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Jan 1st : capital $20,000 was paid into a business bank account.
Jan 2nd : paid rent $500 by cheque
Jan 4th : returned goods $100 to Jake
Jan 7th : sold goods $1700 on credit to Clara
Jan 9th : paid $3000 by cheque to Jake
Jan 12th : Clara paid $1000 by cheque
Jan 13th : paid office expenses in cash $20
Jan 14th : cash sales $1500
Jan 15th : cash withdrawn for personal use $500
Record the above transactions using the double entry system and bring down the balance on 1st Feb 2018.
What is the market demand equation?
At a price of $2, what is the point price elasticity for each person and for the market?
A – M: Calculate the accounts receivable turnover and the average collection period ratio for The Coca-Cola Company for the most current year presented. Explain what the results indicate about the company. Summarize how well Coca-Cola is collecting on its receivables based upon the type(s) of products it sells and the industry in which it competes. Justify your speculation by using supporting facts from the income statement, balance sheet, or other resources.
2. On 1st February the company issued 30,000,000 Ordinary shares at RM1.80. The application received were oversubscribed by 5,000,000 units. The applications monies in respect of the unsuccessful applications were returned to the applicants.
3. The company also issued additional 2,000,000 unit of 7% Preference shares at RM 4 each. The shares undersubscribed by half.
4. On 1st April 2019, 8% Debentures RM500,000 were issued . The effective interest rate is 9% and the issuance cost incurred is RM10, 000. The company decided to use amortised cost method in recognising the debentures.
5. Investment costing RM600, 000 was sold at a gain of RM15, 000.
- 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).
