3.1 3.2 3.3 3.4 Calculate the selling price if: 3.1.1 3.1.2 Goods are bought at R2...

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3.1 3.2 3.3 3.4 Calculate the selling price if: 3.1.1 3.1.2 Goods are bought at R2 340,00 and profit is calculated at 80% on the cost price The following amounts are given at the financial year-end of BaBa Traders RAND 180 000 12 000 A business paid R1 720,00 for stock and sold it at a loss of R150,00 ACCOUNT Capital Drawings Equipment Vehicles Trading Stock Bank Overdraft 3.2.2 3.2.3 3.2.4 40 000 105 000 36 000 Debtors Control Creditors Control 11 000 Net Profit 10 000 3.2.1 Calculate the balance of the capital account (owner's equity). Calculate the total assets at the end of the financial year. Calculate the total liabilities at the end of the financial year. 5.000 13 000 Show by means of calculations that the accounting equation 'Assets = Owner's Equity + Liabilities' will be true. A business owes a creditor R540. The creditor charges interest at 10% per year. Calculate the interest charged for 3 months Prepare an age analysis of sales to a debtor J. Carey for the current month ending 31 May 2010, if: Balance on 1 May 2010 The balance includes purchases for Purchases for the current month March 2010 April 2010 May 2010 R780,00 R400,00 R380,00 R540,00 3.1 3.2 3.3 3.4 Calculate the selling price if: 3.1.1 3.1.2 Goods are bought at R2 340,00 and profit is calculated at 80% on the cost price The following amounts are given at the financial year-end of BaBa Traders RAND 180 000 12 000 A business paid R1 720,00 for stock and sold it at a loss of R150,00 ACCOUNT Capital Drawings Equipment Vehicles Trading Stock Bank Overdraft 3.2.2 3.2.3 3.2.4 40 000 105 000 36 000 Debtors Control Creditors Control 11 000 Net Profit 10 000 3.2.1 Calculate the balance of the capital account (owner's equity). Calculate the total assets at the end of the financial year. Calculate the total liabilities at the end of the financial year. 5.000 13 000 Show by means of calculations that the accounting equation 'Assets = Owner's Equity + Liabilities' will be true. A business owes a creditor R540. The creditor charges interest at 10% per year. Calculate the interest charged for 3 months Prepare an age analysis of sales to a debtor J. Carey for the current month ending 31 May 2010, if: Balance on 1 May 2010 The balance includes purchases for Purchases for the current month March 2010 April 2010 May 2010 R780,00 R400,00 R380,00 R540,00

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31 Calculate the selling price if 311 Goods are bought at R2 34000 and profit is calculated at 80 on the cost price To calculate the selling price with an 80 profit margin you can use the following fo... View the full answer