Pro Forma Statement of Financial Position of Govan Limited as at 31 December 2021 is, Particulars Amounts in R
ASSETS
Non-current assets
Fixed/Tangible assets (Working Note 1) 9,000,000
Current assets
Inventories (Closing balance is maintained for every month) 2,000,000
Trade and other receivables (working note 2) 2,234,400
Cash and cash equivalents(working note 3) 40,000
Total assets 13,194,400
EQUITY AND LIABILITIES
Shareholders equity
Ordinary share capital(opening R3,300,000+issue of current year R (600,000) 3,900,000
Retained earnings (Working Note 4) 2,044,000
Non-current liabilities
Long-term loan (Jip Bank) (opening -Payment during the year) 3,300,000
External non current funding (working Note 3) 3,350,400
Current liabilities
Trade and other payables (Working Note 5) 600,000
Total equity and liabilities 13,194,400
To prepare the Pro Forma Statement of Financial Position of Govan Limited as at 31 December 2021, you need to calculate the projected cash flows for the year based on the provided information. This includes estimating the expected cash inflows from sales, stock, and share issues, as well as the expected outflows for purchases, loan payments, and dividends. Once the cash flows are determined, you can use them to adjust the company's assets, liabilities, and equity accounts accordingly.
This involves projecting the expected values for accounts such as accounts receivable, accounts payable, inventory, and retained earnings, among others. Finally, you can use this information to construct the Pro Forma Statement of Financial Position for Govan Limited as at 31 December 2021.
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an instance that would give rise to burden-on-commerce problems would be if ___________.
An instance that would give rise to burden-on-commerce problems would be if there are excessive or overly restrictive regulations, policies, or practices that hinder or impede the smooth flow of commerce and trade.
These burdens can include excessive bureaucracy, complex administrative procedures, high regulatory compliance costs, trade barriers, protectionist measures, or discriminatory practices. Such obstacles can create barriers to entry, limit market access, increase transaction costs, and hinder the efficient operation of businesses, thereby negatively impacting commerce and economic growth.
Burden-on-commerce problems can have detrimental effects on economic growth, investment, innovation, and job creation. Governments and policymakers often strive to strike a balance between necessary regulations and ensuring a conducive environment for businesses to thrive and contribute to overall economic development.
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Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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show the vegetable market of nepal in pyramid
Due to massive increases in agriculture and production area over the last two decades, per capita vegetable consumption has increased to 105 kg from 60 kg. Nepal has reported 3,243,521 vegetable holdings. Vegetable crops are grown on a total of 232,295 hectares of cultivable land.
What is market?A market is a collection of systems, institutions, procedures, social relations, or infrastructures through which parties exchange goods and services. While parties can barter for goods and services, most markets rely on sellers offering their goods or services to buyers in exchange for money. The exchange of goods and services that occurs as a result of buyers and sellers coming into contact with one another, either directly or through mediating agents or institutions, is referred to as a market.A market is defined as the total number of buyers and sellers in the area or region under consideration. The area could be the entire planet, a country, a region, a state, or a city.To learn more about market, refer to:
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What is a broad explanation about the natural world that is backed up by facts?
A broad explanation about the natural world that is backed up by facts is referred to as a scientific theory.
Scientific theories are comprehensive explanations that are based on a substantial body of evidence and supported by rigorous scientific research and observation. These theories provide a framework for understanding natural phenomena and can encompass various aspects of the natural world, such as physical laws, biological processes, geological formations, and astronomical phenomena.
Scientific theories are developed through the scientific method, which involves making observations, formulating hypotheses, conducting experiments or gathering data, and analyzing the results. Over time, as new evidence emerges and further research is conducted, scientific theories are refined and expanded to accommodate the accumulated knowledge and insights.
It is important to note that scientific theories are not mere speculations or guesses; they are well-established explanations that have undergone extensive scrutiny, peer review, and testing within the scientific community. They are supported by a wide range of empirical evidence and are subject to revision or modification in light of new discoveries. Examples of well-known scientific theories include the theory of evolution, the theory of gravity, the theory of relativity, and the atomic theory.
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THIS IS URGENT- How did Jeff bezos change the economy when he created Amazon (I need when he first created it up to now!)
Jeff Bezos when he created Amazon had a tremendous impact in the economy as he created jobs more than any other company had created before and also helped in achieving price stability.
What is Amazon?
Digital streaming, cloud computing, online advertising, and artificial intelligence are the main areas of interest for the American multinational technology business Amazon.com. One of the most valuable brands in the world, it has been called "one of the most significant economic and cultural forces in the globe." Along with Alphabet, Apple, Microsoft, and Meta, it is one of the Big Five American technological firms. On July 5, 1994, Jeff Bezos launched Amazon from his garage in Bellevue, Washington. It began as an online book store but has since grown to include many more product categories.
Hence, Amazon contributed to the economy in terms of sales, price stability and creation of jobs and also providing a alternate option for marketplace in a economy.
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Please Show the steps to reproduce the result
Your firm is investing in a new project. The project has a cost of $120. The expected incremental free cash flow in year 1 is $60. The expected incremental free cash flow in year 2 is $68 and the expected incremental free cash flow in year 3 is $76. The project has a required rate of return of 8% compounded annually. What is the payback period in years. Your answer should be accurate to two decimal places.
The payback period for the project is 1.12 years.
To calculate the payback period for the project, we need to determine the time it takes for the cumulative cash flows to equal or exceed the initial investment of $120. Calculate the cumulative cash flows for each year:
Year 1: $60
Year 2: $60 + $68 = $128
Year 3: $60 + $68 + $76 = $204
Determine the payback period:
The payback period is the time it takes for the cumulative cash flows to equal or exceed the initial investment. In this case, the cumulative cash flows exceed $120 in Year 2 but fall short of $120 in Year 1. To find the exact payback period, we need to interpolate between Year 1 and Year 2.
Payback period = Year 1 + (Remaining cash flow / Cash flow in Year 2)
Remaining cash flow = $120 - Cumulative cash flow at the end of Year 1 = $120 - $128 = -$8 (negative because it falls short)
Payback period = 1 + (-$8 / $68) = 1.12 years (rounded to two decimal places), Therefore, the payback period for the project is 1.12 years.
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Allison would like to find all records that are in stock. In her database, she has a field named "in stock." When the item is in stock, a "yes" appears. What should Allison do?
Conduct a query and set the criteria as =yes.
Conduct a query and set the criteria to >2.
Locate each record and check each one.
Sort the records in ascending order by item number.
Answer: she should conduct a query and set the criteria to >2
Explanation:
Don’t know this but I tried I am only in 9th grade
Your client, Bo Regard, holds a complete portfolio that consists of a portfolio of risky assets (P) and T-Bills. The information below refers to these assets. E(Rp) 12.00 % Standard Deviation of P 7.20 % T-Bill rate 3.60 % Proportion of Complete Portfolio in P 80 % Proportion of Complete Portfolio in T-Bills 20 % Composition of P: Stock A 40.00 % Stock B 25.00 % Stock C 35.00 % Total 100.00 % What is the expected return on Bo's complete portfolio
who is the first president is europe
Answer:
Walter Hallstein (1901–1982)
Explanation:
for 9 years
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Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
List the six areas of interest.
Answer:
Six areas of interest are: building,thinking,creating,holding, persuading and organizing.
Explanation:
what types of industries or situations are best suited to the chase strategy? the flexibility strategy? the level strategy? (make sure to discuss why these industries are best suited)
The chase strategy is best suited for industries that experience highly variable demand and need to adjust their production levels accordingly.
For instance, seasonal industries like retail, fashion, and agriculture can use this strategy to meet their customers’ demands without overstocking inventory. The flexibility strategy, on the other hand, is ideal for industries that require quick adaptation to changing market conditions, such as technology, fashion, and food production. These industries must be agile to stay competitive and maintain their customer base. Lastly, the level strategy is best suited for industries that have stable and predictable demand. These industries can maintain a constant production level to meet customer demand without the need for rapid changes or excessive inventory. Examples of industries that use the level strategy include healthcare, education, and utilities. Overall, companies must carefully evaluate their market and production needs to determine which strategy works best for their industry.
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boi, why am i alive.-
Answer: so you can grow older
Explanation:
For the majority of millennials, the cost of paying off their student loans has wound up holding them back from living on their own, making major purchases like buying home and even being able to start a family…
Trade schools cost a fraction of what public and private schools cost. The average cost of vocational school comes out to around $33,000 – for the entire education. This the average cost of a single year of college.
–"The Financial Case for Trade School Over College," Mel Bondar, US News
According to the text, why is trade school more economical for some students? Select two that apply.
a). The cost of attending trade school is cheaper than the cost of a 4 year college.
b). Trade school graduates make more money than college graduates.
c). The cost of attending a 4 year college is offset by higher earnings in the long run.
d). Students who chose trade school over college often make better financial decisions.
e). Students who graduate from trade school have less debt than college graduates.
Answer:
A) The cost of attending trade school is cheaper than the cost of a 4 year college.
E). Students who graduate from trade school have less debt than college graduates.
Explanation: I just took the test on a virtual course and got it right. Hope this helps :)
Trade school more affordable for some students cost, according to the text A trade school is less expensive to attend than a four-year university. Thus option (a, e) is correct.
What is the cost?A cost is the amount of money that has been spent to produce something or provide a service and is thus no longer accessible for use. In business, the cost could be one of acquisition, in which case the money spent to obtain it is recognized as cost. In this situation, money is the input that is used to purchase the item.
If you set a goal of 5 jars of mayonnaise and only have 2 on hand, you know you need to order 3 more. Private expenses are the costs borne by the buyer of a commodity or service. This is also known as the costs associated with the firm's production function. External costs (also known as externalities) are the costs borne by people other than the buyer.
Therefore, Thus option (a, e) is correct.
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The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 3,300 direct labor-hours will be required in January. The variable overhead rate is $8 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,170 per month, which includes depreciation of $3,590. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Answer:
$65,980
Explanation:
Calculation for what The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be
Using this formula
Cash disbursements for manufacturing overhead= Variable + Fixed
Let plug in the formula
Cash disbursements for manufacturing overhead=(3,300*$8) + ($43,170 - $3,590)
Cash disbursements for manufacturing overhead= $26,400 + $39,580
Cash disbursements for manufacturing overhead= $65,980
Therefore The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $65,980
Which situation describes a monopoly market structure?
A. Many different vendors sell the same few T-shirt designs to fans at
a concert.
B. Solar panels are only available from two companies operating in a
country
C. A lot of new Chinese restaurants open in an area with a growing
Chinese population
D. One company builds and sells all of the cars available in a
developing country.
Answer:
D. One company builds and sells all of the cars available in a
developing country. That if so gives the one company a monopoly, because there is only one company supplying that service.
Income Statement Analysis
Operating data for Joshua Corporation are presented below.
2020 2021 2022
Sales Revenue $ 500 000 $ 600 000 $ 800 000
Cost of goods sold 340 000 408 000 520 000
Selling expenses 36 000 72 000 120 000
Administrative expenses 62 000 48 000 60 000
Income tax expense 18 600 21 600 30 000
Net income 43 400 50 400 70 000
Requirements:
(a) Prepare a schedule showing a vertical analysis for the years 2020 - 2022.
(b) Did Joshua Corporation's net income as a percent of sales revenue increase, decrease, or remian unchanged over the 3-year period.
Identify the top two expenses for each year. For each type of expense, show the percentage relative to the total expenses.
Prepare a schedule showing a horizontal analysis for 2022 using 2021 as the base year and for 2021 using 2020 as the base year.
Comment on the trends for revenue, total operating expenses, and net income. And come up with three ways that the company could do to improve net income.
The top two expenses for each year can be determined by comparing the percentages of each expense relative to the total expenses.
(a) To prepare a vertical analysis for the years 2020-2022, we need to calculate the percentage of each item relative to the sales revenue.
For 2020:
- Sales Revenue: 500,000
- Cost of goods sold: 340,000
- Selling expenses: 36,000
- Administrative expenses: 62,000
- Income tax expense: 18,600
- Net income: 43,400
To calculate the vertical analysis, we divide each item by the sales revenue and multiply by 100:
- Cost of goods sold: 340,000 / 500,000 * 100 = 68%
- Selling expenses: 36,000 / 500,000 * 100 = 7.2%
- Administrative expenses: 62,000 / 500,000 * 100 = 12.4%
- Income tax expense: 18,600 / 500,000 * 100 = 3.7%
- Net income: 43,400 / 500,000 * 100 = 8.7%
We repeat this calculation for 2021 and 2022 to get the vertical analysis for those years.
(b) To determine if Joshua Corporation's net income as a percent of sales revenue increased, decreased, or remained unchanged over the 3-year period, we compare the net income percentages for each year.
For 2020: Net income as a percent of sales revenue is 8.7%
For 2021: Net income as a percent of sales revenue is 8.4%
For 2022: Net income as a percent of sales revenue is 8.75%
Comparing these percentages, we can see that the net income as a percent of sales revenue increased from 2020 to 2021 but remained relatively unchanged from 2021 to 2022.
The top two expenses for each year can be determined by comparing the percentages of each expense relative to the total expenses. I'll calculate these percentages and identify the top two expenses for each year.
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The legal form of business ownership that is owned by two or more people is a ____
a) corporation
b) partnership
c) sole proprietorship
d) limited liability company
PLEASE HURRY FIRST CORRECT ANSWER GETS BRAINLIEST AND 15 POINTS
Answer:
b
Explanation:
partnership
a tax imposed on the sellers of a good will raise the
A tax imposed on the sellers of a good will raise the price buyers pay and lower the effective price sellers receive.
What is tax?The term tax is referring as, A tax is a mandatory commercial as the undertaking charge or some other type of levy bring down on the taxpayer (an individual or legal entity) by a polity social group.
As, when the tax imposed on the sellers of a good will raise the overall cost of production that of the good will increase, as this quantity was supplied at the every price level.
Therefore, As a result, the demand of the supply analysis, the curves will shift in the left as responses in the tax.
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Nothing can stay the same
It's growing pains
Be proud of all your scars they make you who you are
I know you have to go but I'll never really leave you
Even though things changed, nothing has to change
You can find me in the space between where to worlds come to meet
I'll never be out of reach, cuz your a part of me so you can find me in the space between
You'll never be alone no matter where you go...
Answer:
:-) -,-
Explanation:
thanks thanks appreciate it
Answer:
we'll do it here
Explanation:
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
All of the following are true for those who are not responsible with credit EXCEPT which one?
A: They have a higher balance that is carried over month to month
B: They charge fewer items or make the full payment each month
C: They charge more items, even if they cant pay the entire amount
D: They end up paying more in interest fees
All of the following are true for those who are not responsible with credit EXCEPT They charge fewer items or make the full payment each month.
What is meant by credit?This is the term that is used to refer to the fact that a person is able to get a way of paying for the goods and services that they make use of through the use of credit card that is issued to them by a credit facility.
The issue here is that the people that have a bad credit would have to be paying more in fees at the end of the day because it would keep piling. They would also have greater credit balance that they are to pay as well.
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Explain the conceptual connections between goodwill, duty, and the categorical imperative.
The conceptual connections between goodwill, duty and categorical imperative refer to the theory of Transcendental Idealism developed by Imannuel Kant. According to him, the Categorical Imperative corresponds to the way individuals evaluate moral actions and make moral judgments.
Categorical imperative and dutyThe relationship between them occurs according to the theory of goodwill, which relates to human intention and will, which must be to act in accordance with reason to determine the right, which is the duty of individuals.
Therefore, according to Kant, moral law must satisfy the precepts of being universal, impartial and rational, which can be learned by the cognitive processes of human beings.
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which part of the result block should you evaluate to determine the needs met rating for that result?
You always need to evaluate both the block and the landing page. For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else.
The quality of the web page and the material inside the block are both taken into account when determining if a requirement is met. The Needs fulfilled rating would not succeed if the landing page's quality was acceptable but the desired content was not delivered.
Videos, live cricket scores, and sports videos are all included in the special content result block and may be seen right away after entering the search term.
When a user searches in websites that are related to their search query, the possibility of finding distinct content that seems irrelevant to them exists in the online search result block.
In particular content result blocks, only the content inside the block is evaluated.
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How do I start an office program?
Select the examples of early development and Services workplaces. Check all that apply.
A hospital
A private home
An office
A medical clinic
A school
A child care facility
Answer:
B, E, F
Explanation:
got it right
Answer: B E F
Explanation:
Help answer these two questions pleaseee
1. Across the course, you've learned about many other desktop publishing software programs besides PowerPoint. Identify at least two other technologies available for desktop publishing (the software can be presentation-based, word processing, spreadsheet software.etc.). What are some common features across PowerPoint and these other programs?
2. What are 2 differences that could be expected in how an employee would speak to other staff members in a truly flat organizational structure compared to a hierarchical structure?
Answer:
1.
At least two other technologies available for desktop publishing:
Microsoft WordMicrosoft ExcelMicrosoft PublisherCommon features across PowerPoint and the above programs:
These programs are all part of the Microsoft 365 (formerly Microsoft Office) suite of software tools. They are available for both personal and professional use. All programs use a subscription model. They are designed to be compatible across Microsoft's entire product line and allow for instant collaboration among multiple registered users.
2.
Two differences in how an employee might speak to other staff members in a flat organizational structure versus a hierarchical structure:
Less expectation of formality: speech would likely be delivered in a more casual manner and tone among many staff membersAn increase in dialogue: a reduction or elimination of middle management necessitates increased collaboration among staffWhich situation describes an oligopoly market structure? A. One company builds and sells all of the cars available in a developing country. B. Many different vendors sell the same few T-shirt designs to fans at a concert. C. Solar panels are only available from two companies operating in a country. D. A government gives one company full control over water treatment in a city.
Answer:
Answer C
Explanation:
Answer:C)
Explanation:just got it right<3
Which example describes sharing risk?
A) getting car insurance
B) deciding not to buy a car
C) only driving during the day
D) driving a car at high speeds
Answer:
D
Explanation:
The presentation recommends updating and modifying your budget how often?
The presentation recommends updating and modifying your budget on a regular basis, typically at least once a month.
What is presentation?Presentation is the act of presenting something to an audience. It could be a speech, a product demonstration, or a visual aid. Presentations are typically used to inform, explain, persuade, and/or entertain. They often involve visuals such as slides, charts, graphs, pictures, and videos. Presentations can also be used to teach, illustrate a concept, or to demonstrate a process. Presentations can take place in a variety of settings, such as a classroom, boardroom, or auditorium.]
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