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Essay / Research Paper Abstract
This 7 page paper answers question set by the student, showing the calculation of current and long term assets, contribution levels, break even points, the calculation of ratios and how ratios can be interpreted.
Page Count:
7 pages (~225 words per page)
File: TS14_TEquest16.rtf
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Unformatted sample text from the term paper:
Total long term assets 831,000 b). Current assets are asset which have a short life with the company, typically less than twelve months. Current Assets Cash on hand 30,000 Trade
Accounts receivable 90,000 Inventory 30 June 2005 44,000 Short term investments 122,000 Total current assets 286,000 c). Total liabilities are all the short and long term debts Liabilities
Trade Accounts payable 68,600 Long term bank loan 105,600 Bank overdraft 83,400 Mortgage 294,000 551,600 d). If we want to look at the drawings we can see the
currently level of equity in the company and the level which should have been added if no withdrawals were made and the entire profit were added to the equity. The
difference is the drawings. Last years equity (a) 352,800 This years equity (b) 565,400 Increase in equity of (b - a) (c) 212,600 Profit (d) 361,800 Difference (d -
c) 149,200 This tells us that the profit which has been made saw 212,600 retained in the company and 149,200 has been withdrawn. Question 30 a. The contribution
margin is the level of revue that can be used towards fixed costs, this is the level of revenue less the variable costs. If we have a payment of 1,200
per concert and variable costs of 400 per concert this will mean there is a contribution of 800 per concert. b. Knowing the contribution level and the fixed
costs as well as then number of concert undertaken we can calculate the profit Contribution per concert (a) 800 Number of concerts (b) 192 Total contribution (c) (a x
b) 153,600 Less fixed costs (d) 53,600 Profit (c - d) 100,000 The profit is 100,000 c. We can also look at how many concerts are need to break even.
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