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QUESTION 9 The following company data has been collected. Rate of turnover of inventories 6.65 times 9.17 times Rate of turnover of accounts receivable 6.44 times 8.69 times This data shows that (A) short-term financial stability has decreased. (B) the earning capacity of the company has improved. (C) 1improvements to the company’s credit policies are required. (D) strategies for improving sales and collection of outstanding debts were effective.
QUESTION 12 (22 marks) Read Case study 2 (Stimulus 2-3) in the stimulus book. a) Prepare a fully classified Statement of Profit or Loss to project the profitability of Business 1 at 30 June 2021 after implementing the proposed changes. Round to the nearest dollar. [12 marks] Business 1 Statement of Projected Profit or Loss for the year ended 30 June 2021 b) List all underlying assumptions you have made in 12a). [2 marks] c¢) Use Stimulus 2 and 3 to propose and justify two strategies to fund the purchase of the second delivery vehicle. [8 marks]
QUESTION 9 A business has provided the following information from its Statement of Profit or Loss Statement of Financial Position and Statement of Cash Flows. 2021 2020 S S In 2021 the Statement of Financial Position will show non-current assets of $550 000 and the Statement of Cash Flows will show outflows for the purchase of the non-current assets of (A) $90 000 (B) $150000 (C) $160000 (D) $240 000
QUESTION 1 The disclosure of the 2019 and 2020 account balances for ‘Discontinued operations’ enables (A) a vertical analysis revealing that $828.50 m was spent to acquire the subsidiary business/es. (B) a cost-benefit analysis revealing that the loss of $828.50 m in 2020 was included in the ‘Total expenses’ account of —$33 101 m. (C) evidence revealing that the loss of $828.50 m from South East Grocer Ltd helped to return an overall profit after tax for the 2020 reporting period. (D) ahorizontal analysis revealing an increase in loss after tax for South East Grocer Ltd of $778 m indicating the company sold off or ceased specific operations within that company.
QUESTION 16 (8 marks) Construct the most feasible solution to the accounting problem in Case study 2 using the financial data and other information available from Stimulus 8-14 in the stimulus book. ADDITIONAL PAGE FOR STUDENT RESPONSES Write the question number you are responding to. ADDITIONAL PAGE FOR STUDENT RESPONSES Write the question number you are responding to. ADDITIONAL RESPONSE SPACE FOR QUESTION 14 If you want this general journal to be marked rule a diagonal line through the general journal on page 6. Date Particulars S Dr Cr 2020 Ref
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