Questions
Question 4 The information given below as extracted from the accounting records of Salmon Traders, a...

Question 4

The information given below as extracted from the accounting records of Salmon Traders, a partnership business with Sally and Monty as partners. The financial year ends on the last day of February each year.

Required

4.1 Prepare the following accounts in the general ledger of Salmon traders:

4.1 Current a/c: Monty (Balance the account)

4.2 Appropriation account Close off the account)

Balances in the ledger on 28 February 2017

R

Capital: Sally

400 000

Capital: Monty

200 000

Current a/c :Sally (01 March 2016)

    20 000   (DR)

Current a/c Monty(01 March 2016)

     33 000   (CR)

Drawings :Sally

200 000

Drawings: Monty         

180 000

The following must be taken into account:

(a)    The net profit according to the Profit and Loss Account amounted to R500 000 on 28 February 2017.

(b)    The partnership agreement makes provision for the following:

·         Interest on capital must be provided at 15% per annum on the balances in the capital accounts. Note: Sally increased his capital by R100 000 on 01 September 2016.Monty decreased his capital by R100 000 on the same date. The capital changes have been recorded.

·         The partners are entitled to the following salaries     Sally R12 000/ Monty R13 000.Note: The partner’s salaries were increased by 10% with effect from 01 December 2016.

·         Sally and Monty share the remaining profits or losses in the ratio of their capital balances as at the beginning off the financial year.

In: Accounting

You have been given the following return data on 3 assets; A, B and C over...

  1. You have been given the following return data on 3 assets; A, B and C over the period of 2013 -2016.

Expected return

Year

Asset A

Asset B

Asset C

2013

16

17

14

2014

17

16

15

2015

18

15

16

2016

19

14

17

Using these assets, you have isolated three investment alternatives:

Option

Investment

1

100% of asset A

2

50% of asset A and 50% of asset B

3

50% of asset A and 50% of asset C

  1. Calculate the portfolio return over the four year period of each of the three alternatives.
  2. Calculate the standard deviation of returns over the four year period for each of the three alternatives.
  1. You have been given the following return data on 3 assets; A, B and C over the period of 2013 -2016.

Expected return

Year

Asset A

Asset B

Asset C

2013

16

17

14

2014

17

16

15

2015

18

15

16

2016

19

14

17

Using these assets, you have isolated three investment alternatives:

Option

Investment

1

100% of asset A

2

50% of asset A and 50% of asset B

3

50% of asset A and 50% of asset C

  1. Calculate the portfolio return over the four year period of each of the three alternatives.
  2. Calculate the standard deviation of returns over the four year period for each of the three alternatives.

PLEASE STATE ALL THE FORMULAS CLEARLY AND DUN ANS IN EXCEL.

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______________ cos(ωt) A

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b) Explain the following mechanical properties:

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Could you illustrate the followign?

1. magnetic vector potential A,

2. magnetic flux density B,

3. and current density j

4. Electric field entisity E

5. Electric Potential V

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Ideal gas is expanded keeping (a) P V 2=const, (b) P 2V =const. Do these processes...

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Consider the following cell at 280 K: Fe | Fe2+ (0.573) || Cd2+ (1.063) | Cd...

Consider the following cell at 280 K:

Fe | Fe2+ (0.573) || Cd2+ (1.063) | Cd

which has a standard cell potential of 0.0400 V. What will be the potential of the cell be when [Fe2+] changes by 0.341 M?

In: Chemistry