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FM Mar/June 2020 question

This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.

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January 24, 2022 at 5:35 pm #647387
agboolakenny84
Participant
- Topics: 19
- Replies: 105
Good day Mr John,
I have a question.
In question 1 i don’t how how reserves was calculated. How did they arrive at the additional figure of 6,818 in the calculation of reserves.
Thank you.
January 25, 2022 at 7:33 am #647407
John Moffat
Keymaster
- Topics: 57
- Replies: 54820
The first sentence on the second page of the question says that the profit will be $6,818. The profit will be added to the reserves.
January 27, 2022 at 5:00 pm #647607
agboolakenny84
Participant
- Topics: 19
- Replies: 105
Thanks, i didn’t see it initially.
January 27, 2022 at 5:17 pm #647616
John Moffat
Keymaster
- Topics: 57
- Replies: 54820
You are welcome.
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