Accounting In A Business Context 2nd Edition Aidan Berry, Robin Jarvis - Solutions

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Mr Chai has been trading for some years as a wine merchant. The following list of balances has been extracted from his ledger as at 30 April 19X7, the end of his most recent financial year.Capital Sales Trade creditors Returns out Provision for bad debts Discounts allowed Discounts received
OA The following trial balance has been extracted from the ledger of Mr Yousef a sole trader.Trial Balance as at 31 May 19X6 Dr Cr£ £Sales 138,078 Purchases 82,350 Carriage 5,144 Drawings 7,800 Rent, rates and insurance 6,622 Postage and stationery 3,001 Advertising 1,330 Salaries and wages
This question relates to worksheets, see page 181.From the following trial balance of John Brown, store owner, prepare a trading account and profit and loss account for the year ended 31 December 19X7, and a balance sheet as at that date, taking into consideration the adjustments shown below:Trial
T. Morgan, a sole trader, extracted the following trial balance from his books at the close of business on 31 March 19X9:Dr Cr£ £Purchases and sales 22,860 41,970 Stock 1 April 19X8 5,160 Capital 1 April 19X8 % 7,200 Bank overdraft 4,350 Cash 90 Discounts 1,440 930 Returns inwards 810 Returns
The following trial balance was extracted from the books of A.business on 28 February 19X7.Purchases and sales Cash at bank Cash in hand Capital account 1 March 19X6 Drawings Office furniture Rent Wages and salaries Discounts Debtors and creditors Stock 1 March 19X6 Provision for bad and doubtful
The owner of a small business selling and repairing cars, which you patronise has just received a copy of his accounts for the current year.He is rather baffled by some of the items and as he regards you as a financial expert, he has asked you to explain certain points of difficulty to him. This
Oriel Ltd, whose financial year runs fron 1 June to the following 31 May, maintains a combined Rent and Rates Accoufit in its ledger.Rent is fixed on a calendar year basis and is payable quarterly in advance. Rent was £2,400 for the year ended 31 December 19X8 and is £3,000 for the year ending 31
The two accounts below were taken from the books of a retailer at the end of his financial year, 31 December 19X7.Insurance Account Dr Cr 19X7 £ 19X7 £Jan 1 Balance 80 Dec 31 Profit and loss 530 Jan-Dec Bank 540 Dec 31 Balance c/d 90 620 620 Dec 31 Balance b/d 90 Rent Receivable Account Dr Cr
Three of the accounts in the ledger of Charlotte Williams indicated the following balances at 1 January 19X0:Insurance paid in advance £562;Wages outstanding £306;Rent receivable, received in advance £36.During 19X0 Charlotte:Paid for insurance £1,019, by bank standing order;Paid £15,000
J Owen’s year ended on 30 June 19X4. Write up the ledger accounts, showing the transfers to the final accounts and the balances carried down to the next year for the following:{a) Stationery: Paid for the year on 30 June 19X4 £855; Stocks of stationery at 30 June 19X3£290; at 30 June 19X4
The financial year of H Saunders ended on 31 December 19X6. Show the ledger accounts for the following items including the balance transferred to the necessary part of the final accounts, also the balances carried down to 19X7:(a) Motor expenses: Paid in 19X6 £744; Owing at 31 December 19X6
Mavron pic owned the following motor vehicles as at 1 April 19X6:Motor Date Cost Estimated Estimated Vehicle Acquired £ Residual Value fLife(years)AAT 101 1 October 19X3 8,500 2,500 5 DJH 202 1 April 19X4 12,000 2,000 8 Mavron pic’s policy is to provide at the end of each financial year
{a) Identify the four factors which cause fixed assets to depreciate.{b) Which one of these factors is the most important for each of the following assets?(i) a gold mine,(ii) a motor lorry,(hi) a 50 year lease on a building,(iv) land,(v) a ship used to ferry passengers and vehicles across a river
A company maintains its fixed assets at cost. Depreciation provision accounts for each asset are kept.At 31 December 19X8 the position was as follows:Total cost Total depreciation to date to date Machinery 52,590 25,670 Office Furniture 2,860 1,490 The following additions were made during the
(a) What is the meaning of depreciation?(b) Give three reasons why depreciation may occur.(c) Name two methods of depreciation.(d) In what way do you think the concept of consistency applies to depreciation?(e) ‘Since the calculation of depreciation is based on estimates, not facts, why bother to
A company maintains its fixed assets at cost. Depreciation provision accounts, one for each type of asset, are in use. Machinery is to be depreciated at the rate of 12Vi per cent per annum, and fixtures at the rate of 10 per cent per annum, using the reducing balance method.Depreciation is to be
A company starts in business on 1 January 19X3, the financial year end being 31 December. You are to show:{a) The machinery account{b) The provision for depreciation account(c) The balance sheet extracts for each of the years 19X3, 19X4, 19X5, 19X6.The machinery bought was:19X3 1 January 19X4 1
A company, which makes up its accounts annually to 31 December, provides for depreciation of its machinery at the'rate of 10 per cent per annum on the diminishing balance system.On 31 December 19X6, the machinery consisted of three items purchased as under:£On 1 January 19X4 Machine A Cost 3,000
A bulldozer costs £12,150. It will be kept for five years. At the end of that time agreement has already been made that it will be sold for £1,600. Show your calculations of the amount of depreciation each year if {a) the reducing balance method at a rate of 33 Vs per cent was used, {b) the
Mudgee Ltd issued the following invoices to customers in respect of credit sales made during the last week of May 19X7. The amounts stated are all net of Value Added Tax. All sales made by Mudgee Ltd are subject to VAT at 15%.Invoice No Date Customer Amount r3045 25 May Laira Brand t1,060.00 3046
Louise Baldwin commenced business as a wholesaler on 1 March 19X0.Her sales on credit during March 19X0 were:March 9 Neville’s Electrical 4 electronic typewriters list price £180 each, less 20% trade discount March 17 Maltby pic 20 computer printers list price £200 each, less 25% trade discount
The credit sales and purchases for the month of December 19X3 in respect of C Dennis & Son Ltd were:Net, after VAT trade discount 10%19X3 £ £Dec 1 Sales to M Morris 140 14 99 4 Sales to G Ford Ltd 290 29 99 5 Purchases from P Hillman & Son 70 7 99 8 Purchases from J Lancia 110 11 99 14 Sales to R
The following sales and purchases were made by R Colman Ltd during the month of May 19X6.Net VAT added 19X6 £ £May 1 Sold goods on credit to B Davies & Co 150 15>9 4 Sold goods on credit to C Grant Ltd 220 22>5 10 Bought goods on credit from:G Cooper & Son 400 40 J Wayne Ltd 190 19 14 Bought
On 1 March 19X6, C Black, Curzon Road, Stockport, sold the following goods on credit to J Booth, 89 Andrew Lane, Stockport SKI lAA, Order No. 1697.20,000 Coils Sealing Tape @ £4.40 per 1,000 coils 40,000 Sheets Bank A5 @ £4.50 per 1,000 sheets 24,000 Sheets Bank A4 @ £4.25 per 1,000 sheets All
19X7 Apr Show the journal entries necessary to record the following items:1 49 12 18 24 30 Bought fixtures on credit from J Harper £1,809.We take £500 goods out of the business stock without paying for them.£28 of the goods taken by us on 4 April is returned back into stock by us. We do not take
You are to show the journal entries necessary to record the following items:(a) 19X5 May 1 Bought a motor vehicle on credit from Kingston Garage for £6,790.(b) 19X5 May 3 A debt of £34 owing from H Newman was written off as a bad debt.(c) 19X5 May 8 Office furniture bought by us for £490 was
You are to open the books of K Mullings, a trader, via the journal to record the assets and liabilities, and are then to record the daily transactions for the month of May. A trial balance is to be extracted as on 31 May 19X6.19X6 May 1 Assets: Premises £2,000; Motor van £450; Fixtures £600;
You are to enter up the sales, purchases and the returns inwards and returns outwards journals from the following details, then to post the items to the relevant accounts in the sales and purchase ledgers. The total of the journals are then to be transferred to the accounts in the general
Enter up the sales journal and the returns inwards journal from the following details.Then post to the customer’s accounts and show the transfers to the general ledger.19X4 June 1 Credit sales to: A Simes £188; P Tulloch £60; J Flynn £77; B Lopez £88.„ 6 Credit sales to: M Howells £114; S
You are to enter up the purchases journal and the returns outwards journal from the following details, then to post the items to the relevant accounts in the purchases ledger and to show the transfers to the general ledger at the end of the month.19X7 May 1 710 18 95 25 31 Credit purchase from H
1.4A Classify the following items into liabilities and assets:{a) Motor vehicles(f) Owing to bank{b) Premises (g) Cash in hand(c) Creditors for goods (h) Loan from D Jones(d) Stock of goods (/) Machinery
F Dale has the following assets and liabilities as on 30 November 19X1:Creditors £3,950; Equipment £11,500; Motor vehicle £6,290; Stock of goods £6,150; Debtors£5,770; Cash at bank £7,280; Cash in hand £40.The capital at that date is to be deduced by you.During the first week of December
C Sangster has the following items in his balance sheet as on 30 April 19X4.Capital £18,900; Loan from T Sharpies £2,000; Creditors £1,600; Fixtures £3,500; Motor vehicle £4,200; Stock of goods £4,950; Debtors £3,280; Cash at bank £6,450; Cash in hand£120.During the first week of May 19X4
Complete the columns to show the effects of the following transactions:Effect upon Assets Liabilities Capital {a) Bought a motor van on credit £500.[b) Repaid by cash a loan owed to P Smith £1,000.(c) Bought goods for £150 paying by cheque.{d) The owner puts a further £5,000 cash into the
Complete the columns to show the effects of the following transactions:Effect upon Assets Liabilities Capital(a) We pay a creditor £70 in cash.{b) Bought fixtures £200 paying by cheque.(c) Bought goods on credit £275.id) The proprietor introduces another £500 cash into the firm.(e) J Walker
OA Draw up Kelly’s balance sheet as at 30 June 19X2 from the following items:£Capital 13,000 Office machinery 9,000 Creditors 900 Stock of goods 1,550 Debtors 275 Cash at bank 5,075 Loan from C Smith 2,000
Draw up A Foster’s balance sheet from the following as at 31 December 19X4.£Capital 23,750 Debtors 4,950 Motor vehicles 5,700 Creditors 2,450 Fixtures 5,500 Stock of goods 8,800 Cash at bank 1,250
Which of the following are shown under the wrong headings:Assets Liabilities Cash at bank Loan from J Graham Fixtures Machinery Creditors Motor vehicles Building Stock of goods Debtors Capital
State which of the following are shown under the wrong classification for J White’s business:Assets Liabilities Loan from C Smith Stock of goods Cash in hand Debtors Machinery Money owing to bank Creditors Premises Motor vehicles
Distinguish from the following list: the items that are liabilities from those that are assets:{a) Office machinery(d) Motor vehicles{b) Loan from C Shirley(e) We owe for goods(c) Fixtures and fittings (/) Bank balance(e) Debtors
You are to complete the gaps in the following table:Assets Liabilities Capital£ £ £(a) 55,000 16,900 }ib) ? 17,200 34,400 ic) 36,100 ? 28,500 id) 119,500 15,400 ?ie) 88,000 ? 62,000 if) ? 49,000 110,000
You are to complete the gaps in the following table:Assets Liabilities Capital£ £ £{a) 12,500 1,800 ?ib) 28,000 4,900 ?(c) 16,800 ? 12,500(d) 19,600 ? 16,450 ie) ? 6,300 19,200 if) ? 11,650 39,750
Louise Baldwin commenced business as a wholesaler on 1 March 19X0.Her sales on credit during March 19X0 were:March 9 Neville’s Electrical 4 electronic typewriters list price £180 each, less 20% trade discount March 17 Maltby pic 20 computer printers list price £200 each, less 25% trade discount
Mudgee Ltd issued the following invoices to customers in respect of credit sales made during the last week of May 19X7. The amounts stated are all net of Value Added Tax. All sales made by Mudgee Ltd are subject to VAT at 15%.Invoice No Date Customer Amount r3045 25 May Laira Brand t1,060.00 3046
A firm makes a provision for bad debts of 5 per cent of debtors, also a provision of 2X/l per cent for discount on debtors.On 1 January 19X7 the balances brought forward on the relevant accounts were provision for bad debts £672 and provision for discounts on debtors £631.You are required
The balance sheet as at 31 May 19X7 of Forest Traders Limited included a provision for doubtful debts of £2,300. The company’s accounts for the year ended 31 May 19X8 are now being prepared. The company’s policy now is to relate the provision for doubtful debts to the age of debts outstanding.
A business, which started trading on 1 January 19X5, adjusted its bad debt provisions at the end of each year on a percentage basis, but each year the percentage rate is adjusted in accordance with the current ‘economic climate’. The following details are available for the three years ended 31
The credit sales and purchases for the month of December 19X3 in respect of C Dennis & Son Ltd were:Net, after VAT trade discount 10%19X3 £ £Dec 1 Sales to M Morris 140 14 99 4 Sales to G Ford Ltd 290 29 99 5 Purchases from P Hillman & Son 70 7 99 8 Purchases from J Lancia 110 11 99 14 Sales to R
The following sales and purchases were made by R Colman Ltd during the month of May 19X6.Net VAT added 19X6 £ £May 1 Sold goods on credit to B Davies & Co 150 15>9 4 Sold goods on credit to C Grant Ltd 220 22>5 10 Bought goods on credit from:G Cooper & Son 400 40 J Wayne Ltd 190 19 14 Bought
On 1 March 19X6, C Black, Curzon Road, Stockport, sold the following goods on credit to J Booth, 89 Andrew Lane, Stockport SKI lAA, Order No. 1697.20,000 Coils Sealing Tape @ £4.40 per 1,000 coils 40,000 Sheets Bank A5 @ £4.50 per 1,000 sheets 24,000 Sheets Bank A4 @ £4.25 per 1,000 sheets All
On 1 March 19X6, C Black, Curzon Road, Stockport, sold the following goods on credit to J Booth, 89 Andrew Lane, Stockport SKI lAA, Order No. 1697.20,000 Coils Sealing Tape @ £4.40 per 1,000 coils 40,000 Sheets Bank A5 @ £4.50 per 1,000 sheets 24,000 Sheets Bank A4 @ £4.25 per 1,000 sheets All
You are to enter up the sales, purchases and the returns inwards and returns outwards journals from the following details, then to post the items to the relevant accounts in the sales and purchase ledgers. The total of the journals are then to be transferred to the accounts in the general
From the following trial balance of B Webb, extracted after one year’s trading, prepare a trading and profit and loss account for the year ended 31 December 19X6. A balance sheet is not required.Trial Balance as on 31 December 19X6 Dr Cr£ £Sales 18,462 Purchases 14,629 Salaries 2,150 Motor
(a) Businesses often create a provision for bad debts.%(i) Of which concept (or convention) is this an example? Explain your answer.(H) What is the purpose of creating a provision for bad debts?(Hi) Flow might the amount of a provision for bad debts be calculated?(b) On 1 January 19X8 there was a
A business started trading on 1 January 19X6. During the two years ended 31 December 19X6 and 19X7 the following debts were written off to bad debts account on the dates stated:31 August 19X6 W Best 30 September 19X6 S Avon 28 February 19X7 L J Friend 31 August 19X7 N Kelly 30 November 19X7 A
A company, which makes up its accounts annually to 31 December, provides for depreciation of its machinery at the'rate of 10 per cent per annum on the diminishing balance system.On 31 December 19X6, the machinery consisted of three items purchased as under:£On 1 January 19X4 Machine A Cost 3,000
A company starts in business on 1 January 19X3, the financial year end being 31 December. You are to show:{a) The machinery account{b) The provision for depreciation account(c) The balance sheet extracts for each of the years 19X3, 19X4, 19X5, 19X6.
A company maintains its fixed assets at cost. Depreciation provision accounts, one for each type of asset, are in use. Machinery is to be depreciated at the rate of 12Vi per cent per annum, and fixtures at the rate of 10 per cent per annum, using the reducing balance method.Depreciation is to be
(a) What is the meaning of depreciation?(b) Give three reasons why depreciation may occur.(c) Name two methods of depreciation.(d) In what way do you think the concept of consistency applies to depreciation?(e) ‘Since the calculation of depreciation is based on estimates, not facts, why bother to
A company maintains its fixed assets at cost. Depreciation provision accounts for each asset are kept.At 31 December 19X8 the position was as follows:Total cost Total depreciation to date to date Machinery 52,590 25,670 Office Furniture 2,860 1,490 The following additions were made during the
{a) Identify the four factors which cause fixed assets to depreciate.{b) Which one of these factors is the most important for each of the following assets?(i) a gold mine,(ii) a motor lorry,(hi) a 50 year lease on a building,(iv) land,(v) a ship used to ferry passengers and vehicles across a river
Mavron pic owned the following motor vehicles as at 1 April 19X6:Motor Date Cost Estimated Estimated Vehicle Acquired £ Residual Value fLife(years)AAT 101 1 October 19X3 8,500 2,500 5 DJH 202 1 April 19X4 12,000 2,000 8 Mavron pic’s policy is to provide at the end of each financial year
A firm buys a fixed asset for £10,000. The firm estimates that the asset will be used for 5 years. After exactly IVl years, however, the asset is suddenly sold for £5,000. The firm always provides a full year’s depreciation in the year of purchase and no depreciation in the year of
Enter up a three-column cash book from the details following. Balance off at the end of the month, and show the relevant discount accounts as they would appear in the general ledger.19X7 May 1 Started business with £6,000 in the bank.„ 1 Bought fixtures paying by cheque £950.„ 2 Bought goods
Enter up the sales journal and the returns inwards journal from the following details.Then post to the customer’s accounts and show the transfers to the general ledger.19X4 June 1 Credit sales to: A Simes £188; P Tulloch £60; J Flynn £77; B Lopez £88.„ 6 Credit sales to: M Howells £114; S
You are to enter up the purchases journal and the returns outwards journal from the following details, then to post the items to the relevant accounts in the purchases ledger and to show the transfers to the general ledger at the end of the month.19X7 May 1 710 18 95 25 31 Credit purchase from H
A Henriques has the following purchases and sales for May 19X6:19X6 May 1 79 16 23 31 Sold to M Marshall: brass goods £24, bronze items £36. Less 25 per cent trade discount.Sold to R Richards: tin goods £70, lead items £230. Less 33V3 per cent trade discount.Bought from C Clarke: tin goods
C Phillips, a sole trader, has the following purchases and sales for March 19X5:Mar 1 Bought from Smith Stores: silk £40, cotton £80. All less 25 per cent trade discount.,, 8 Sold to Grantley: linen goods £28, woollen items £44. No trade discount.,, 15 Sold to A Henry: silk £36, linen £144,
A Rowland has the following purchases for the month of June 19X9:19X9 June 2 From C Lee: 2 sets golf clubs at £250 each. 5 footballs at £20 each. Less 25 per cent trade discount.„ 11 From M Elliott: 6 cricket bats at £20 each, 6 ice skates at £30 each, 4 rugby balls at£25 each. Less 25 per
B Mann has the following purchases for the month of May 19X4:19X4 May 1 From K King: 4 radios at £30 each, 3 music centres at £160 each. Less 25 per cent trade discount.„ 3 From A Bell: 2 washing machines at £200 each, 5 vacuum cleaners at £60 each, 2 dishwashers at £150 each. Less 20 per
J Fisher, White House, Bolton, is selling the following items, the retail prices as shown:plastic tubing at £1 per metre, polythene sheeting at £2 per length, vinyl padding at £5 per box, foam rubber at £3 per sheet. He makes the following sales:19X5 June 1 To A Portsmouth, 5 Rockley Road,
F Benjamin of 10 Lower Street, Plymouth, is selling the following items, the recommended retail prices as shown: white tape £10 per roll, green baize at £4 per metre, blue cotton at £6 per sheet, black silk at £20 per dress length. He makes the following sales:19X7 May 1 20 31 To F Gray, 3
Enter up the sales journal from the following, then post the items to the relevant accounts in the sales ledger. Then show the transfer to the sales account in the general ledger.19X8 Mar 1 Credit sales to J Johnson £305„ 3 Credit sales to T Royes £164„ 5 Credit sales to B Howe £45„ 7
You are to enter up the sales journal from the following details. Post the items to the relevant accounts in the sales ledger and then show the transfer to the sales account in the general ledger.19X6 Mar 1 Credit sales to J Gordon)) 3 Credit sales to G Abrahams 5? 6 Credit sales to V White 55 10
Enter the following in a three-column cash book. Balance off the cash book at the end of the month and show the discount accounts in the general ledger.19X8 June 1 Balances brought forward: Cash £97; Bank £2,186.„ 2 The following paid us by cheque in each case deducting a 5 per cent cash
A three-column cash book is to be written up from the following details, balanced off and the relevant discount accounts in the general ledger shown.19X5 Mar 1 95 99 46 899 99 99 99 10 12 15 18 99 99 21 24 25 29 31 Balances brought forward: Cash £230; Bank £4,756.The following paid their accounts
Write up a two-column cash book from the following:93 39 19X6 Nov 1„ 2 34 56 79 11 12 14 16 20 28 30 Balance brought forward from last month: Cash £105: Bank £2,164.Cash Sales £605.Took £500 out of the cash till and paid it into the bank.J Matthews paid us by cheque £217.We paid for postage
Write up a two-column cash book from the following details, and balance off as at the end of the month:19X5 May>9 99 99 99 99 99 99 99 99 12 34 57 911 15 16 19 22 26 30 31 19X6 Mar 1 99 99 99 99 99 99 99 99 99 23 57 812 17 20 22 24 28 31 Balances brought down from last month:Cash in hand £56: Cash
L Stokes drew up the following trial balance as at 30 September 19X8. You are to draft the trading and profit and loss account for the year to 30 September 19X8 and a balance sheet as at that date.Dr Cr£ £Loan from P Owens 5,000 Capital 25,955 Drawings 8,420 Cash at bank 3,115 Cash in hand 295
From the following trial balance of C Worth after his first year’s trading, you are required to draw up a trading and profit and loss account for the year ended 30 June 19X4. A balance sheet is not required.Trial Balance as on 30 June 19X4 Dr Cr Sales Purchases Rent Lighting and heating expenses
From the following trial balance of F Chaplin drawn up on conclusion of his first year in business, draw up a trading and profit and loss account for the year ended 31 December 19X8. A balance sheet is not required.Trial Balance as on 31 December 19X8 Dr Cr£ £General expenses 210 Rent 400 Motor
Extract a trading and profit and loss account for the year ended 30 June 19X4 for F Kidd. The trial balance as at 30 June 19X4 after his first year of trading, was as follows:Dr Cr£ £Rent Insurance Lighting and heating expenses Motor expenses Salaries and wages Sales Purchases Sundry expenses
Complete question
by drawing up a balance sheet as at 31 December 19X6. 8.2 Complete question?
by drawing up a balance sheet as at 30 June 19X4. 8.3 Complete question 7.3A by drawing up a balance sheet as at 31 December 19X8.
Complete question 7.4A by drawing up a balance sheet as at 30 June 19X4.
From the following details draw up the trading account of T Clarke for the year ended 31 December 19X3, which was his first year in business:£Carriage inwards 670 Returns outwards 495 Returns inwards 890 Sales 38,742 Purchases 33,333 Stocks of goods: 31 December 19X3 7,489
The following details for the year ended 31 March 19X8 are available. Draw up the trading account of K Taylor for that year.£Stocks: 31 March 19X8 18,504 Returns inwards 1,372 Returns outwards 2,896 Purchases 53,397 Carriage inwards 1,122 Sales 54,600
From the following trial balance of R Graham draw up a trading and profit and loss account for the year ended 30 September 19X6, and a balance sheet as at that date.Dr Cr£ £Stock 1 October 19X5 2,368 Carriage outwards 200 Carriage inwards 310 Returns inwards 205 Returns outwards 322 Purchases
The following trial balance was extracted from the books of B Jackson on 30 April 19X7. From it, and the notes, prepare his trading and profit and loss account for the year ended 30 April 19X7, and a balance sheet as at that date.Dr Cr£ £Sales 18,600 Purchases 11,556 Stock 1 May 19X6 3,776
The following is the trial balance of J Smailes as final accounts for the year ended 31 March 19X6.at 31 March 19X6. Draw up a set of Dr Cr£ £Stock 1 April 19X5 18,160 Sales 92,340 Purchases 69,185 Carriage inwards 420 Carriage outwards 1,570 Returns outwards 640 Wages and salaries 10,240 Rent
What is the effect on the value of the firm and shareholders' wealth if an investment opportunity with an NPV of £5000 is accepted?
In the employment of DCF investment appraisal methods, explain why cash flows are used rather than accounting profits.
What is the meant by discounting cash flow? Why is it necessary to discount cash flows?
Discuss the main attributes of the ARR and payback methods.
Explain the main differences between DCF methods of investment appraisal and ARR.
Describe the main differences in the budgeting process for a small retail firm and a large manufacturing firm.
In the context of decision making explain the meaning of:• sunk costs;e differential costs;e avoidable and unavoidable costs;• opportunity costs.
What are the problems associated with CVP analysis in a multiproduct firm?
Would it be a worthwhile policy to introduce advertising at a cost of£1200 and to increase sales output from

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Accounting In A Business Context 2nd Edition Aidan Berry, Robin Jarvis - Solutions

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