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    Attachment 2 FinalExam S1'2016SETA

    Uploaded by

    Sarah Harun
    The document lists costs for various equipment needed for a vehicle lift business totaling RM52,000. It also includes an income statement for MD Technologies Solution showing revenue, cost of goods sold, expenses and net profit for 2015. Finally, it contains a cash flow statement for MD Technologies Solution listing cash inflows, and cash outflows including salaries, expenses and fees totaling RM350,800 resulting in a cash deficit.

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    Attachment 2 FinalExam S1'2016SETA

    Uploaded by

    Sarah Harun
    8 views4 pages
    The document lists costs for various equipment needed for a vehicle lift business totaling RM52,000. It also includes an income statement for MD Technologies Solution showing revenue, cost of goods sold, expenses and net profit for 2015. Finally, it contains a cash flow statement for MD Technologies Solution listing cash inflows, and cash outflows including salaries, expenses and fees totaling RM350,800 resulting in a cash deficit.

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    BALANCE SHEET

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    The document lists costs for various equipment needed for a vehicle lift business totaling RM52,000. It also includes an income statement for MD Technologies Solution showing revenue, cost of goods sold, expenses and net profit for 2015. Finally, it contains a cash flow statement for MD Technologies Solution listing cash inflows, and cash outflows including salaries, expenses and fees totaling RM350,800 resulting in a cash deficit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    8 views4 pages

    Attachment 2 FinalExam S1'2016SETA

    Uploaded by

    Sarah Harun
    The document lists costs for various equipment needed for a vehicle lift business totaling RM52,000. It also includes an income statement for MD Technologies Solution showing revenue, cost of goods sold, expenses and net profit for 2015. Finally, it contains a cash flow statement for MD Technologies Solution listing cash inflows, and cash outflows including salaries, expenses and fees totaling RM350,800 resulting in a cash deficit.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 4

    Attachment 2

    Question 3
    (a) One time start-up cost
    (a)
    (b)
    (c)
    (d)
    (e)
    (f)
    (g)
    (h)
    (i)
    (j)
    Two post vehicle lift

    4000

    4000

    Piston Pump with piping and nozzle

    12000

    12000

    Battery Charger

    6000

    6000

    Air Compressor

    15000

    30000

    TOTAL ONE TIME START-UP COST

    Question 4

    Attachment 2
    (a)
    MD Technologies Solution
    Income statement for the year ended 31 December 2015
    RM

    RM

    (a)
    Less:
    (b)
    Gross Profit

    (c)

    Less:
    Production overhead
    Sales and marketing expenses

    20,000

    Utilities expenses

    24,000

    Office supplies expense

    5,000

    (d)
    (e)
    (f)
    (g)

    Net Profit

    (h)

    (b)
    MD Technologies Solution

    Attachment 2
    Cash Flow Statement for the year ended 31 December 2015

    RM

    RM

    Cash Inflow

    (a)
    (b)
    (c)
    Total Cash inflow

    Cash Outflow

    Workers salary

    160,000

    Direct Labor Wages

    80,000

    Sales and marketing expenses

    20000

    Utilities expenses

    24,000

    Transportation

    32,000

    Showroom rental fee

    18,000

    Workshop

    16800

    (d)
    (e)
    (f)
    (g)
    (h)
    Total Cash Outflow

    (i)

    Cash surplus/(deficit)

    (j)

    Attachment 2

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