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Hi, I am preparing OBU for period 40 .is it ok to choose both companies competitor and main company that use GAAP instead of IFRS?
Can anybody help me to solve this one please.
ABC has wrongly added $19000 per year for four year of finance lease as operation lease in profit and loss and the asset has fair value of $60000 and residual value is nil. Interest is 10 %.Profit is
a) understated by $2000
b) overstated by $2000
c) understated by $13000
d) overstated by $13000You can follow the Opentuition notes and do the past exam paper of Singapore Variant. The difference is not so obvious in this two variant.There are many website for singapore law you can use it as reference.
Only answers are given.Workings are not provide.
Thank you very much Sir.Your working is very simple and easy to understand.
Hello Sir, Can I have working for these questions please.
1.) An office manager of Harris Plc wishes to minimise the cost of telephone calls make.40% of calls in peak hours cost $1 each and the reminder of such calls cost $1.5 each. 30% of calls at other times cost $0.8 each, 50% of hem cost 0.9 each, and 20% of them cost $1 each.These proportion cannot be varied, though the total number of calls make in peak hours and of calls made at other times can be. If X= the numbers of calls made each day in peak hour, and Y= number of calls made each day at other times,the official manager’s objective is to:
Answer is – Minimise 130X+89Y
2.)
Beauty Co makes two products,nail polish and lipsticks. Nail polish sales make up 30% of total sales and their variable costs are 45% as a percentage of sales vale. Lipsticks sales are 70% of the total sales and their variable cost are 40% as a percentage of sales value.
Total fixed cost are $400,000 for the company.
Calculate the break even revenue for Beauty Co.Answer is – $683,761
Sir, Could you please explain how to arrive to the answer.
A company operate the production process which generates a contribution of $4 per hour.Wages are paid at $7 per hour and labour are fully utilized. During busy day worker are offer to work overtime, which paid $10 per hour.However worker refused to work overtime due to industrial dispute.
The company has just received additional order which must be fulfill immediately and will require 10 hours of labour to fulfill.Relevant cost of labour is $110