: For the remaining questions, please consider the following transactions that happened in The Dorchester Company Ltd. in 2015 (amounts in £000): · Credit sales amounted to 5,000 (nothing was paid by year-end). · Cash sales amounted to 3,000. · Purchases of inventory (on account) amounted to 10,000 (7,000 were paid by year-end). · Cost of goods sold amounted to 6,000. · Sales and administration expenses (all paid in cash) were 1,450. View
: Irwin Company obtained a five-year, €100,000 bank loan at the end of year x0. The principal had to be repaid in equal installments every December 31st starting in x1. The yearly interest rate is 4% and is also paid every December 31st. Please answer the following two questions: View
: Agrokinsey Inc. acquires a new piece of equipment in the beginning of 2016 at a cost of €20,000. The company estimates that the equipment’s useful life is 10 years and its salvage value €4,000. Agrokinsey follows the straight-line depreciation method. Answer the following five questions: View
