The company had 2000 units of a product at the end of 2016.These items were bought at K2 per unit.However, these items seem to be damaged and a total of K5,000 have to be spent for them to be sold at K4 each. The following transactions took place during the current period of January 2017 to June 2017. January Sold 1,500 units at K4 each. February received 10,000 units at K3.125 each less 20% trade discount March Sold 8,000 units at K4.00 each less 5% cash discount April Received 15,000 units at K2.70 each net of 20% trade discount May Received 6,500 units at K2.7 each net of 20% trade discount. June Sold 21,800 units at K4.00 each. June Returned 200 units to the supplier who supplied the goods in May Required:

Calculate the inventory valuation at 30th June 2017 using(i) FIFO Method (ii) LIFO method (iii) Average Cost Method. (b) Calculate the trading profit for the period under review using the above three methods of valuation of opening and closing inventory. (c) “Inventory is a graveyard of a business”. Discuss this statement (4Marks)

The monthly demand for one-bedroom apartment rentals is given by P = 2000 - 10Q, the supply is given by 500 + 20Q, where P is monthly rent per apartment, and Q is thousands of apartments. Suppose the city council imposes a rent ceiling of $1000. The rent ceiling will change renters' surplus from $12.5 million to $ million. It will change owners' surplus from $25 million to $ million. It will create a deadweight loss equal to $ million. (Express your answer in millions of dollars, and round the final answer to one decimal place. For example, if the answer is 2.678 million, enter 2.7 in the blank.

21. The inflation rate between the years 2000 and 2001 was 3.43%. Based on this information, a basket of goods that cost $178 in the year 2000 would now cost how much in the year 2001? Enter a number rounded to two decimal places.

22.

Three goods are produced and consumed in an economy during years 1 and 2. The table shows prices (P1 and P2) for each good and the quantities produced (Q1 and Q2) for each good. The base year is year 1.

Enter numbers rounded to two decimal places in each blank.

Real GDP in year 1 is $  .

Real GDP in year 2 is $  .

A friend wants to deposit $2000 into a savings account. She goes to two banks and is offered competing interest rates for the account. Bank 1 has a 10% interest rate, and compounds once annually. Bank 2 has an 9% interest rate, but compounds monthly. Use the following annually compounded interest formula,

A=P(1+r)^t

where A is the accumulated amount, P is the principal amount deposited, r is the annual interest rate (as a decimal) and t is the number of years. For accounts that compound more frequently than once annually, you must use

A=P(1+r/m)^tm

where m is the number of times the account compounds per year. Use fprintf to create a table for all account balances for the first five years for each account so that your friend can compare and decide which one to select. (i.e. year, compound monthly into annunal amount, annual amount).

Question: An asset has a useful life of 3 years. cost of the asset is $2000. Residual value is $500.

the asset can be used for a total of 1500 hours. it is used for 650 hours in the first year of operations and for 600 hours in the second year.

Depreciation expense for the three years will be as follows:

Calculate annual depreciation for the first and second year of the operations using (1) straight-line method (2) Units of production method and (3) reducing balance using 30%.

The average electricity usage per month for a 2000 ft² house is 550 kWh and the standard deviation is 180 kWh.

What is the probability that a household will use more than 750 kWh per month?

It might help to sketch the distribution and put the important information on the graph.

z=? p(x>750)=?

The Promotion of Administration Justice Act 2000 (PAJA) allows for good governance and it regulates the exercise of power given to public officials. It also serves the purpose of ensuring that the public takes part in the decision-making process when it comes to public decisions being made. In light of the above statement critically discuss procedural fairness in respect of the person contained in Section 3 of PAJA. (Typed responses, please)

Annual contributions to a TFSA of $2000 will be made for 30 years.  The contributor expects investments within the plan to earn 8% compounded annually.  What will the TFSA account be worth after 30 years if the contributions are made:

a) At the end of the year?

b) At the beginning of the year?

c) What is the accumulated interest for end of year contributions vs beginning of year contributions?

Show workings

A small business owner contributes $2000 at the end of each quarter to a retirement account that earns 4% compounded quarterly.

(a) How long will it be until the account is worth $150,000? (Round your answer UP to the nearest quarter.)
quarters the asnwer is not 56
(b) Suppose when the account reaches $150,000, the business owner increases the contributions to $8000 at the end of each quarter. What will the total value of the account be after 15 more years? (Round your answer to the nearest dollar.)
$ the answer is not 907891