and Statutory Audit (2 marks) 13. The following Trading and Profit and Loss Account of Fantasy Ltd. for the year 31 March 2000 is given below: 26 Particular To Opening Stock Purchases Carriage and Freight Wages Gross Profit b/d Rs. 5,00,000 98,500 re 2 Rs. Particular 76,250 By Sales 3,15,250 Closing stock 2,000 5,000 2,00,000 5,98,500 SE 5,98,500 2,00,000 se To Administration expenses Selling and Dist. expenses Non-operating expenses * Financial Expenses Net Profit c/d 1,01,000 By Gross Profit bſd 12,000 Non-operating incomes: 2,000 Interest on Securities 7,000 * Dividend on shares 84,000 "Profit on sale of shares 2,06,000 1,500 3,750 750 2,06,000 Required: Calculate (i) Gross profit ratio (ii) Expenses ratio (iii) Operating ratio (iv) Net profit ratio (v) Stock turnover ratio (5 marks)

You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?

Exercise 12-7 shown below are comparative balance sheets for flint corporation. flint corporation comparative balance sheets december 31 assets 2017 2016 cash $ 201,348 $ 65,142 accounts receivable 260,568 225,036 inventory 494,487 559,629 land 236,880 296,100 equipment 769,860 592,200 accumulated depreciation—equipment (195,426 ) (94,752 ) total $1,767,717 $1,643,355 liabilities and stockholders’ equity accounts payable $ 115,479 $ 127,323 bonds payable 444,150 592,200 common stock ($1 par) 639,576 515,214 retained earnings 568,512 408,618 total $1,767,717 $1,643,355 additional information: 1. net income for 2017 was $275,373. 2. depreciation expense was $100,674. 3. cash dividends of $115,479 were declared and paid. 4. bonds payable amounting to $148,050 were redeemed for cash $148,050. 5. common stock was issued for $124,362 cash. 6. no equipment was sold during 2017. 7. land was sold for its book value. prepare a statement of cash flows for 2017 using the indirect method.

The hypothetical country of eurica is experiencing severe competition to its domestic auto industry in the form of foreign imports. many jobs are threatened. eurica places a 25 percent tariff on the price of imported cars. this type of tariff is known as a(n) tariff.