*Suppose 3 friends decided to invest in a company called reliable runner that would sell cars....

*Suppose 3 friends decided to invest in a company called reliable runner that would sell cars.

Jane put in 20,000, Alan put in 15,000, and Colin put in 15,000. The money was paid into an account.

*The company then obtained a bank loan for 30,000 the money was put in an account

* The company buys a small office (PPE) with a car lot for 55,000

*The company requires some inventory for trading, and it buys 18,000 of second hand cars for cash

* the company sold a car for 5000 cash

* The car that sold was bought for 4000

* The company has paid a car repair bill for 250

* Suppose that the company sells another car for 7000 on credit

* the cost of that car sold was 5500

* The company decides to expand its inventory and bought two more cars for 12000 on credit

Task prepare a balance sheet for reliable runner following IFRS

Solutions

Expert Solution

ekkarill92 answered 8 months ago

Next > < Previous

Related Solutions

*Suppose 3 friends decided to invest in a company called reliable runner that would sell cars....

*Suppose 3 friends decided to invest in a company called reliable runner that would sell cars. Jane put in 20,000, Alan put in 15,000, and Colin put in 15,000. The money was paid into an account. *The company then obtained a bank loan for 30,000 the money was put in an account * The company buys a small office (PPE) with a car lot for 55,000 *The company requires some inventory for trading, and it buys 18,000 of seccond hand...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $840 per set and have a variable cost of $400 per set. The company has spent $290,000 for a marketing study that determined the company will sell 69,100 sets per year for seven years. The marketing study...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $775 per set and have a variable cost of $335 per set. The company has spent $160,000 for a marketing study that determined the company will sell 61,000 sets per year for seven years. The marketing study...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $865 per set and have a variable cost of $425 per set. The company has spent $340,000 for a marketing study that determined the company will sell 70,600 sets per year for seven years. The marketing study...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $800 per set and have a variable cost of $360 per set. The company has spent $210,000 for a marketing study that determined the company will sell 66,000 sets per year for seven years. The marketing study...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $775 per set and have a variable cost of $335 per set. The company has spent $160,000 for a marketing study that determined the company will sell 61,000 sets per year for seven years. The marketing study...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $780 per set and have a variable cost of $340 per set. The company has spent $170,000 for a marketing study that determined the company will sell 62,000 sets per year for seven years. The marketing study...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $820 per set and have a variable cost of $420 per set. The company has spent $152,000 for a marketing study that determined the company will sell 56,000 sets per year for seven years. The marketing study...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $780 per set and have a variable cost of $340 per set. The company has spent $170,000 for a marketing study that determined the company will sell 62,000 sets per year for seven years. The marketing study...

McGilla Golf has decided to sell a new line of golf clubs. The company would like...

McGilla Golf has decided to sell a new line of golf clubs. The company would like to know the sensitivity of NPV to changes in the price of the new clubs and the quantity of new clubs sold. The clubs will sell for $855 per set and have a variable cost of $415 per set. The company has spent $320,000 for a marketing study that determined the company will sell 70,000 sets per year for seven years. The marketing study...

Subjects