The following information relates to ABC.Which of the following would be a reason for the movement in the trade receivable days?
Answer(s): D
Which of the following is NOT a source of short-term finance?
Answer(s): A
CORRECT TEXTAAA has the following working capital ratios at 30 March 20X4:During the year ended 30 March 20X4 credit purchases were $3,600 and at 30 March 20X4 the outstanding trade payables amounted to $522.The year ended 30 March 20X4 was not a leap year.Calculate the working capital cycle for AAA.Give your answer to one decimal place.
CORRECT TEXTAn entity bought a capital item for $110,000 on 1 March 20X4 incurring legal fees at the date of purchase of $2,500.On 1 May 20X4 additional costs classified as capital expenditure by the tax rules of the country of $25,000 were incurred in respect of the asset. On 1 June 20X4 repairs not classified as capital expenditure were incurred at a cost of $15,000.The asset was sold for $250,000 on 30 November 20X8 and costs to sell were incurred of $4,300.Calculate the chargeable gain on the disposal.Give your answer to the nearest $.
Which THREE of the following would be included in a cash budget?
Answer(s): A,C,F
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