Emeralda Case

COURSEWORK FFBDJULY 2010 Due Date09/08/2010 Esmeralda springs surprise On 3 July, Marvin, the founder of Machiq Ltd was classification through the mornings correspondence. After get wording angiotensin-converting enzyme particular letter, he immediately summoned his fellow directors, Chiquita and Trixie, to an emergency meeting. H e passed the letter round and awaited their comments. The letter read as follows: Dear Marvin I have non written to you since 30 June 2003, in which I demanded compensation for the cruel counselling you sacked me and my family back in 2001. However, I realised that you would not pay me the £10m I demanded, so I devoted my energies to make a rival business. I rejoined my former employer, Kaboosh Ltd, and worked so challenging that I was appointed managing director. When my close friend and company chairman, Cerdew Kaboosh, died devil months ago, he left all his shares to me, so I straightway own 95% of the company. My companys performance has been so impressive that I now want to take all over your company. I am enclosing a copy of the well-nigh recent cyberspace and injury account and balance tabloid of Kaboosh Limited for your information. Yours Sincerely Esmeralda After reading the letter, it was agreed that Trixie would analyse the pecuniary summaries of Kaboosh Limited and compare them with those of Machiq Ltd.

She compiled the following summary: Profit and loss account for the year ended 30 June 30June 2005 Machiq Kaboosh ££ Sales705,6001,102,500 slight cost of sales(529,200)(661,500) Gross profit176,400441,000 Less expenses:(58,600)(175,000) meshing profit before interest117,800266,000 Less interest(1,800)(12,000) give the axe profit before taxation116,000254,000 Less provision for taxation(26,950)(47,000) Net profit after taxation89,050207,000 Less dividends(32,000)(55,000) maintained profit57,050152,000 Retained profit brought forward42,100645,000 Retained profit carried forward99,150797,000... If you want to get a full essay, monastic order it on our website: Orderessay

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