Financil free essay sample

Ann Polytechnic School of Business Accountancy April 2013 Semester Fundamentals of Financial Management Tutorial 3: Financial Accounting Fundamentals (Part II) for Week Beginning 6 May 2013. Peruse the Business Times article, â€Å"Beginner’s Guide to Equities†, dated on 25 April 2011 and answer the accompanying inquiries: In occasion of liquidation, what right unmistakably recognizes an investor from a leaser (who has loaned cash to the organization)? Loan boss is the need of pay What benefits do inclination investors appreciate that conventional investors don't have? Benefit of inclination investors : Fixed paces of profits Priority of guarantee in liquidation Possibilty of redemtion of offers Priority of installment of profits Which class of investors would hope to receive more prominent rewards from an exceptionally productive organization? Why? 2. The accompanying things are accommodated RS Enterprise on 30 September 2011: Cash $7,635 Office Equipment $14,160 Other Receivables $1,680 Rent Expense $7,200 Retained Losses (1 October 2010) $27,000 Share Capital $30,630 Trade Payables $15,420 Trade Receivables $7,650 regarding the Statement of Comprehensive Income arranged in Tutorial 2, complete the Statement of Financial Position for RS Enterprise. We will compose a custom exposition test on Financil or then again any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page $ Current Assets Cash 7635 Trade receivables 7650 Other receivables 1680 Sub-all out 16965 Non-current Assets Fixed Assets Office hardware 14160 Total Assets 31125 Current Liabilities Trade payables 15420 Non-current Liabilities 0 Total Liabilities 15420 Equity Share capital 30630 Retained misfortunes (- 27,000 + 12,075) 14925 15075 Total Liabilities and Equity 31125 The accompanying things are accommodated EFS Limited on 31 December 2012: Accounts payable $3,500 Accounts receivable $3,400 Bank overdraft $2,000 Cash $15,100 Equipment $27,000 Furniture Fixtures $15,000 Held profit (1 Jan 2011) $11,430 Share capital $40,000 concerning the Statement of Comprehensive Income arranged in Classwork 2, complete the Statement of Financial Position for EFS Limited $ Current Assets Cash 15100 Accounts receivable 3400 18500 Non-current Assets Fixed Assets Furniture and installations 15000 Equipment 27000 42000 Total Assets 60500 Current Liabilities Accounts payable 3500 Bank Overdraft 2000 5500 Non-current Liabilities 0 Total Liabilities 5500 Equity Share capital 40000 Retained Earnings (11,430 + 3,570 ) 15000 55000 Total Liabilities and Equity 60500