XYZ has decided to reconstruct the company eliminating unprofitable lines. Its is estimated that if...
60.1K
Verified Solution
Link Copied!
Question
Finance
XYZ has decided to reconstruct the company eliminating unprofitable lines. Its is estimated that if GHS 25,000,000 additional capital is provided, a minimum net profit of GHS5,000,000 could be made in 2013. The following information is available:
GHS'000 GHS'000
Non current assets:
Goodwill 40,000
property, plant and equipment 45,000 85,000
Current Assets:
Inventories 25,000
Trade receivables 45,000
.................
70,000
Less: Current liabilities
Overdraft 30,000
sundry payables 25,500
................
50,500
............. 19,500
...........
105,000
..................
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.