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On 29 March 202,Justin deposited 3500 into savings account.The simple interest rate agreed upon was7,5%per year.The accumulated amount in the savings account on 1 October 2022 is?
Determine the present value of loan if R12000 is due in 5 years,at a simple discount ra15% per annum
An effective rate of 29.61% corresponds to a nominal rate,compounded weekly,of?
Xander writes textbooks that sell for x dollars. He received a bonus of $2,500 for signing a contract, and he receives 8% commission on each book sale. Express the total amount of income Xander earns from selling y books algebraically.
The manufacturer of product Gero requires three distinct processes A-C. On completion the product was passed from process C to finished goods stock. The following information was obtained in respect of the product
5,000 units of raw materials at ksh 250 were issued to process A and other costs incurred are given below
ELEMENT OF COST
PROCESS
TOTAL
A
B
C
Kshs
kshs
kshs
Kshs
Direct materials
5,000
12,000
18,000
35,000
Direct labour
30,000
20,000
10,000
60,000
Direct expenses
2,800
5,200
2,000
10,000
Production overheads
-
-
-
90,000
Production overhead is absorbed by each process at 100% of direct labour
You are required to prepare the process accounts
ABA Marketing is currently selling at ₱1,870 and with a dividend of ₱150. What is the current yield of the stock?
Write true if the statement is true
Write false if the statement is false
1.the amount of an employees gross earnings is the total amount that he or she earns in a specific period.
2.the net earnings of an employee are the sun of his or her gross earnings and the total deductions.
3.the minimum wage in a certain region refers to the latest amount that a worker in that region should receive in exchange for a rendered service.
4.a seperation pay must be given to an employee who was dismissed from a company due to a crime that the employee committed.
5.a night shift differential refers to the additional compensation a wage earner receives for working between 9pm to 6 am.
6.a maternity leave benefit is given to all married employees who sre pregnant.
7.a holiday pay refers to the additional compensation required by law for work performed within 8 hours on nonworking regular days.
.
.
Determine the present value of a loan if R12 000 is due in ve years' time, at a simple dis
ount rate of 15%
per annum.
[1℄ R12 656,25
[2℄ R12 972,97
[3℄ R13 125,00
[4℄ R13 664,28
QUESTION ONE
The manufacturer of product Gero requires three distinct processes A-C. On completion the product was passed from process C to finished goods stock. The following information was obtained in respect of the product
5,000 units of raw materials at ksh 250 were issued to process A and other costs incurred are given below
ELEMENT OF COST PROCESS TOTAL
A B C
Kshs kshs kshs Kshs
Direct materials 5,000 12,000 18,000 35,000
Direct labour 30,000 20,000 10,000 60,000
Direct expenses 2,800 5,200 2,000 10,000
Production overheads - - - 90,000
Production overhead is absorbed by each process at 100% of direct labour
You are required to prepare the process accounts
A. Distinguish the following terms as used in the Not-for- profit organizations.
i. Capital and revenue donations
ii. Receipts and payment accounts
Life fund
