What was the sum borrowed in the beginning

Reference no: EM132723630

1- Lamia Corporation buys wood stoves from a wholesaler. The list price of a wood stove is OMR 700, with trade discount of 35%. Find the amount of trade discount and the net price of this stove?

2- A manufacturer sold a product to wholesaler at OMR 2,300 and charged 8 % VAT. Wholesaler sold it to retailer for OMR 2,800 and charged the VAT at the same rate. Find the Input Tax, Output Tax and Tax payable to Government by each one of them

3- A certain sum of money is borrowed at a compound interest rate of 10% per annum for 3 years. After three years an amount of R.O 1331 is returned to the lender. What was the sum borrowed in the beginning?

4- Salim wants to buy a used Jeep in 5years. He estimates the Jeep will cost $15,000. Assume Salim invests $ 10,000 now at 12% interest compounded semiannually will Salim have enough money to buy his Jeep at the end of 5 years?

5- Aisha borrowed R.O 80,000 to pay her child's education at Muscat College. Aisha must repay the loan at the end of 8 months in one payment with 7 ½ % interests. How much simple interest must Aisha pay? What is the total amount she will pay?

6- Which bank has the better return for the investor? Sun Bank offers 10% interest compounded semiannually on R.O 10,000. Moon Bank offers 8% interest compounded quarterly on R.O 10,000. He expects to withdraw the money at the end of 4 years

7- Find the maturity value of the loan if the amount borrowed is 10000 at 6 3/4% interest for 8 weeks.

8- Bushra invested R.O 16,000 in Bank Sohar. Bushra will get 8% interest compounded quarterly. How much she will receive from the bank after 6 years? Calculate the compound interest

9- A machine was bought for OMR 360,000 on 30th April 2017 by Moosa Company and estimates life is 5 years with the salvage value of OMR 10,000. By using straight line method find out the following:

10- DUA purchased a big Truck at a cost of OMR30,000. The estimated life of the Truck is 15 years, with a salvage value of $1500. Find he annual rate of depreciation.

11- An equipment is bought for RO 17,500 with an estimated useful life of 4 years. The expected scrap value at the end of its useful life is RO 3,500.
Required
A. Calculate the WDV Rates.
B. Prepare a Depreciation Schedule for 4 years

13- LUC Manufacturers produces and markets two types of products - Potato chips. SAS CHIPS and BAB CHIPS
The total production capacity of the company is 8,000 units. The company instead of giving importance to both the products , seeks your opinion on which product should be produced more so that company get the highest revenue. The options are:
Option : 1 ) 5000 units of SAS CHIPS and 3500 units of BAB CHIPS
Option : 2) 3500 units of SAS CHIPS and 5000 units of BAB CHIPS
Other information :

Product	SAS CHIPS	BAB CHIPS
Selling price per unit	RO 15	15
Variable cost per unit	RO 7	RO 8
Total Fixed Cost of the company 17,000

Attachment:- Business Mathematics Assignment.rar

Reference no: EM132723630

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