Joint text on questions 1 to 12 Assume that in your role as...

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Accounting

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Joint text on questions 1 to 12 Assume that in your role as financial advisor you have once again been given a pedagogical assignment to explain some financial issues to the management of a limited company. As an information base, you have access to the balance sheets below that show the company's financial position at the beginning and end of the financial year 2019. All amounts in the reports are stated in thousands of kronor. You should also assume the following: the tax rate is 22% and all current liabilities are interest-free. No new share issue has been made, but a dividend of SEK 80,000 has been made during the year. No new bank loans have been taken out and the annual interest rate on the company's existing bank loans is 6%. All sales during the year were made per invoice and all sales invoices issued during the year included VAT of 25% Assume that the personnel tax is 30% and the employer contributions are 31.42%. Balance sheet 2019 (SEK thousand) Assets Fixed assets Inventory Accounts receivable Cash and bank balances Total Assets 01-jan 2019 4 000 3 000 4 600 2 235 13 835 31-dec 2019 5 200 1 500 2 500 2 190 11 390 Equity and liabilities Share capital Retained earnings including profit for the year Untaxed reserves Bank loan Accounts payable Other short-term liabilities 01-jan 2019 2 000 1 540 1 400 3 3001 3 095 2 5001 31-dec 2019 2 000 2 150 1 700 3 300 1 900 340 Equity and liabilities 13 835 11 390 Question 1 (2 points) Indicate what the company's assets intended for long-term use amount to at the end of 2019. Answer in SEK thousand. Question 2 (2 points) Indicate what the year's depreciation must have amounted to if the year's investments amounted to SEK 1,800,000. (Assume that the company did not sell any existing assets during the year). Answer in SEK thousand. Question 3 (2 points) Indicate the size of the measures taken by the company during the year to change the tax result for the year. Answer in SEK thousand. If the measure has had a negative effect on the tax result for the year, enter a minus sign (-). Question 4 (2 points) Indicate what the cash flow for the year must have been. Answer in SEK thousand, in case of any negative cash flow, enter minus sign (-). Question 5 (2p) Indicate what the company's financial costs should have been reported in the company's income statement for the year 2019. Answer in SEK thousand

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