Question: A company has bought a new computer system for cash
A company has bought a new computer system for cash at the beginning of its financial year at a cost of £30,000. It is expected to last 4 years with no value at the end of that period. What is the impact on the Income Statement, Balance Sheet and Cash Flow at the end of the year?
Relevant QuestionsRegal Farms Ltd has sales of £2.5 million, a gross profit of £1.7 million and expenses of £800,000. Regal has paid interest of £72,000 and has to provide for Corporations Tax of £310,000 and dividends of £300,000. ...Calculate the days’ sales outstanding, stock turn, days’ stock held and days’ purchases outstanding. Using the information provided above, calculate the cost of sales and inventory value using the weighted average method. The national Hospital Purchasing Authority is negotiating with Clinical Services to reduce its selling price by 20% although a volume of at least 1,200 kits per month has been promised. Should Clinical Services accept this ...a. Calculate the possible price/quantity combinations within the relevant range of production and the permissible pricing range and determine the optimum level of sales that will maximize profitability. b. What will be ...
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