Hi guys,
Can someone help me about this... i already answered part (a), but i dont know if i am correct...and also please help me about (b)...thnx...
New World Hotel Limited has just started in business this year.
(a) During the year purchase (all for cash) were:
Beer $464,300
Wines $314,200
Spirits $230,900
At the end of the year stocks on hand were:
Beer $24,000
Wines $103,900
Spirits $46,900
Required:
What was the cost of the beer, wines and spirits sold by the hotel during the year?
Beer : $464,300 - $24,000 = $440,300
Wines : $314,200 - $103,900 = $210,300
Spirits : $230,900 - $46,900 = $184,000
(b) Sales (all for cash) during the same period were:
Beer $764,000
Wines $285,000
Spirits $468,800
Required:
(i) Prepare a cash flow statement for the drinks trading.
(ii) Prepare a profit and loss statement for the drinks trading.
(iii) Which part of the trade is most profitable? Discuss.
2007-09-25
15:36:06
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3 answers
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asked by
SHINOBI
1