Chapter Financial Statements
D= Debit (RM)
C= Credit (RM)

Premises
D 40,000

Fixtures and Fittings
D 10,000

Mortgage on premises
C 15,000

Purchases and sales
D 40,300 C 78,500

Debtors and creditors
D 3,400 C 9,000

Motor vehicles
D 21,000

Return inwards and outwards
D 200 C 300

Commission expense and revenue
D 2,700 C 1,040

Carriage inward
D 1,750

Duties on purchases
D 650

Stock ( 1 January 2020)
D 8,000

Carriage outwards
D 3,260

Wages
D 5,900

Insurance
D 350

Rent
C 3,000

Bank-overdraft
C 3,650

Cash
D 840

Capital
C 28,560

Drawings
D 700

D 139,050 C 139,050

Stock on 31 December 2020 was valued at RM12,000

You are required to prepare

1) Profit and Loss Account for the year ended 31 December 2020

2) Balance Sheet as at 31 December 2020

To be able to better compare stock performance within the same industry, similar companies are grouped into? a)market sectors b) industry blocks c) performance sectors d) average earning blocks

Gyou plan to deposit $1,700 per year for 5 years into a money market account with an annual return of 2%. you plan to make your first deposit one year from today. what amount will be in your account at the end of 5 years? round your answer to the nearest cent. do not round intermediate calculations. $ assume that your deposits will begin today. what amount will be in your account after 5 years? round your answer to the nearest cent. do not round intermediate calculations.

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?