In June 2024
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1. Presented Below are selected transactions for ABC Company during June 2021. ABC uses the perpetual inventory system.
June 4 Purchase merchandise from Mr. X at a cost of taka 45000, terms FOB shipping point, 3/10, n/30.
June 5 Paid freight charges of taka 2000 on June 4 merchandise purchase
June 7 Returned damaged goods costing taka 7000 received from Mr. X
June 13 Sold merchandise to Mr. Y costing taka 15000 on accounts for 21000, terms FOB destination point 1/10, n/30.
June 14 Paid Mr. X due related to June 4 transactions.
June 15 Paid freight on June 13 sale taka 2500.
June 16 Made refunds to Mr. Y for defective Merchandise taka 2100
June 21 Received balance due from Mr. Y.
Requirement: Journalize the transactions using net basis.
A home was bought with a 20% down payment of R177 175,00. The balance was financed for 20 years at 9,4% interest per annum, compounded semi-annually. Find the size of the half-yearly payments for the loan. [1] R49 523,75 [2] R39 619,00 [3] R11 885,70 [4] R6 310,10
Your firm’s R&D department has been working on a new process that, if it
works, can produce oil from coal at a cost of about $5 per barrel versus a
current market price of $28 per barrel. The company needs $10 million of
external funds at this time to complete the research. The results of the research
will be known in about a year, and there is about a 50-50 chance of success. If
the research is successful, your company will need to raise a substantial amount
of new money to put the idea into production. Your economists forecast that
although the economy will be depressed next year, interest rates will be high
because of international monetary problems. You must recommend how the
currently needed $10 million should be raised—as debt or as equity. How
would the potential impact of your project influence your decision?
2.Emily buys a toaster during the sale for 10% off. If Ellen pays P 3600, What was the Original price?
3.Zack has an old car. He wants to sell it for 60% off the current price. The market price is P 500, 000.00. How much money would he receive in exchange for the car if he were able to sell it at to that rate?
Pete Smith found in his attic a Woody Woodpecker watch in its original box. It had a price tag on it for $5.30. The watch was made in 1947. Pete brought the watch to an antiques dealer and sold it for $37. What was the percent of increase in price?
A major source of revenue in Texas is a state sales tax on certain types of goods and services. Data are compiled and the state comptroller uses them to project future revenues for the state budget. One particular category of goods is classified as Retail Trade. Four years of quarterly data (in $millions) for one particular area of southeast Texas follow:
interest of an annual rate of 0.25 or 25%. He wants to have 1.5 times the invested amount
in the account after 5 years.
A) Determine the size, P of the required annual payment.
B) Create a table and do a step by step calculation to verify your answer in part A
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#340153 on Dec 2023