Work on this please.

QUESTION 3.

The information given below was 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

Prepare the following accounts in the General ledger of Salmon Traders:

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

(7)

4.2 Appropriation account (Close off the account.)

(13)

INFORMATION

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 monthly salaries:

Sally

R12 000

Monty

R13 000

Problem 2. Daily total solar radiation for a certain location in Florida in October has probability density function as below with measurements in hundreds of calories. 3 (x - 1) (3-x) 15x53 f(x) = 32 0 elsewhere Find: a) E(X); b) V(X).Write a complete program that asks the user for their biweekiy (every 14 days) income, their weekly (every ? days) utility expenses, and their daily (every 1 day) food expenses. These values may or may not be whole (integer) numbers. Assuming these are all oi the user's costs and incomes, the program should print out what the user's profit or loss will be on a bi-weekly {14 day) basis, and print out whether the user is able to cover their costs. It the user has a profit of zero or more, they can cover their expenses. You must use a function named dailycost which takes biweekly income, weekly utility expenses, and daily food expense as arguments and returns the total prot or loss over 14 days. For example, for biweekly income 100.5. weekly utility expenses of 30, and daily food expense of 2.5, the program would output: 5.5 User can cover costs. If the biweekly income had been so, and other inputs had been identical, you would output: 15 User cannot cover costs. Question 3 (10 points) Every day. the number of network blackouts, X, has the following distribution (probability mass function]. Pix) 0. 1 0.3 0.4 0.2 A small internet trading company estimates that each network blackout results in a $10K loss. Let Y be the daily loss due to blackouts. A- List the possible values of Y? B- Compute expectation of this company's daily loss, E(Y]. due to blackouts. C- Compute variance of the company's daily loss, Var(Y), due to blackouts. HEWLET 9% 4 5 6 7 8 9 E R T YNext 8 questions are based on the following: In the table below x denotes the Z-Lab Company's projected annual profit (in $1,000), along with the probability of earning that profit. The negative value indicates a loss. x ($1,000) f(x) 100 0.05 80 0.25 140 0.40 200 0.10 240 0.05 3 The probability that Z-Lab will break even is, f(x = 0) = 0.05 b 0.10 0.15 0.20 The probability that Z-Lab will be profitable, that is, f(x > 0) = 0.20 0.95 0.90 0.80 5 The mean or expected value of Z-Lab's profit is A = E(x) = $103 thousand $111 thousand $117 thousand $121 thousand 6 The variance of profit is var(x) = a 6,211.00 5,568.75 5,125.30 4,500.45