Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Why Can't I work this out?

  • 10-01-2011 2:58pm
    #1
    Big Mouth
    Closed Accounts Posts: 234 ✭✭


    Well I can but someone else disputing with me, Say for example, you were partners in a shop and it has closed:

    The Cash Lodged is 226,000 overall and the amount invoiced from suppliers is 152,000...........the stock balance at closing is 31,500.


    Now ex's include only Rent @44,000, wages, esb, rates etc are not included for now

    What would be the "profit" left over each between two partners?

    I know VAT, Tax and other costs must be considered but forget them for this example please!! Thanks in advance


Comments

  • #2
    Kinetic^
    Closed Accounts Posts: 13,249 ✭✭✭✭Kinetic^


    Big Mouth wrote: »
    Well I can but someone else disputing with me, Say for example, you were partners in a shop and it has closed:

    The Cash Lodged is 226,000 overall and the amount invoiced from suppliers is 152,000...........the stock balance at closing is 31,500.


    Now ex's include only Rent @44,000, wages, esb, rates etc are not included for now

    What would be the "profit" left over each between two partners?

    I know VAT, Tax and other costs must be considered but forget them for this example please!! Thanks in advance

    You haven't provided enough details.


  • #3
    Big Mouth
    Closed Accounts Posts: 234 ✭✭Big Mouth


    Such as? If you were working on those details alone what figure would you come up with?


  • #4
    infamous
    Closed Accounts Posts: 100 ✭✭infamous


    Will u get 31,500 for the stock now that you are closed. Based on your figures
    Cash at hand 226,000
    Creditors 152,000
    Bal` 74,000

    Rates 44,000

    This leaves 30k to split between partners ignoring wages rates tax vat etc. Then whatever you can realise from the 31,500 stock to be split aswell.


Advertisement