Profit And Loss And Balance Sheets Page 24
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26Suppose a machine had to be bought with a new loan of £15,000 over 5 years. ABC
Engineering now has loans of £15,000 costing £625 in repayments and £175 in interest
per month
and
a loan costing £417 in repayments and £183 in interest per month. The
new machine increases gross profit to £6,000 gross profits of £3,000.
3 : What would ABC Engineering's net profit be after deducting these costs?
Answers can be found in the appendix on page 425
P 236
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business