Homework Answers
| Ohsem Berhad | |||
| Statement of cash flows for the period ended 30 June 2016 | |||
| Cash flows from Operating activities | |||
| Cash receipts from customers | 816100 | ||
| Cash paid to suppliers | -429300 | ||
| Cash paid to employees | -249700 | ||
| Cash generated from operations | 137100 | ||
| Interest paid | -3500 | ||
| Income taxes paid | -54300 | ||
| Net cash from operating activities | 79300 | ||
| Cash flows from investing activities | |||
| Purchase of Property, plant and equipment | -184100 | ||
| Net cash used in operating activities | -184100 | ||
| Cash flow from Financing activities | |||
| Proceeds from issuance of common stock | 94000 | ||
| Dividends paid | -35000 | ||
| Issue of bonds | 70000 | ||
| Net cash from financing activites | 129000 | ||
| Net increase in cash and cash equivalents | 24200 | ||
| Cash and cash equivalents at beginning of the period | 67700 | ||
| Cash and cash equivalents at end of the period | 91900 | ||
| Reconciliation of net income to net cahs provided by operating activities | |||
| Net income | 59800 | ||
| Adjustements to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortisation | 68500 | ||
| Increase in income taxes payable | 8000 | ||
| Increase in trade receivable and inventory | -25700 | ||
| Decrease in trade payable and other liabilities | -31300 | ||
| Total adjustments | 19500 | ||
| Net cash provided by operating activities | 79300 | ||
| Working | |||
| Cash receipt from customer | |||
| Opening trade receivable | 106300 | ||
| Add: Sales | 854400 | ||
| Less: Clsoing trade receivable | -144600 | ||
| 816100 | |||
| Purchases during the year | |||
| Closing inventory | 43800 | ||
| Add: Cost of sales (excl depreciation) | 157000 | ||
| Less: Opening inventory | -56400 | ||
| Purchases | 144400 | ||
| Cash paid to supplier | |||
| Opening trade payable | 63900 | ||
| Opening accruals | 41600 | ||
| 105500 | |||
| Add: Purchases | 144400 | ||
| Add: Other expenses | 253600 | ||
| 503500 | |||
| Less: Closing trade payable | -40800 | ||
| Less: Closing accruals | -33400 | ||
| 429300 | |||
Add Answer to:
QUESTION 6 Ohsem Berhad is a company that sells nutrition supplements and health care products. The...
Ohsem Berhad is a company that sells nutrition supplements and health care products. The financial statements...
Ohsem Berhad is a company that sells nutrition supplements and health care products. The financial statements of the company for the year ended 30 June 2016 is shown below: Statement of Profit or Loss for the year ended 30 June 2016 RM Sales 854,400 Cost of sales 225,500 Gross profit 628,900 Salaries expense (249,700) Finance costs (3,500) Other expenses (253,600) Profit before tax 122,100 Income tax (62,300) Profit for the year 59,800 Statement of Financial Position as at 30 June...
(25 MARKS) QUESTION 3 Sime Garby Berhad is a publicly listed company. The following is the...
(25 MARKS) QUESTION 3 Sime Garby Berhad is a publicly listed company. The following is the Statement of Profit and Loss and the Statements of Financial Position for the company for the year 2017: Statement of Profit or Loss for the year ended 31 December 2017 2017 2016 RM000 BM'000 25.500 17.250 Revenue Cost of sales (14,800) (10.350) Gross profit 10,700 6.900 Distribution costs (2,700) (1.850) Administrative expenses (2,100) (1.450) Finance costs (650) (100) Profit before tax 5,250 3,500 Income...
QUESTION 3 (25 MARKS) Sejengkal Berhad is a publicly listed company. The following are the Statement...
QUESTION 3 (25 MARKS) Sejengkal Berhad is a publicly listed company. The following are the Statement of Profit or Loss and the Statement of Financial Position for the company: Statement of Profit or Loss for the year ended 31 December 2018 RM'000 25,500 (14,800 10,700 Revenue Cost of sales Gross profit 2017 RM'000 17,250 (10,350) 6,900 Distribution costs Administrative expenses Finance costs Profit before tax Income tax expense Profit for the year (2,700) (2,100) (650) 5,250 (2,250) 3.000 (1,850) (1,450)...
Pearl Berhad, a limited company, closes its accounts on March 31 every year. The company reported...
Pearl Berhad, a limited company, closes its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM Revenue 1,049,800 Cost of sales 584,200 Intangible asset Property, plant and equipment (at book value) Long term investment 60,000 822,100 200,000 Inventories 76,700 Trade receivable (at book value) 52,800 Cash and cash equivalent 93,900 6% Loan from bank 100,000 8% Note receivable 30,000 Trade payable Administrative expenses Distribution expenses 75,600 183,900...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM 1,049,800 Revenue 584,200 60,000 822,100 Cost of sales Intangible asset Property, plant and equipment (at book value) Long term investment Inventories 200,000 76,700 52,800 93,900 Trade receivable (at realisable value) Cash and cash equivalent 6% Loan from hank 100,000 30,000 8% Note receivable Trade payable Administrative expenses Distribution expenses...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw The company reported the following unadjusted trial balance on 30 June 2017 Credit RM Debit RM 1.100.000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents...
Garnet Berhad, a public company, closes its accounts on 30 June every year. The company reported...
Garnet Berhad, a public company, closes its accounts on 30 June every year. The company reported the following unadjusted trial balance on 30 June 2017: Credit RM Debit RM 1,100,000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation- Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents Loan from bank...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500 750 2.500 12.500 1.250 500 875 1.250 2.500 1.250 7,500 500 1,500 6.000 Sales @ RM 100 per unit Inventory at 14 May 2018 (15,000 @ RM 50) Trade receivables and payables Purchases Return inwards Carriage inwards Carriage outwards Return outwards Administrative expenses Selling and distribution expenses Plant and machinery at cost Discount received Commission Received Rental Building at cost Freehold land at cost...
(101AL. 13 ) QUESTION 5 The following financial statements relate to Star Millenium Sdn. Bhd, which...
(101AL. 13 ) QUESTION 5 The following financial statements relate to Star Millenium Sdn. Bhd, which operates a car detailing retail business: Statement of Profit or Loss and Other Comprehensive Income For the year ended December 31 2016 and 2017 Sales revenue Cost of goods sold Gross profit Operating expenses 2016 RM'000 2,240 (1,745) 495 (252) 243 (18) 225 (61) 164 2017 RM'000 2,681 (2,272) 409 (362) (32) Finance costs Profit before tax Tax expense Profit for the year Statement...
Question 1 The comparative data from the statement of financial position of Azam Berhad at 31...
Question 1 The comparative data from the statement of financial position of Azam Berhad at 31 December, 2016 and 2017 are as follows. Comparative data on current assets and current liabilities at 31 December 2017 I 2017 2016 I RM RM Current Assets Inventories 454.500 ||490.200 Accounts receivable I 174.100 1190.750 Prepaid expenses 17.100 119.200 Cash and cash equivalents T136.500 17.550 Current Liabilities Accounts payable Short-term bank loan 11117,450 ||123.450 117.250 III.250 Statement of profit or loss for the year...
(25 MARKS) QUESTION 3 Sime Garby Berhad is a publicly listed company. The following is the Statement of Profit and Loss and the Statements of Financial Position for the company for the year 2017: Statement of Profit or Loss for the year ended 31 December 2017 2017 2016 RM000 BM'000 25.500 17.250 Revenue Cost of sales (14,800) (10.350) Gross profit 10,700 6.900 Distribution costs (2,700) (1.850) Administrative expenses (2,100) (1.450) Finance costs (650) (100) Profit before tax 5,250 3,500 Income...
QUESTION 3 (25 MARKS) Sejengkal Berhad is a publicly listed company. The following are the Statement of Profit or Loss and the Statement of Financial Position for the company: Statement of Profit or Loss for the year ended 31 December 2018 RM'000 25,500 (14,800 10,700 Revenue Cost of sales Gross profit 2017 RM'000 17,250 (10,350) 6,900 Distribution costs Administrative expenses Finance costs Profit before tax Income tax expense Profit for the year (2,700) (2,100) (650) 5,250 (2,250) 3.000 (1,850) (1,450)...
Pearl Berhad, a limited company, closes its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM Revenue 1,049,800 Cost of sales 584,200 Intangible asset Property, plant and equipment (at book value) Long term investment 60,000 822,100 200,000 Inventories 76,700 Trade receivable (at book value) 52,800 Cash and cash equivalent 93,900 6% Loan from bank 100,000 8% Note receivable 30,000 Trade payable Administrative expenses Distribution expenses 75,600 183,900...
QUESTION I Eucalyptus Berhad, a limited company, eloses its accounts on March 31 every year. The company reported the following unadjusted trial balance on March 31, 2017: Debit Credit RM RM 1,049,800 Revenue 584,200 60,000 822,100 Cost of sales Intangible asset Property, plant and equipment (at book value) Long term investment Inventories 200,000 76,700 52,800 93,900 Trade receivable (at realisable value) Cash and cash equivalent 6% Loan from hank 100,000 30,000 8% Note receivable Trade payable Administrative expenses Distribution expenses...
QUESTION 1 Red Velvet Berhad, a public company, closes its accounts on 30 June every yw The company reported the following unadjusted trial balance on 30 June 2017 Credit RM Debit RM 1.100.000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents...
Garnet Berhad, a public company, closes its accounts on 30 June every year. The company reported the following unadjusted trial balance on 30 June 2017: Credit RM Debit RM 1,100,000 1,300,000 364,000 700,000 400,000 300,000 125,000 300,000 167,400 120,500 4,800 30,000 438,600 Freehold land Building at cost Accumulated depreciation-building Plant and machinery at cost Accumulated depreciation- Plant and machinery Patent Accumulated amortisation-patent Long-term investment Inventory Trade receivables Allowance for doubtful account Prepaid insurance Cash and cash equivalents Loan from bank...
Q1. 4U Berhad Trial balance as at 30 June 2019 RM 0.000) RM (.000) 25,000 1.500 750 2.500 12.500 1.250 500 875 1.250 2.500 1.250 7,500 500 1,500 6.000 Sales @ RM 100 per unit Inventory at 14 May 2018 (15,000 @ RM 50) Trade receivables and payables Purchases Return inwards Carriage inwards Carriage outwards Return outwards Administrative expenses Selling and distribution expenses Plant and machinery at cost Discount received Commission Received Rental Building at cost Freehold land at cost...
(101AL. 13 ) QUESTION 5 The following financial statements relate to Star Millenium Sdn. Bhd, which operates a car detailing retail business: Statement of Profit or Loss and Other Comprehensive Income For the year ended December 31 2016 and 2017 Sales revenue Cost of goods sold Gross profit Operating expenses 2016 RM'000 2,240 (1,745) 495 (252) 243 (18) 225 (61) 164 2017 RM'000 2,681 (2,272) 409 (362) (32) Finance costs Profit before tax Tax expense Profit for the year Statement...
Question 1 The comparative data from the statement of financial position of Azam Berhad at 31 December, 2016 and 2017 are as follows. Comparative data on current assets and current liabilities at 31 December 2017 I 2017 2016 I RM RM Current Assets Inventories 454.500 ||490.200 Accounts receivable I 174.100 1190.750 Prepaid expenses 17.100 119.200 Cash and cash equivalents T136.500 17.550 Current Liabilities Accounts payable Short-term bank loan 11117,450 ||123.450 117.250 III.250 Statement of profit or loss for the year...
Most questions answered within 3 hours.
-
mode field diameter (MFD) is an important parameter in
characterizing single mode fibre properties which takes...
asked 1 minute ago -
Question 4: What is the significance of those strange
“36.79%” and “63.21%” numbers the procedure? That...
asked 7 minutes ago -
The US Census Bureau gathered data regarding yearly gas sales
for residents of different states. Wyoming...
asked 7 minutes ago -
Rules of implementation!:
You may NOT modify any of the files except Expression.java in
ANY way....
asked 8 minutes ago -
A person in a casino decides to play blackjack until he loses a
game, but he...
asked 10 minutes ago -
Arbitration of disputes under the purview of "lemon laws" under
state statute is:
not required by...
asked 22 minutes ago -
Describe three pieces of evidence that mitochondria and evolved
from symbiotic mutualisms between a eukaryote (or...
asked 29 minutes ago -
An AM transmitter with a carrier power of 20 kW is connected to
a 50 Ω...
asked 38 minutes ago -
JAVA
Beginnings of a paper-rock-scissors game.
Paper-rock-scissors is a game often used to make decisions.
There...
asked 42 minutes ago -
Consider a concept learning example of 5 attributes. Attributes
can take one of (5,3,2,2,6) values respectively....
asked 49 minutes ago -
Red light of wavelength 675 nm is incident on a slit of width
4.56 × 10−6...
asked 59 minutes ago -
An object 4.0 mm high is on the optical axis of two lenses with
focal lengths...
asked 55 minutes ago