1. The Ndlovu family has applied for a new medical Scheme membership. Bokamoso (age 33 years)and his wife, Lebo (age 26 years) have a son Junior (age 4 months). They also want toBokamoso's mother, Lethabo (age 56). She lives with them and is financially dependant on them.The healthcare broker has advised that a 50% late joiner penalty will apply to her membership.2.The standard contributions are as follows:RolePrincipal memberSpouse / Adult dependantChild dependantb. R9 833c. R10 170d. R11 925Contributione. None of the aboveR 2 400R 2 100R 900Contribution toMedical SavingsAccountCalculate their total monthly contribution and choose the correct answer.a. R9 675R 360R 315R 135Total contributionR 2 760R 2 415R 1 035

Its a medical scheme is for the benefit of general public and can be avialed by the…

Answered: ne Ndlovu lly

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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Piper Specialty Store Ltd. completed the following merchandising transactions in the month of May 2021. At the beginning of May, Piper's ledger showed Cash $7,000; Accounts Receivable $1,900; Inventory $3,500; Common Shares $7,800; and Retained Earnings $4,600. Piper Specialty has experienced a return rate of 2% of sales and uses a perpetual inventory system. Purchased merchandise on account from Depot Wholesale Supply Ltd. for $5,340, terms 1/10, n/30, FOB shipping point. May 3 Freight charges of $137 were paid by the appropriate party on the merchandise purchased on May 1. Sold merchandise on account to Yip Company for $3,500, terms n/30, FOB destination. The cost of the merchandise was $2,400. 7 Freight charges of $86 were paid by the appropriate party on the May 4 sale. 8. Received a $140 credit from Depot Wholesale Supply when merchandise was returned. Paid Depot Wholesale Supply in full. 11 Purchased supplies for $390 cash. 14 Received payment in full from Yip Company for…

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