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i) Capital = ( opening capital + Extra capital introduced + net profit)
- Drawings.
= ( 170,000 + 52,000 + 5000) - 5000
= 227,000 – 5000
= 222,000
ii) Net profit ratio.
NPR = Net Profit/Sales x 100
Sales = Net profit + purchases
= 5,000 + 20,000 = 25,000
= N.P.R = 5000/25,000 x 100 = 20%
sharon kalunda answered the question on March 4, 2019 at 10:59
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2nd April - Commenced business with shs. 12,000 in cash...(Solved)
The following is a summary of transactions for Ryan Traders for the month of April 2002.
2nd April - Commenced business with shs. 12,000 in cash and shs. 150,000 at the bank
3rd April - Made cash sales amounting to shs. 6,000
5th April - Received cash shs. 16,000 from a debtor
12th April - Paid for motor expenses shs. 7,000 in cash
13th April - Drew shs. 30,000 from bank for office use
15th April - Paid salaries in cash amounting to shs. 15,000
17th April - Bought furniture worth shs. 18,000 paying by cheque.
18th April - Paid expenses amounting to shs. 15,000 by cash
19th April - Cash sales of shs. 40,000 received by cheque
23rd April - Paid shs. 20,000 cash into the bank
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2002.
Date posted: March 4, 2019. Answers (1)
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...(Solved)
Mr Ryan had he following assets and liabilities on 30th April 2002.
Kshs
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Cash in hand 3,250
Debtors 45,300
Stock 48,200
Furniture 11,600
Motor-vehicle 65,000
Creditors 56,000
Bank loan 25,000
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Date posted: March 4, 2019. Answers (1)
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Price per unit (Kshs.)--Quantity demanded---Quantity supplied.
70---------------100-----------------------1000
60-----------500-------------800
50-----------500-------------400
30----------800------------400
20----------900------------300
10---------1000-----------100
i) On the graph paper provided, draw the demand and supply curve on the same graph
and determine equilibrium price and quantity.
ii) What would happen if the price of good X was increased from shs. 50 to shs. 70.
Explain.
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Date posted: March 4, 2019. Answers (1)
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Item Amount ...(Solved)
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Item Amount (Kshs)
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Sales 700,000
Closing stock 10,000
Purchases 150,000
Sales returns 20,000
Purchase returns 50,000
Salaries and wages 80,000
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Date posted: March 4, 2019. Answers (1)
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Date posted: March 1, 2019. Answers (1)