Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following is the balance sheet of X Ltd. as at 30 June 2010:
Liabilities
Assets
Issued Share
Sundry Assets
2,39,500
Capital:
5007%
50,000
Buildings
Preference
Preliminary
5,000
Shares of !100
Expenses
Each Fully Paid
P&L A/c
16,750
750 Equity
71,250
Shares of Rs. 100
Each, Rs. 95 Paid
5% Debentures
1,00,000
Loan on
40,000
Mortgage
Bank A/c
12,500
Creditors
??00
Included
Rs. 27,500 for the
Assets Tax
3,11,250
3,1,250
The mortgage was secured on the buildings and debentures were secured by a floating charge on the "sundry assets". The debenture holders appointed a receiver who took charge of the sundry assets amounting to Rs.1,57,500. A liquidator was also appointed as the Company went into voluntary liquidation. The receiver realized the assets for Rs.1,47,500 and his costs and remuneration were Rs.750 and Rs.1,000, respectively. Rs.45,000 was realized from buildings and Rs.72,500 from the sale of remaining sundry assets. The bank had the guarantee of the directors amounting to Rs.11,000 which was duly honoured by them. The cost of liquidation was Rs.1,500 and the liquidator's remuneration amounted to Rs.625. Prepare the receiver's receipts and payments account and liquidator's final statement of account.
Discuss the merits of Bernstein"s arguments and apprehensions regarding reserves and explain how this perspective can be factored into an analysis of past earnings trends, estimates of future earnings, and the valuation of common stock.
Computation of default risk premium - What is its default risk premium?
An investment of $5,000 is made at interest rate of 5% compounded semi-annually.
Briefly explain the implications of the Company's selection of an expected return on pension plan assets on the quality of the company's earnings
Computation of profit margin of College at given strength of students and With the increase in scholarship money the school expects an increase in enrollment to 125 students for the year. Should the college accept the grant? Explain the basis for ..
Discuss main premise underlying the pecking order theory and also explain the "pecking order" of sources of financing?
Wolfrum technology has no debt. Its assets wiil be worth $450 million in one year if the economy is strong, but only $200 million in one year if the economy is weak.
The lengths of human pregancies are normally distributed with a mean of 268 days and a standard deviation of 15 days.
What is the total interest expense over the life of the bonds cash interest payments? Premium amortization?
Show the graph showing total cost expenditures for different numbers of testers employed and If Globus's goal is to minimize labor costs, how many testers should they use to carry out the testing effort? Explain your rationale.
an inventory turnover of 6 times, total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich's annual sales and its DSO? Assume a 365-day year.
Best Hardware is planning financing for 2 activities. The 1st activity deals with the expansion of the business' warehouse to house inventory as demand is increasing.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd