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The following figures have been taken from the final accounts of Sully plc, a company involved in the construction industry for the year ended 31/12/2010.
(2011)
(a) Show the Club’s Accumulated Fund (Capital) on 1/1/2010.(b) Show the Income and Expenditure account for the year ended 31/12/2010.(c) Show the Club’s Balance Sheet on 31/12/2010.(d) (i) State and explain two limitations of a Receipts and Payments Accou
Record on a tabular statement the effect each of the above transactions had on the relevant asset, liability and capital accounts and ascertain the total assets and liabilities on 31/12/2010.
(a) The company’s break-even point and margin of safety. (b) The number of units that must be sold in 2011 if the company is to increase its net profit by 20% over the 2010 figure, assuming the selling price and cost levels and percentages remain uncha
(a) Prepare a Production Budget (in units). (b) Prepare a Raw Materials Purchases Budget (in units and €). (c) Prepare a Production Cost/Manufacturing Budget. (d) Calculate the unit cost of budgeted closing stock of both products. (e) (i) Explain the
