f) What is the mechanism used in NFS and AFS, respectively, to maintain the...

Answered: 1 week ago

Question

★★★★★
. Analyze the situation in terms of the key guidelines for managing crossfunctionally as presented in this section. Find specific ways in which the situation is being managed well, as well as...

Answered: 1 week ago

Question

★★★★★
Suppose an initial investment of $100 will return $50/year for three years (assume the $50 is received each year at the end of the year). Is this a profitable investment if the discount rate is 20%?

Answered: 1 week ago

Question

★★★★★
Farrow Company reports the following annual results. Contribution Margin Income Statement Per Unit Annual Total Sales ( 4 6 0 , 0 0 0 units ) $ 1 5 . 0 0 $ 6 , 9 0 0 , 0 0 0 Variable costs Direct...

Answered: 1 week ago

Question

★★★★★
(TCO 2) ABC Company applies manufacturing overhead based on direct labor hours. Information concerning manufacturing overhead cost and direct labor for August follows. Estimated Actual Overhead...

Answered: 1 week ago

Question

★★★★★
Compute the interest rate if future value (FV) = $7,198, present value (FV) = $2,694, and number of years (t) = 9. (Do not round intermediate calculations and round your answers to 2 decimal places,...

Answered: 1 week ago

Question

★★★★★
The U.S. dollar has been steadily strengthening with respect to the Hong Kong dollar. A U.S. parent has a Hong Kong subsidiary. The subsidiary has positive net assets and its monetary assets are less...

Answered: 1 week ago

Question

★★★★★
What does RRAM stand for?Where is it used?What are its applications?

Answered: 1 week ago

Question

★★★★★
Which are non projected Teaching aids in advance learning system?

Answered: 1 week ago

Question

★★★★★
Define banking. Define negotiable instruments. What is core banking solutions? Expand SWIFT. What is RTGS ? What do you mean by particular lien ? Define risk. What is underwriting in insurance?...

Answered: 1 week ago

Previous Question Next Question