Please correct answer With Explanation After the pandemic conditions subsided, economic activity and transportation began to improve. Anton asa final semester literature student will try to start a Gojek business. With IDR 1,500,000 (including DP,admin fees, and credit insurance), he took a Honda motorcycle loan worth IDR 14,000,000 which will bepaid in installments for 2 years (remaining 23 installments) with principal installments plus interest of IDR850,000 per month. Gojek's average income is IDR 325,000 per day (25 working days). To eat 3 meals aday and fuel an average of IDR 75,000 and set aside daily money (personal wage) IDR 100,000 perworking day. Average monthly motorcycle service IDR 120.000. After 2 years the motorbike was worthselling IDR 8,000,000.a. Make a calculation of monthly cash flow and monthly profit and loss for 2 years.b. Make a balance sheet at the end of the 1st and 2nd yearc. Do you think Anton's plan is worth working on? Give your suggestions.

a. Monthly cash flow calculation: Average Income per day = IDR 325,000 Total Income per month = IDR…

Answered: After the pandemic conditions subsided,…

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter15: Taxing Business Income

Section: Chapter Questions

Problem 3DQ

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