During the year to 31 December 2001 the following total transactions occurred a) Mary withdrew a total of Sh 10,000 00 in cash
b) Stock in trade was bought all on credit
, for Sh 34,000.00
c) Sales were made totaling 60,000 00 of stock in trade which had cost Sh 37,000 00
these sales Sh 51,000 00 were on credit and Sh 9,000.00 for cash.
d) A total of Sh 16,000 00 was drawn from the bank in cash to the cash till
e) Electricity for the year paid by cheque totaled Sh 2,000.00
Rates for the year paid by cheque totaled Sh. 1,000.00
g) Wages for the year all paid cash totaled Sh.10,000 00
h) Sundry expenses all paid in cash totaled Sh 2,000 00
1) Creditors were paid a total of Sh 36,000.00 all by cheque
D Debtors paid a total of Sh 54,000.00 all in cheques.
Fundamentals of Accounting
The bank charged interest on the loan deducting Sh 3,000.00.
prepare a revised balance sheet​

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e.g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%

Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32