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Given below is a list of selected transactions performed by John Décor during the month of December 2017.

Dec. 1 Mr. John transferred cash from his personal account to the business 150,000.

“ 1 Paid five months’ rent in advance, 30,000

“ 1 Paid annual Insurance premium of 7,200

“ 11 Purchased a truck for 110,000 by paying 60,000 Cash and giving a notes payable for the difference.

“ 12 Purchased equipment on account, 11,000

“ 13 Purchased supplies on account 2400.

“ 14 Paid insurance premiums of 8100

“ 15 Received cash for services completed 36,000.

“ 18 Paid salaries of 9000.

“ 21 Paid its liabilities for the purchase of equipment made on December 12

“ 24 Provided Service on account, 52,000

“ 27 Paid utilities expense 12,500.

“ 28 Received cash from customers on account 24,000

“ 30 Paid salaries to employees 5,000

“ 30. The owner withdrew 2,000 for personal use.

Required:

a) Record the above transactions in General Journal & Post each entry.


12) Suppose you have a K1, 000 bank deposits. The interest rate is 6% compounded quarterly for 1 year. What is the Effective Annual Interest Rate (EAR)? 13) Bond C has a K1,000 face value and provides an 8% annual coupon for 30 years. The appropriate discount rate is 10%. What is the value of the coupon bond? 14) Bond P has a K1, 000 face value and provides an 8% annual coupon. The appropriate discount rate is 10%. What is the value of the perpetual bond?

A company offer annual payments of K1000 at the beginning of each year for the next three years. What is the present value of this annuity discounted at 7%? 11) Assume that you invest your funds at an interest rate of 10%. What will be your real rate of interest if the inflation rate is: a. 2% b. 6%

7) Find the Future Value of an annuity for K1000 paid at the end of each year for 3 years assuming interest is compounded annually at 7%? 8) Find the future value of an annuity due where $1000 is paid at the beginning of each year for 3 years at 7%? 9) A company offer annual payments of K1000 at the end of each year for the next three years. What is the present value of this annuity discounted at 7%?

What is the present value of K5, 000 if the interest rate or discount rate is 7% per year for a period of? a. One year b. Two c. Three 6) Assuming you want to buy home furniture costing K15, 000 and the supplier has given you two payment plan options. Option one requires you to pay the entire amount now and option two entering into an instalment plan where you pay K7,000 down today and make payments of K4,500 in each of the next two years. Assume that the interest rate you can earn on safe investments is 10%. Which option is cheaper?




2) Assume that you want to have K1000 in a year’s time and the nominal interest rate is 10%. How much do you need to invest now to produce K1000 in a year’s time? 3) Assume that you want to have K1000 in a year’s time and nominal interest rate is 10% and the inflation rate of 7%. How much do you need to invest now to produce K1000 in a year’s time? 4) Assume you need K5, 000 next year to buy a printer. The interest rate is 10% per year. How much money should you set aside now in order to pay for the printer?

a. Brainstorm ideas on the character that the student would like to feature in order to create a vivid picture of what someone looks like. It may be someone the student personally knows, a person in history, or a story character or others.

b. The student must create or complete a graphic organizer of the character being featured, such as his or her physical appearance or personality traits.

c. The student will, then, create a draft of the character sketch.

d. Revise and proofread the draft.

e. The student must have to conceptualize on how to promote the ICT program.

d. The student must also include a title for the personality sketch.

e. The character sketch must incorporate the logo of the university and the department.

The character sketch must also incorporate the VMGO of the university and the department itself.



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