X Ltd sells goods at a gross profit of 20 per cent. It includes depreciation as a part of cost of…

X Ltd sells goods at a gross profit of 20 per cent. It includes depreciation as a part of cost of production. The following figures for the 12 month-period ending March 31, current year are given to enable you to ascertain the requirements of working capital of the company on a cash cost basis.  In your working, you are required to assume that: (i) A safety margin of 15 per cent will be maintained; (ii) Cash is to be held to the extent of 50 per cent of current liabilities; (iii) There will be no work-in-progress; (iv) Tax is to be ignored; (v) Finished goods are to be valued at manufacturing costs. Stocks of raw materials and finished goods are kept at one month’s requirements. Sales at 2 month’s credit, Rs 27,00,000 Materials consumed (suppliers’ credit is for 2 months), Rs 6,75,000 Wages (paid on the last day of the month), Rs 5,40,000 Manufacturing expenses outstanding at the end of the year (cash expenses are paid one month in arrear), Rs 60,000 Total administrative expenses (paid as above), Rs 180,000 Sales promotion expenses (paid quarterly in advance), Rs 90,000

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more