Stock 5.000.000
Equipment
3,700,000
Creditor (OK Ltd)
500,000
Debtor (AB Ltd)
300.000
Bank balance
1,200,000
During July, she made the following transactions:
Sold goods for cash- paid to bank
3,200,000
Sold goods to AB Limited
600.000
Bought goods from OK Ltd on credit
3,900.000
Paid OK Ltd by cheque
3,000,000
Paid general expenses by cheque
500.000
AB Ltd paid by cheque
300.000
Stock at 31 July
6,200,000
Required:
(a) Calculate the value of Capital at 1 July (b) Open ledger accounts and Record all
transactions (c) Prepare a trial balance (d) Prepare a trading and profit and loss account for
the period (e) Prepare a balance sheet at 31 July,
sroosR&Co​

San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.