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Punica oase Ltd is a startup company. For their first year, the year 2019, they are selling a lemonade soft drink in a beach bar at tropical holiday resort.
Punica oase Ltd is buying the soft drink from a local supplier at 8 BEF for 1 can( BEF= Local currency) At the beginning of the year 2019, Punica oase Ltd had 187 cans in stock and during the 2019 they bought 1,920 and sold 1,924 cans at sales price of 23BEF.
Punica oase Ltd is renting the bar for an amount of 7000 BEF a year. There is one employee working in the bar, and the salary for one year is 8000 BEF.
Punica Oase Ltd only has one investment in equipment. Punica Oase Ltd invested in a new refrigerator, the purchase price of the refrigerator was 24000 EUR and this equipment is amortized at 3 years. Corporate taxation is 23%.
Problem 1: Calculate the profit of the year after corporate tax for the year 2019 (in BEF)
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