Case 2:

National Bank of Oman SAOG “NBO” was the first incorporated bank in the Sultanate of Oman(“Oman”) established in 1973 as a joint-stock company, providing conventional and Islamic banking services. The Bank’s shares are listed on the Muscat Securities Market (“MSM”). The Bank operates via five main segments, namely, retail banking, corporate banking, investment banking, treasury and international banking, and Islamic banking.

You are provided with the ledger balances of the National Bank of Oman as of 31st March 2018 and asked to prepare its final accounts. You are also required to consider the following the year-end adjustments - It was decided that the bank to create a provision for doubtful debts OMR 2,000 and provide 5% deprecation on Computers; Bank has not included the locker rent OMR 1,000 that was received in advance, and law charges are still outstanding for OMR 2,500; Bills purchased and discounted during the year was OMR 21,000 and at the end of the period when they calculated the rebate on bills discounted it was OMR 2,500.

You are asked to prepare:

1. Income statement for NBO as on 31st March 2018                        
2. Balance Sheet with necessary notes as on 31st March 2018          

QUESTION 5:

The following information has been extracted from the financial statements of YDI Limited:

Extract of Statement of Comprehensive Income for the year ended 31 December:

                                      2019          2018

                                        $                   $

Sales                       2 000 000 1 600 000

Cost of sales              940 000      800 000

Operating profit       600 000      520 000

Profit before tax      520 000     450 000

Profit after tax           364 000    315 000

Extract of Statement of Financial Position as at 31 December:

Assets                                   2019              2018

                                                    $                     $

Non-current assets          2 000 000 1 400 000

Inventories                            600 000     800 000

Accounts receivable             400 000     400 000

Cash and cash equivalents      2 000          2 000

                                               3 002 000 2 602 000                                                           

                                              $                    $

Equity and liabilities

Shareholders’ equity          2 000 000 1 500 000

Long-term loan                      700 000      800 000

Accounts payable                  182 000      142 000

Bank overdraft                       120 000     160 000

                                         3 002 000 2 602 000

Note:

1. All purchases and sales of inventories are on credit.

2. Dividends paid during the year amounted to R218 400.

3. The issued share capital consisted of 500 000 ordinary shares

Required:

5.1 Calculate the following ratios for the year ended December 2019. Where applicable, round off answers to two decimal places.

5.1.1 Operating margin        

5.1.2 Debtors collection period       

5.1.3 Acid test ratio        

5.1.4 Return on equity        

5.1.5 Debt to equity         

5.1.6 Earnings retention ratio        

5.1.7 Earnings per share        

5.2 Suggest two (2) ways in which YDI Limited can improve on its collections from debtors.            

5.3 Comment on the current ratio which dropped from 3.98:1 in 2018 to 3.32:1 in 2019.           

5.4 Recommend two (2) ways in which YDI Limited can improve its profitability.

Prove that an abelian group G of order 2000 is the direct product PxQ where P is the Sylow-2 subgroup of G, and Q the Sylow-5 subgroup of G. (So order of P=16 and order or Q=125).

Question: Describe "Bangladesh" import. ( Describe it 1 paragraph why or how it's happened ) - (2000 - 2019)

Note: Please write a 3 or more paragraph, and make sure it's typed. I don't understand handwriting.

Robinson borrows a certain amount of money at 7% effective. He will repay this loan by making payments of 2000 at the end of each year for 15 years, using the amortization method. Calculate the amount of principal repaid in the 4th payment.

MATLAB

Create a matrix named P which has 2000 rows and 100 columns of all zeros.

Replace the zeros in rows 46-58 and columns 3-18 of matrix P from the previous question with ones.

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1. What happened in the 1990s that explains the small decrease in the size of the U.S. Treasury markets pre-2000?
2. What happened in the early 2000s that reversed this decrease?
3. What caused that large growth in the Treasury market starting in 2007/2008?

If a gas mixture at 298 K, which contains 90% N2, 5% H2O, and 5% O2, is instantaneously heated to 2000 K, plot the NO concentration as a function of time.

Plot the NO concentration as a function of time, if the mixture is heated to 3000K.