Ownerh for tea3.Onko100a)4.DrawEg.How much stock is sold?Vehicles tequation.accountsCapita'The owner methat+ SALESg accountisabelCalculate the selling price of the stock sold.*How much of the stock is left unsold ?15000 - 2000eEXERCISE 12Use the following two transactions to complete this exercise:Purchased trading stock per cheque, R5 000.Sold R2 000 of the stock for cash at a profit mark-up of 60%.Required: (Show workings)3200EXERCISE 2.2015115000LEVEL29.%Bank 3200ACTUAL MARKado AereUse the following T- Accounts, try to complete the double entry principle for the a+BANKTRADING SSales 3200EMO5000SIMULATION...trading 2000COST OFEXERCISE 13Arrange the following steps in the accounting cycle in the correct sequence. Windicate the corect sequence:

Selling Price = Cost of Goods + Profit Margin

Answered: EXERCISE 12 Use the following two…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A. B. Question 2 Given the order book for ABC Limited, Orders to buy Price 2.00 1.95 1.90 Quantity 10000 5000 5000 Orders to sell Price Quantity 2.10 2000 2.15 20000 2.20 10000 Required With the order book above, suppose a market order arrives to buy 3,000 shares, Al. At what price will the trade occur? A2. What is the cost of the 3,000 shares to the trader? A3. What will the new limit order book look like after the transaction is completed? A4. If the investor sells this 3,000 shares at the price of $2.3 per share one month later, what is the discrete holding period return for investing in this share? With the order book above, suppose a limit order arrives to buy 1000 shares at $2.05, B1. At what price will the trade occur? B2. what will the new limit order book look like after this transaction?
Question 4 An investor bought 100 shares of following 3 securities. You are required to calculate overall HPY and HPR and also suggest to investors by using HPR and HPY about the most profitable security. Bought FFC for Rs. 102 and sell for Rs. 115 ENG for Rs. 150 and sell for Rs. 172MEL for Rs. 456 and sold for Rs. 421
Question 23 Not yet answered Points out of 3.00 Flag question The Shippecasse Company had a Current Ratio of 12. The Company declared a $10,000 cash dividend to preferred shareholders and immediately paid 70% of it. What is the combined effect of these two transactions on the current ratio and total stockholders' equity, respectively? Select one: O a. Increase, Increase Ob. Decrease, Decrease Oc Increase, Decrease Od. No Effect, increase Oe Decrease, No Effect
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Additional Problem 3-5 Suppose that you just short sold 100 shares of Quiet Minds stock for $86.00 per share. Required: a. If the initial margin requirement is 60%, how much equity must you invest? (Round your answer to the nearest dollar) Equity b. Construct the balance sheet that corresponds to the transaction described in requirement a Stock T-bilis Total assets Assets Liabilities and Equity Short position (100 shares) Equity Total liabilities and equity
Q16 An entity issued 1 500 debentures with face value of R20 000 each. The coupon rate on the debentures is 12% paid annually in arrears. In order to speed the sale of the debentures, the directors decided to issue them at 10% discount. How much cash will the entity receive if all the debentures are fully subscribed and paid for?
Esc Chapter 12 Practice Problems 1. Suppose a stock had an initial price of $77 per share, paid a dividend of $1.35 per share during the year, and had an ending share price of $83. Compute the percentage total return. Q Search 1 Q A N @ 2 W S F2 X # 3 E F3 D $ 4 R F DII % 5 F5 T G * F6 A 6 Y B * H & 7 PrtScn U N * 8 Home 1 M 9 Page K End о F10 ) 0 PgUp F11 P
Q14 An entity issued 1 500 debentures with face value of R20 000 each. The coupon rate on the debentures is 12% paid annually in arrears. In order to speed the sale of the debentures, the directors decided to issue them at 10% discount. What amount would be recorded by the entity in its statement of financial position under non-current liabilities? Select one: a. R20 000 b. R15 000 000 c. R30 000 000 d. R27 000 000
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ooredoo 46 ON 86 5:50 New Microsoft Word Docume. Calculate gross profit margin and net profit margin from the following? Opening stock = 1000 Purchases = 2000 Carriage inwards – 100 Wages - 150 Carriage outwards – 150 Rent and insurance - 200 Salaries -300 Depreciation - 100 Direct expenses – 100 Return inwards - 300 Return outwards – 400 Sales – 3000 Closing stock - 800 Dividend received – 200 Interest received - 150
QUESTION 109 Hello Ltd. purchased goods at the cost of Rs.20 lakhs in October. Till the end of the financial year, 75% of the stocks were sold. The Company wants to disclose closing stock at Rs.5 lakhs. The expected sale value is Rs.5.5 lakhs and a commission at 10% on sale is payable to the agent. You are required to ascertain the value of closing stock?

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