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need vs lead samjaye hindi meneed vs lead samjaye hindi meneed vs lead samjaye hindi me(D) increasing the investor's use of mutual funds
9. What is the main contribution of portfolio theory 7
(A) that risk is the same for each type of financial se
(B) that risk is a function of credit, liquidity and market factors
(C) risk is not quantifiable
(D) insight about the relative importance of variance in determining po
Tony Audio Company is a retailer of stereo equipment. Tony Audio has been in business for 1 month. The company's unadjusted trial balance, January 31, 2018, has the following accounts:
Accounts
Amount
Cash
$ 71,700.00
Accounts Receivable
$ 160,300.00
Notes Receivable
$ 40,000.00
Merchandise Inventory
$ 250,200.00
Prepaid Rent
$ 15,000.00
Store Equipment
$ 114,900.00
Notes Payable
$ 100,000.00
Accounts Payable
$ 117,100.00
Unearned Rent Revenue
$ 3,000.00
Paid-in-capital
$ 400,000.00
Sales
$ 160,000.00
Cost of Goods Sold
$ 100,000.00
Wages Expense
$ 28,000.00
Total
$ 780,100.00
$ 780,100.00
Consider the following adjustments on January 31:
January depreciation, $1,000.
On January 2, rent of $15,000 was paid in advance for the first quarter of 2018 as shown by the debit balance in the Prepaid Rent account. Adjust for January rent.
Wages earned by employees during January but not paid as of January 31 were $3,750.
Tony borrowed $100,000 from the bank on January 1. The explicit transaction was recorded when the busi9ness began, as shown by the credit balance in the Notes payable account. The principal and 9% interest are to be paid 1 year later (January 1, 2019). However, an adjustment is necessary now for the interest expense of 1/12 x 0.09 x $100,000 = $750 for January.
On January 1, a cash loan of $40,000 was made to a local supplier, as shown by the debit balance in the Notes Receivable account. The promissory note stated that the loan is to be repaid 1 year later (January 1, 2019), together with interest at 12% per annum. On January 31, an adjustment is needed to recognize the interest earned on the notes receivable.
On January 15, a nearby corporation paid $3,000 cash to Tony Audio Company as an advance rental for Tony's storage space and equipment to be used temporarily from January 15 to April 15 (3 months). This $3,000 is the credit balance in the Unearned Revenue account. On January 31, an adjustment is needed to recognize the rent revenue earned for half a month.of 20% on this transaction. Tou
7 Find a single discount which is equivalent to two successive discounts of 20% and 5%.
8. A shopkeeper was selling all his items at 25% discount. During the off season, he offered 30% discoun
over and above the existing discount. If Pragya bought a skirt which was marked for 1200. How much
did she pay for it?
INCERT Exemplar
9. The marked price of a mixer is 11.150 and is sold at 10% discount. The shopkeeper earns a profit
115. What was the cost price of the mixer?
HOTS
10. Kritika ordered one pizza and one garlic bread from a pizza store and paid 1387 inclusive of taxes et
143. Find the tax %.
[NCERT Exemplary
11. A television is sold at 9 540 exclusive VAT. If the VAT charged is 5%, how much did the customer pay?
12. Prachi bought medicines from a medical store as prescribed by her doctor for 36.40 including 4% VAT
Find the price before VAT was added.
(NCERT Exemplo
13. On an oven there is a discount of 20%. If the rate of VAT is 8% and the customer paid 5,400. What was
the marked price of the oven?
14. Pivush bought the following articles for his sister's wedding
Refrigerator cost $18.000 and sales tax 6%.
(i) Cupboard cost 25.000 and sales tax 4%
(1) Clothes cost 160.000 and sales tax 8%.
Find the total amount to be paid by Piyush
15. The marked price of a cooler is 12,000. The shopkeeper offers a discount of 10%. Find the amount that
a customer has to pay, if 8% VAT is