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Mohd Harun has the following particulars in his balance sheet as on 30 April 2013:
Capital RM18,400; Creditors RM2,100; Fixtures RM2,800; Car RM3,900; Inventory RM4,550; Debtors RM2,780; Cash at bank RM6,250; Cash in hand RM220.
During the ?rst week of May 2013:
(a) He bought extra inventory RM400 on credit.
(b) One of the debtors paid him RM920 by cheque.
(c) He bought a computer by cheque RM850.
Problem 1: Draw up a balance sheet as on 7 May 2013 after the above transactions have been completed.
Orchard has forecast sales to be $125,000 in February, $141,000 in March, $158,000 in April, and $142,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 60% in the month of sale, and 40% t..
The company has been conducting research and development of a new model where the lower, Calculate the present value index of the project
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You could earn 5.5% on your money in other investments with equal risk. Determine What is the most you should pay for the annuity?
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