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On 1.4.2008, Mrs. Parul commenced business. She did not maintain proper books of accounts. At the end of the year following information was obtained after going through the records:
Rs
Capital contributed Mrs. Parul
2,00,000
Balance of Cash sales
1,56,000
Collection from Debtors
Payment to Creditors
3,00,000
Payment of Salary
70,000
Purchase of Furniture
20,000
Prepare Trading and Profit and Loss Account for the year ended 31.3.2009 and a Balance Sheet as on that date.
The following defined pension information of Doreen Corporation apply to the year 2008. For 2008, make a pension sheet for firm that demonstrate journal entry for pension expense.
Returned merchandise will represent 2 percent of total sales and evaluate what is your net dollar sales projection for this year?
Common Stock of Coquihalla Company will pay a dividend of dollar 8.00 in the upcoming year, & dividends are expected to grow 5 percent per year in the future.
GRP Company has $500,000 in a bank account paying 0.35 percent yearly interest. As an option to leaving the money in account, the firm is planning investing the entire amount for 5-years.
The purpose of the Session Long Project is to give you the opportunity to explore the applicability of the Module to your own life, work, and place in space and time,
Suppose you borrow $350000 to create a new home. The bank charges an interest rate of 5 percent compounded monthly. If you pay back the loan after 25 years find your monthly payments.
Board Bagels, a small cafe in downtown Pittsburgh, had a net sales of dollar 230,000 for the most recent fiscal year, 65 percent of which were eaten up by its expenses.
Income Statement from incomplete info from balance sheet and Using the balance sheet equation, compute net income for the past year
Discuss the main sources of funds for commercial banks and how an environment of low interest rates could pose problems for a commercial banks liquidity?
Assign administrative overhead costs to the two product lines based on ABC, using the cost drivers designated in the data provided above. Determine the profitability of each product line (in dollars and percentages)
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Explain the two distinct sets of project options dealt with in every evaluation. In your description, identify an example of each set.
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