TMA 03- Designer Labels Question 1 a) An income statement is used to show profit and loss; Kathryn can compare each financial year to see how the company is getting on and what department is doing well. An income statement will show all expenses incurred in the business such as delivery‚ office space‚ staff wages and the products. The income statement becomes useful to Kathryn when deciding to see how Designer Labels is getting on because it would show the income from sales and this can be broken
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Graded Assignment Unit Test‚ Part 2 Show all your work. (7 points) 1. A health department estimates that 8 vials of malaria serum will treat 100 people. At this rate‚ how many vials are required to treat 175 people? Write your answer as a complete sentence. Answer: 8/100 = 0.08*175=14 So‚ 14 vials are required to treat 175 people. (7 points) 2. A chemist wishes to make 3 liters of a 7% acid solution by mixing a 9% acid solution and a 4% acid solution. How many liters of each solution
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Question 1- Analyze the following transaction under traditional approach. 18.1.2011 Received a cheque from a customer‚ Sanjay at 5 p.m. Rs.20‚000 19.1.2011 Paid Ramu by cheque Rs.1‚50‚000 20.1.2011 Paid salary Rs. 30‚000 20.1.2011 Paid rent by cheque Rs. 8‚000 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 25.1.2011 Paid an advance to suppliers of goods Rs. 1‚00‚000 26.1.2011 Received an advance from customers Rs. 3‚00‚000 31.1.2011 Paid interest on loan Rs. 5‚000 31.1.2011 Paid
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Section 1 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) -Create a budget -Plan for retirement 2. What is trade? (0.5 points) -Trade is the exchange of things of value 3. What is a service? (0.5 points) -Service is something of value that a person 4. Name one of the three functions of money. (0.5 points) Medium of exchange: Money can be
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is an income statement? (0.5 points) Financial statement for results of a specific time 3. What is the balance sheet equation? (0.5 points) Assets= liabilities + owner’s equity 4. What is a financial ratio? (0.5 points) Comparing finance between two groups 5. What does the following equation represent: Total liabilities ÷ Total assets? (0.5 points) Debt ratio 6. What is cash basis accounting? (0.5 points) Method used to track income and expenses sorry i dont
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Revisions Questions – ACFI2005 Question One Banks invest in financial securities that they hold in their securities portfolio. A proportion of these securities may be government securities. Government securities are regarded as essentially risk-free and therefore pay a low rate of return. Why then do banks invest in this type of security? • primary source of liquidity—government securities easily converted into cash • invest short-term surplus funds—securities provide a return‚ cash does
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LESSON 1 1) Name at least two things that financial planning help you do. - It helps you track all inflows and outflows. - The cash flow planning shows you when you might run out of cash. Therefore‚ you will have to conserve your cash! 2) What is trade? - The action of buying and selling goods and services. 3) What is a service? - The action of helping or doing work for someone. 4) Name one of the three functions of money. - A unit of account - it used to measure 5) The real estate market
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1. Describe two examples of important things that financial planning skills can help you do‚ and explain why these things are important to you personally. (4-6 sentences. 2.0 points) Two examples of important things that financial planning skills can help you do are planning for retirement and creating a budget. Planning for retirement can make for a better and easy future. Planning for retirement will also help you learn how to make investments and save money. Creating a budget will help you
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Question 1 Reliable Gearing currently is all-equity financed. It has 10‚000 shares of equity outstanding‚ selling at $100 a share. The firm is considering a capital restructuring. The low-debt plan calls for a debt issue of $200‚000 with the proceeds used to buy back stock. The high debt plan would exchange $400‚000 of debt for equity. The debt will pay an interest rate of 10%. The firm pays no taxes. a. What will be the debt-to-equity ratio after each possible restructuring? b. If earnings
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Section 1 Study Questions (9.0 points) Answer each question fully. Complete sentences are not necessary. Lesson 1 (3.0 points) 1. Name at least two things financial planning could help you do. (0.5 points) Save and invest money. Purchase items at a lower price 2. What is trade? (0.5 points) The exchange of things of value 3. What is a service? (0.5 points) It is something of value that a person can do for other people. 4. Name one of the three functions of money
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