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Finance
INSURANCE COMPANY Z REIMBURSES PHARMACIES AT AWP+2%+$4.50 PRESCRIPTION. hOW MUCH WILL THEY PAY FOR 120 TABLETS OF TAGAMET(AWP=$92/100)?
Finance
Pharmacy for the homeless is going to purchase a new drug storage unit for $16,000. A bank will lend the organization the case at an annual interest rate of 12%. Pharmacy will have to repay the loan in equal installments over two years. How much will they have to pay each month?
Finance
Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.)
Achieve $225,500 at 8.45% compounded continuously for 8 years, 145 days.
Achieve $225,500 at 8.45% compounded continuously for 8 years, 145 days.
Finance
An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors.
a) Rs. 44.37 paid to Anand has been credited to his account as Rs. 34.37.
b) A purchase of Rs. 145.50 has been posted as Rs. 154.50 to the purchases account.
c) An expenditure of Rs. 158 on repairs has been debited to the buildings account.
d) Rs. 80 was allowed by B as discount which has not been entered in the books.
e) A sum of Rs. 125.05 realized on the sale of old furniture has been posted to the sales account. Give journal entries to rectify the errors and show the suspense account as it would appear after adjustments Hint: Total of suspense a/c = 78.74
a) Rs. 44.37 paid to Anand has been credited to his account as Rs. 34.37.
b) A purchase of Rs. 145.50 has been posted as Rs. 154.50 to the purchases account.
c) An expenditure of Rs. 158 on repairs has been debited to the buildings account.
d) Rs. 80 was allowed by B as discount which has not been entered in the books.
e) A sum of Rs. 125.05 realized on the sale of old furniture has been posted to the sales account. Give journal entries to rectify the errors and show the suspense account as it would appear after adjustments Hint: Total of suspense a/c = 78.74
Finance
Jonas recently purchased a one-year membership at Gold's Gym. He can add a second year to the membership now for $1215, or wait 11 months and pay the regular single year price of $1280. Which is the better economic alternative if money is worth 8.5%? At what discount rate would the alternatives be equivalent?
Finance
Draw the Balance Sheet for the following information provided by Sarawath Ltd..
a. Current Ratio : 2.50
b. Liquidity Ratio : 1.50
c. Net Working Capital : Rs.300000
d. Stock Turnover Ratio : 6 times
e. Ratio of Gross Profit to Sales : 20%
f. Fixed Asset Turnover Ratio : 2 times
g. Average Debt collection period : 2 months
h. Fixed Assets to Net Worth : 0.80
i. Reserve and Surplus to Capital : 0.50
Hint: B/S total 1100000
a. Current Ratio : 2.50
b. Liquidity Ratio : 1.50
c. Net Working Capital : Rs.300000
d. Stock Turnover Ratio : 6 times
e. Ratio of Gross Profit to Sales : 20%
f. Fixed Asset Turnover Ratio : 2 times
g. Average Debt collection period : 2 months
h. Fixed Assets to Net Worth : 0.80
i. Reserve and Surplus to Capital : 0.50
Hint: B/S total 1100000
Finance
Q1. An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors. a) Rs. 44.37 paid to Anand has been credited to his account as Rs. 34.37. b) A purchase of Rs. 145.50 has been posted as Rs. 154.50 to the purchases account. c) An expenditure of Rs. 158 on repairs has been debited to the buildings account. d) Rs. 80 was allowed by B as discount which has not been entered in the books. e) A sum of Rs. 125.05 realised on the sale of old furniture has been posted to the sales account. Give journal entries to rectify the errors and show the suspense account as it would appear after adjustments Hint: Total of suspense a/c = 78.74
Finance
The following data are related to the manufacture of a standard product during the month of July 2009.
Raw materials consumed
Rs.15,000
Direct wages
Rs. 9,000
Machine hours worked
900 hours
Machine hours rate
Rs.5
Administrative overheads
20% of works cost
Selling overheads
Re.0.50 per unit
Units produced
17,100
Units Sold
16,000 @ Rs.4 per unit
Prepare a cost sheet from the above to show:
a. The cost per unit
b. The profit per unit sold and profit for the period
Hint: Profit = 24000
Raw materials consumed
Rs.15,000
Direct wages
Rs. 9,000
Machine hours worked
900 hours
Machine hours rate
Rs.5
Administrative overheads
20% of works cost
Selling overheads
Re.0.50 per unit
Units produced
17,100
Units Sold
16,000 @ Rs.4 per unit
Prepare a cost sheet from the above to show:
a. The cost per unit
b. The profit per unit sold and profit for the period
Hint: Profit = 24000
Finance
This Companyies only source of debt funding is by use of perpetual note. This note is currently pried at $55. The note pays quarterly interest on a $100 face value. Assume a constant nominal rate of 4% (in practice the rate changes over time). The total number of notes on issue equal 50000.
q1. Calculate the cost of debt for this company. (round to 4 decimal places)
The first part of this question asked for the cost of equity which is 9.69%.
q1. Calculate the cost of debt for this company. (round to 4 decimal places)
The first part of this question asked for the cost of equity which is 9.69%.
Finance
Two research workers classified some people in income groups on the basis
of sampling studies. Their results are as follow:
Investigators Income groups Total
Poor Middle Rich
A 160 30 10 200
B 140 120 40 300
Total 300 150 50 500
Show that the sampling technique of atleast one research worker is defective
of sampling studies. Their results are as follow:
Investigators Income groups Total
Poor Middle Rich
A 160 30 10 200
B 140 120 40 300
Total 300 150 50 500
Show that the sampling technique of atleast one research worker is defective
