How about Q 9 and 12 ?
ans to q9
At 1st jan 2008, 100000 loan was outstanding..20000 had to be paid each year, right?
so at the end of year. $20000 would be paid..and $20000 would be shifted from long-term liabilities to short-term liabilities
this means..that the remaining value of debenture is $60,000 and $20000 would have to be paid next year. hope yuh understood.
ans to q 12
50/500 * 100 = 10%
sales - COGS = gp
500 - 400 = 100
100 * 100/110 = 90.909 * 1000 = $90909
hope yuh understood. =]