The Shelle-Macke Mining Co. mines Slomac, a commonly used mineral. For the years 2019 and 2020, the company's comparative report of operations showed: Sales Cost of Sales Gross Profit 2019 2020 Increase (Decrease) P510,000 6,885,000 (2,565,000) P2,025,000 P3,075,000 P8,400,000 P8,910,000 9,450,000 P(1,050,000)
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- F Question Viewer Cost of Goods Sold - Depreciation = EBIT - Taxes (20%). = Unlevered net income + Depreciation - Additions to Net Working Capital - Capital Expenditures = Free Cash Flow Year 0 A. 17% B. 30% C. 25% D. 22% _-400000_ Year 1 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 Year 2 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 Year 3 424897.541 - 165000 - 85000 174897.541 - 34979.508 139918.033 85000 - 20000 204918.033 204918.033 204918.033 Visby Rides, a livery car company, is considering buying some new luxury cars. After extensive research, they come up with the above estimates of free cash flow from this project. By how much could the discount rate rise before the net present value (NPV) of this project is zero, given that it is currently 8%?Question 5 (Marks: 30)Consider the info provided below as well as the financial statements and answer the questionsthat follow. Pearson & Litt is a manufacturing company in the Eastern Cape. Their factory manufactures glasswine bottles for the Blue Valley Beer Co. 2019 2020Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 00018; 19; 20 2020© The Independent Institute of Education (Pty) Ltd 2020Page 11 of 12Q.5.1Q.5.1.1 Calculate the break‐even point for Pearson & Litt for 2019 and 2020. (7)Q.5.1.2 Compare the results of the 2019 and 2020 break‐even point and explainwhy there might be a difference.(3)Q.5.2 The current ratio reflects the relationship between the value of the current assetsand the extent of the current liabilities of a business.…Q.1 Calculate the gross profit margin for Pearson & Litt for 2020. 2019 2020 Sales price per unit R15 R19 Variable cost per unit R6 R7 Fixed cost (FC) per annum R650 000 R 855 500 Fixed cost per unit R3 R4 Current assets R450 600 R560 700 Current liabilities R510 000 R780 000 Retained profit R21 809 R17 600 Net Sales R2 900 320 R 3 100 100 Cost of sales R390 000 R475 000
- Depreciation Methods Gruman Company purchased a machine for $198,000 on January 2, 2019. It made the following estimates: Service life 5 years or 10,000 hours Production 180,000 units Residual value $ 18,000 In 2019, Gruman uses the machine for 1,700 hours and produces 50,000 units. In 2020, Gruman uses the machine for 1,400 hours and produces 32,000 units. If required, round your final answers to the nearest dollar. Required: 1. Compute the depreciation for 2019 and 2020 under each of the following methods: a. Straight-line method 2019 $ 2020 $ b. Sum-of-the-years'-digits method 2019 $ 2020 $ c. Double-declining-balance method 2019 $ 2020 $ d. Activity method based on hours worked 2019 $ 2020 $ e. Activity method based on units of output 2019 $ 2020 $ 2. For each method, what is the book value of the machine at the end of 2019? At the end of 2020? a. Straight-line method 2019 $ 2020 $ b. Sum-of-the-years'-digits method 2019 $ 2020 $ c. Double-declining-balance method 2019 $Question 7 of 14 Fill in the blanks: Information on Mocha Co. inventories shwon below: 2019 2020 Cost 60,000.00 90,000.00 NRV 40,000.00 35,000 00 es a Compute the gain on reversal of write-down recognized in 2020 te 10 < Previous ing Era m SY 21 TUAL WORK ITING pluebook pcu.edu.ph/student_take_quiz_assignment/display/223113267par=78results=2413876203Assume a vat of 15 % One way trader is a registered vat vendor and the financial year end is 31 December 2020.on 1 January 2019 new equipment was bought at cost of R6325 (vat included) the machine has useful life span of 5 years depreciation on machines is calculated on the straight line method What is the depreciation amount?
- 32. Confident Compony hod thefolowng tronsoctionrs in 2020: The entity sdd goods to O Customer tg P50.000, FOB Sripping Paini on December 31, 2020. The entity sodiree peces d equipment on o controct over othres-year period. The sde price of each piece of equipment is Pl00,000. Delivery of eoch piece of equipment is on Februay 10 eoch year. in 2020, the customer poid o P200.000 down poyment, ond will pay P50.000 per year in 2021 and 2022 Collectibility is reasonably assured.ncial Reporting and Analysis Jul22 Y1 S2 Chad Partners: Balances on 30 June 2021. Vehicles R300 000 Accumulated depreciation R50 000. Adjustment Depreciation is calculated at 10% on cost. An old vehicle was disposed on 01 January 2022 for R20 000 cash. The disposed vehicle originally costed R25 000 and the Accumulated depreciation is R 3 000. Profit/loss for the disposed vehicle is: OA. Profit/loss R3 000 B. Profit/loss R750 OC. Profit/loss R500 O D. Profit /loss R1 250 Clear my choice Tyne here to search 0 sageQUESTION 5 A) A company sells product X & Y Sales for the year ended 2019 are: X: 5000 units @ ¢10 each Y: 3000 units @ ¢12 each The company expects to sell the following units in 2020: X: 6000 units @ ¢15 each Y: 4500 units @ ¢18 each Additional information: i) Budgeted opening stock X: 1000 units Y: 800 units Budgeted closing stock: X: 2000 units Y: 1500 units ii) Materials A and B are used to produce products X and Y based on the following ratio in order to produce one unit of X & Y Product Material A Material B X 3kg 2kg Y 2kg 1kg Purchase price ¢10 per Kg ¢12 per kg iii) Material A Material B Opening stock 8000 5000 Closing stock 6000 3500 (iv) The company has only one grade of labour and uses 3 hours to produce one unit of X 2 hours to produce one unit of Y Labour rate would be ¢20 per hour Required: Prepare the following budgets for 2020 Sales budget Production budget Direct Material usage budget Direct Material purchase budget Direct labour…
- PROBLEM 2 Information on ABC inventories is shown below: 2019 600,000 2020 Cost NRV 900,000 650,000 400,000 Requirement: Compute for the gain on reversal of write-down to be recognized in 2020 profit or loss.question 1 JamCore Investments has completed their 2021 financial year which ran from the 1 May 2020. The company sells masks and sold 1 000 000 masks (2020:20 000) at a price of N$10 (2020:5). The company also manufactures the masks, the cost of sales in 2021 is N$ 1, 200% less than the prior. They managed to decrease the cost of sales by using cheaper and thinner fabric. a. Compare the gross profit margin for 2020 and 2021?b. Comment on any ethical considerations you may have? c.Can ethical qualities be attributed to corporations?(3 reasons to support claim)Dig Deep Limited Dig Deep Limited is a construction company that has the following accounting policies relating to its non-current assets: Front-end loaders Depreciation is written off according to the reducing balance method at 20% per year. Truck Depreciation is written off according to the cost price method at 50% per year. Office building No depreciation is written off. Additional information: Description Date purchased Cost price Front-end loader A 1 January 2018 264 000 Front-end loader B 31 March 2020 303 400 Truck 31 July 2019 288 000 *Office building 1 September 2017 900 000 *A part of the office building, costing R100 000, was sold on 31 December 2019 at carrying value. This amount is included in the R900 000 above. Source: Klopper, J. 2020 Required Prepare the property, plant and equipment (PPE) note of Dig Deep Limited for the year ended 31 August 2020. No total column is required.