L Deacon sets up a new business. Before he actually sells anything he has bought Motor Vehicles of Ksh 3,000,000, Premises of Ksh 7,000,000, Stock of goods Ksh 2,000.000 He still owes Ksh 800,000 in respect of them. He had borrowed Ksh 4,000,000 from D Evans. After the events just described and before trading starts, he had Ksh 300,000 Cash in hand and Ksh 600,000 Cash at bank. Required: Calculate the amount of his capital
L Deacon sets up a new business. Before he actually sells anything he has bought Motor Vehicles of Ksh 3,000,000, Premises of Ksh 7,000,000, Stock of goods Ksh 2,000.000 He still owes Ksh 800,000 in respect of them. He had borrowed Ksh 4,000,000 from D Evans. After the events just described and before trading starts, he had Ksh 300,000 Cash in hand and Ksh 600,000 Cash at bank. Required: Calculate the amount of his capital
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
Problem 1PS
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L Deacon sets up a new business. Before he actually sells anything he has bought Motor Vehicles of Ksh 3,000,000, Premises of Ksh 7,000,000, Stock of goods Ksh 2,000.000 He still owes Ksh 800,000 in respect of them. He had borrowed Ksh 4,000,000 from D Evans. After the events just described and before trading starts, he had Ksh 300,000 Cash in hand and Ksh 600,000 Cash at bank.
Required:
Calculate the amount of his capital
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