For each of the following transactions, identify whether there is an increase or decrease in profit, cash flow, assets or liabilities:
Answer to relevant QuestionsThe following balances are shown in alphabetical order in a professional service firm’s ledger at the end of a financial year: Advertising ............ 15,000 Bank ................ 5,000 Capital ............... ...Thomas Investments has an operating profit for the year of £185,000. An examination of the Income Statement and Balance Sheet shows that depreciation was £65,000 taxation was £40,000 new capital investment was £100,000 ...XYZ Ltd’s Income Statement shows the following: Based on these figures, which of the following statements is true: d) Although the operating profit has increased, the operating margin has decreased as a result of a ...Opening stock is £350,000. Closing stock is £325,000. Purchases are £650,000. Sales are £1,000,000. The cost of sales is: d) £675,000 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 ...
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