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This case study explores SLIM's financial journey starting with an investment of L.E. 25,000 in a new trading project. Over one year, SLIM invested L.E. 2,000 in advertising, generating service revenues of L.E. 4,000. After accounting for utility bills of L.E. 1,000, and selling computer services worth L.E. 8,000, SLIM managed to pay off debts and creditors effectively. With a strategic land purchase for L.E. 15,000 (with cash and notes), this study dissects SLIM's financial strategies, including depreciation methods like straight-line and accelerated depreciation.
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Case Study • SLIM decided stared a project to trade something amount L.E 25000 putted in cash • He paid L.E 2000 cash advertising for 1 year • He received cash L.E 4000 represent service revenue • He received bills of utilities about (electricity & water) L.E 1000 • He sold computer services L.E 8000 from some Debtors • He paid cash L.E 500 to some creditors • He collected L.E 4800 from some debtors • He purchase piece of Land L.E 15000 paid cash L.E 5000 and the reminder by notes
Terminology What is a meaning of the following? • Depreciation • Straight – line method • Salvage value • Accelerated Depreciation