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Mr. Shil Wants to record the financial transactions of his newly started business. Discuss what accounting steps/stages he need to adhere so that the transactions can be duly recorded and processed in order to prepare the financial statements.
9.The valuation of an annuity entails concepts such as ____________________
a.None of the option
b.time value of money, interest rate, and future value
c.time value of money and future value
d.interest rate and future value

10.Payments that are required at the beginning of each period denotes _____________
a.ordinary compound interest due
b.ordinary annuity due
c.ordinary simple interest due
d.Annuity Due
7.Straight bonds usually pay coupon payments at the end of every six months until the bonds maturity date is an example of…
a.ordinary simple interest
b.Ordinary compound interest
c.ordinary annuity
d.actual simple interest

8.Mortgage payments are
a.ordinary annuity
b.perpetuity
c.annuity due
d.annuity-immediate
1._______________ are essentially a series or fixed payments required from you or paid to you at a specified frequency over the course of a fixed time period.
a.Annuities
b.percentage interest
c.simple interest
d.compound interest

2.If the original principal is p Naira and if the interest is compounded annually at the rate of r per year, then at the end of the first year the new principal will be …
a.\\(P(1+r)^{2}\\)
b.P(1+rn)
c.p(1+r)
d.P+r
how to fill out a deposit form
What is the Double declining balance of depreciation (DDB) of four years depreciation schedule for a truck that was purchased for 30000000/= with a life time of 4 years and has residual value of 2000000/=?

(i) Rs. 16,820 is divided between two persons Mr. X and Mr. Y, 27 and 25 years old respectively; and their money is invested at 5% per annum compound interest in such a way that both receive equal money at the age of 40 years. Find the share of each out of Rs.16,820.


Consider two Tanzanian Banks, A and B, with the following quotes which are expressed as Ksh/Tsh.

Bank A Bank B

Tsh quote Bid Ask Bid Ask
Ksh0.06 Ksh.0.07 Ksh 0.08 Ksh0.09

Required
Compute the gain from locational arbitrage to a Tanzanian investor with Kshs.30 million to invest
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What is a quick way to determine which savings account will pay the most interest?
Best Buy is having a 20% off sale on all flat screen TVs. What would be the sales price of a $350 TV be?
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