A company has sublet part of its offices and in the year ended 30 November 20X3 the rent receivable was:
Until 30 June 20X3 $8,400 per year
From 1 July 20X3 $12,000 per year
Rent was paid quarterly in advance on 1 January, April, July, and October each year.
What amounts should appear in the company's financial statements for the year ended 30 ?
NovemberRent receivable Statement of financial position
Statement of profit or lossDecember to June 8,400 x 7/12 4,900July to November 12,000 x 5/12 5,0009,900
Sundry payables 12,000 x 1/12 = 1,000 (December rent received in advance)
多做几道
Which of the following is a ratio which is used to measure how much a business owes in relation to its size?
A business operates on a gross profit margin of 331/3%. were $680. Gross profit on a sale was $800, and expenses
What is the net profit margin?
A company has the following details extracted from its statement of financial position：
$'000
Inventories 1,900
Receivables 1,000
Bank overdraft 100
Payables 1,000
The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry
have a current ratio lower than the norm.
Which of the following statements accurately describes the company’s liquidity position?
Why is analysis of financial statements carried out?
Which of the following transactions would result in an increase in capital employed?
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