- Question Five A trader has the following balances appearing, in his ledger. Find the missing figure for Capital. Gross profit 27000, Discount received 3000, Discount allowed 2000, Bad debts 1000 Bad debts recovered 4000, Provision for doubtful debts 6000 Debtors 70000, Carriage outwards 3000,10% Loan from Kopa ni harusi lipa ni matanga bank 50000, Interest on harusi matanga bank loan 5000, Audit fees 1000,Creditors 7000, Rent 3000 Closingstock10000, Land and buildings 80000 Provision for depreciation for buildings 20000, Bank overdraft 4000 . Capital? Required: a Prepare a Trial balance (9 marks) b Income Statement. (11 marks) Note that Rent prepaid was 1000 and salaries unpaid 24000.
- 3. What is the purpose of APR when considering a loan? 1. APR is the total amount of interest you pay over the life of the loan. 2. APR is a standardized measure of the cost of a loan, including intere 3. APR is the monthly interest rate charged on a loan. 4. APR is the amount of money you borrow from a lender.
- In this activity, you will research an international business organization. Part A Begin by choosing an international business organization that you find interesting. Then find a rellable online resource about the organization In the space provided write a citation for the resource using APA citation style @. Also explain in one sentence how you determined that the source you selected is reliable.
- 2. What does APR stand for in the context of credit? 1. Annual Payment Rate 2. Average Payment Rate 3. Annual Penalty Rate 4. Annual Percentage Rate
- 1 What is the definition of credit as explained in the video? 1 Credit is the ability to borrow money from someone else 2 Credit is the amount of money you have in your bank account 3. Credit is the interest rate charged on loans. 4. Credit is the total amount of money you earn annually.
