1.1 Which one of the following would reduce the cash balances of a business and not reduce the profit for the year? Select one: a. Interest paid b. Distribution costs c. Remuneration to directors d. Dividends paid   1.2 Goods costing R180 000 sent out to consignee to show a profit of 20% on Invoice Price. Invoice price of the goods will be______. Select one: a. R216 000 b. R225 000 c. R210 000 d. R281 250   1.3 Goods sent on consignment Invoice value R200 000, at cost + 331/3 %. 1/5th of the goods were lost in transit. Insurance claim received R10 000. The amount of abnormal loss to be transferred to General P/L is___. Select one: a. R30 000 b. R20 000 c. R35 000 d. R25 000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Please assist by providing the correct answer for 1.1,1.2 and 1.3

 

1.1

Which one of the following would reduce the cash balances of a business and not reduce the profit for the year?
Select one:
a. Interest paid
b. Distribution costs
c. Remuneration to directors
d. Dividends paid
 
1.2
Goods costing R180 000 sent out to consignee to show a profit of 20% on Invoice Price. Invoice price of the goods will be______.
Select one:
a. R216 000
b. R225 000
c. R210 000
d. R281 250
 
1.3
Goods sent on consignment Invoice value R200 000, at cost + 331/3 %. 1/5th of the goods were lost in transit. Insurance claim received R10 000. The amount of abnormal loss to be transferred to General P/L is___.
Select one:
a. R30 000
b. R20 000
c. R35 000
d. R25 000
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