A Firm purchased an old Machinery for RM37,000 on 1 January, 2017 and spent RM3,000 on its overhauling. On 1 July 2018, another machine was purchased for RM 10,000. On 1 July 2019, the machinery which was purchased on 1 January 2017, was sold for RM28,000 and the same day a new machinery costing RM25,000 was purchased. On 1 July, 2020, the machine which was purchased on 1 July, 2018 was sold for RM2,000. Depreciation is charged at 10% per annum on straight line method. The firm changed the method and adopted diminishing balance method with effect from 1 January, 2018 and the rate was increased to 15% per annum. The books are closed on 31 December every year. Required:- Prepare Machinery account for four years from 1 January, 2017.
Prepare the Profit and Loss Appropriation Account.
Question 2 Tickman Fashion recently sold 70,000 shirts, generating sales revenue of RM4,900,000. The company’s variable cost per unit and total fixed cost amounted to RM20 and RM2,800,000, respectively. Management is in the process of studying the monetary impact of various transactions and events, and desires answers to the following independent cases: Required: a. Management wants to lower the firm’s break-even point to 52,000 units with all other things being equal. Calculate the fixed costs to achieve this objective. b. The company anticipates a RM2 hike in the variable cost per unit with all other things being equal. i) If management desires to keep the firm’s current break-even point, calculate the selling price. ii) If selling price remains constant, calculate the firm’s total fixed costs.
The pandemic has altered the course of supply chain forever especially the primary activities. In terms of inventory management, identify and elaborate TEN(10) new normal effects on warehousing and distribution?
A motor vehicle which costs RM20,000 was bought on credit terms, with payment of 10% as deposit to be made immediately and the balance to be paid in one lump sum 6 months later. Calculate the total amount of interest expense if the compound interest rate is 2% per month,
Consider two mutually exclusive projects – Project X and Project Y with identical initial outlays of RM90,000 and depreciable lives of 5 years. Project X is expected to produce free cash flows of RM32,787 each year. Project Y is expected to generate a single after-tax net cash flow of RM223,880 in year 5. The cost of capital is 15 percent. Calculate the net present value for each project?
Compute the payback period for each project.
Find the expected return for each of the stock.
Compute the variance and standard deviation for stock A, B and C. Show your working.
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