NEED CORRECT ANSWERSSEE ATTACHED DOCUMENT FOR ORIGINAL FORMATTING (INCORRECT ANSWERS ARE UNDERLINED & HIGHLIGHTED IN YELLOW)Q6-3: A business has the following balances in its financial records: Income tax £30,000; Selling & administration expenses £80,000; Revenue £350,000; Interest expenses £15,000; Cost of Sales £190,000. Which of the following is correct?Question options:Gross profit £160,000; Operating profit £80,000; Net profit after tax £35,000Gross profit £80,000; Operating profit £65,000; Net profit after tax £35,000Gross profit £160,000; Operating profit £65,000; Net profit after tax £30,000Gross profit £80,000; Operating profit £65,000; Net profit after tax £35,000Q6-6: ABC buys a smaller company XYZ for a negotiated price of £1 million. XYZ’s assets are valued at £750,000. Assuming goodwill is amortized over 5 years, the value of goodwill in ABC’s Statement of Financial Position at the end of the third year after acquisition will be:Question options:£100,000£300,000£150,000£400,000Q7-1: The difference between ROI and ROCE ratios is due to:Question options:Interest, tax and long-term debtTax and shareholders’ fundsLong-term debt and shareholders’ fundsInterest and long-term debtQ7-2: Use the following information extracted from ABC’s Income Statement and Balance sheet and match the item with the correct calculation.Sales £4,200,000; Gross profit £2,700,000; Receivables £630,000; Payables £275,000; Inventory £300,000. ABC calculates its financial ratios based on being open for business 6 days per week for 50 weeks per year.__3__5__2__55__1__451.ABC’s days’ sales outstanding2.ABC’s inventory turn3.ABC’s days’ payables outstandingQ7-3: A company has capital employed of €1,000,000 and generates a profit after tax of €300,000. The change in return on investment between a Balance Sheet with 60% debt and one with 40% debt is:Question options:From 43% to 60%From 75% to 50%From 50% to 75%Q8-2: In a manufacturing business, the completion of production results in the following flow of costs for inventory:Question options:Decrease raw materials and increase finished goodsDecrease work in progress and increase cost of salesDecrease work in progress and increase finished goodsDecrease finished goods and increase cost of salesQ8-3: A business purchases inventory stock on four separate occasions. Purchased 3,500 units at a total cost of €8,050; Purchased 3,000 units at a total cost of €7,110; Purchased 4,000 units at a total cost of €9,600; and Sold 5,995 units at a total price of €24,760. Each purchase was completed in the order provided within the same period. Match the inventory method with the correct cost of sales and the correct value of inventory.__3__€13,963__2__€4,082__4__€3,896.75__1__€14,148.201.weighted average method for cost of sales2.first in-first out method for cost of sales3.weighted average method for the value of inventory4.first in-first out method for the value of inventoryNEED A REFERENCE PAGE
https://homeworkmarkets.com/wp-content/uploads/2020/08/logo1-300x75.png 0 0 Mike https://homeworkmarkets.com/wp-content/uploads/2020/08/logo1-300x75.png Mike2021-10-21 03:56:462021-10-21 03:56:46M2 OAES Corrections
The products and services provided by this website are for research and guidance purposes only. Students are solely responsible for doing their own work and using the materials provided as a reference.