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every year. B died on 30th June. A and c decided to share future profits in the
ratio of 3:2. Which of the following journal entry will be passed for providing
profit of the deceased partner upto the date of death: [1]
(a) Profit and Loss Suspense Account Dr.
To B’s Capital Account
(b) Sacrificing Partners’ Capital Account Dr.
Gaining Partners’ Capital Account
(c) Gaining Partners’ Capital Account Dr.
To Sacrificing Partners’ Capital Account
(d) All partners’ Capital Account Dr.
To Profit and Loss Appropriation Account
in the next month. The Cost of the goods was Rs50000. They usually sells the goods at
10% mark up.
What is the market demand equation?
At a price of $2, what is the point price elasticity for each person and for the market?
- Define and identify the type of Income / Expenses
- Treatment of the Income / Expenses in the Profit and Loss account, Impact of the
Income / Expenses in the Balance Sheet
a. You purchased 10 shares of L& T Company last year. On 5th March 2019, the
company has declared a dividend Rs 50 per share. The income is earned but not yet
collected in your account during this financial year. (5 Marks)
b. On 5th March 2019, Mehta Brothers received 100% advance for goods, to be supplied
in the next month. The Cost of the goods was Rs50000. They usually sells the goods at
10% mark up.
Question text
Most of companies in Kenya have put a lot of resources that focus on how businesses should adapt to counter the effects of the COVID-19 pandemic. Normally, when starting a financial review, you start with revenues at the top of the income statement and work your way down through sales costs and overhead expenses. In these unique times, it’s better to flip this approach and focus on expenses first and speak to revenues second. Discuss
What role can the Fed/central Bank play in the foreign exchange market
Anne, who is a Canadian saver, would like to invest $65,000 dollars (Canadian dollars to be precise). She is considering two options, buying a Canadian discount bond or a Russian discount bond, and Anne would like you compare returns on both options. The world risk-free rate is 0.25%. There is no risk premium on the Canadian discount bond, and the risk premium on the Russian discount bond is 5%. The current nominal Russian-Canadian exchange rate is ecan=56 Rubbles (Rubbles per Canadian dollar). Before the pay-out next
period, you expect (and of course, Anne agrees with you), Rubbles will depreciate relative to Canadian dollar, efuture=60 Rubbles (again, Rubbles per Canadian dollar). Based on your forecast, what is the expected rate of return (% yield) on each investment. For simplicity, please assume zero transaction costs and no difference in taxes (zero taxes on both options).
