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Question - You have been given the following information for WCL Limited: Per Unit - Raw materials 160, Direct labour 60, Overheads 120, Total cost 340, Profit 60, Selling price 400. Raw materials are held in stock on an average for one month. Materials are in process on an average for half-a-month. Finished goods are in stock on an average for one month. Credit allowed by suppliers is one month and credit allowed to debtors is two months. Time lag in payment of wages is 1½ weeks. Time lag in payment of overhead expenses is one month. One fourth of the sales are made on cash basis. Cash in hand and at the bank is expected to be $50,000; and expected level of production amounts to 104,000 units for a year of 52 weeks. You may assume that production is carried on evenly throughout the year and a time period of four weeks is equivalent to a month. Calculate the amount of working capital requirement for WCL Limited.
Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2012
Mark buys two contracts at $557.50 (Australian dollar). On the delivery date of the contracts, the price increased to $560.50. How much money did Mark make?
design flooring carpet company manufactures carpets.fiber is placed in process in the spinning department where it is
Prepare the appropriate entries for both Western Soya and Rhone-Metro on December 30, 2014, assuming the BPO is exercised on that date.
Depreication was computed by the 150% declining-balance method. What is the amount of accumulated depreciation at the end of December 31, 2013
Cheng Company traded a used truck for a new truck. The used truck cost $30,000 and has accumulated depreciation of $27,000. The new truck is worth $37,000.
Accounts Receivable (August 31) $48,000. Calculate the budgeted beginning balance in units for finished goods inventory on November 1
crystal telecom has budgeted the sales of its innovative mobile phone over the next four months as followssales in
Use this information to make Alpha Company's General Journal entries (without explanation) for May 2 & May 3 entries
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Determine the working capital and current ratios for 2004, 2005, and 2006 for the Target Corporation based on the information contained in the consolidated balance sheets in Appendix A.
When a change in the tax law or rates occurs, the effect of the change on a deferred tax liability or asset must be recognized as an adjustment as of the:
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