Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

YZ Co. Ltd. Which deals with electrical and electronics maintenance and general supply, for year ending 2018 YZ was having the following business information.

image text in transcribed

YZ Co. Ltd. Which deals with electrical and electronics maintenance and general supply, for year ending 2018 YZ was having the following business information. During the given year YZ CO. LTD in order to expand its production, YZ secured 4,000,000Tsh loan with 17% accumulated interest rate per year, which must be paid in FOUR years with monthly annuity. where it was managed to repair 18 machines at 125,000 Tsh per each machine and delivered 10 automatic gates systems where each system was sold at 87,000 Tsh During machine pair and automatic gate delivery up to commissioning the following expenses was incurred material cost 400,000, utilities 125,000, labour charge 300,000, rent 230,000 marketing 93,700, transportation 185,300 machine depreciation 234,500 after sales service 93,500. And during profit planning 65% retained in capital at the end of the year YZ was having Cash was total annuity for 12 months of the year 753850 Equipment 1,027,026 Account payable Capital (at the beginning of the month) 1,236,970 Account receivable 1,090,000 Inventory 1,147,800 Prepaid Insurances 112,000 From the data above calculate the following 1. Interest. (3MARKS) 2. Future value (3MARKS) 3. Monthly annuity (4MARKS) 4. YZ Income statement. (3MARKS) 5. YZ Balance Sheet. (4 MARKS) 6. What is depreciation (3 MARKS)

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

Managerial Accounting Creating Value in a Dynamic Business Environment

Authors: Ronald W. Hilton

9th edition

78110912, 978-0078110917

More Books

Students also viewed these Accounting questions

Question

Why is common law sometimes referred to as unwritten law?

Answered: 1 week ago