The following transactions for King Maponga Traders transpired during the month of July 2021 Date Details of transactions 1 3 6 King Maponga, the owner, contributed a delivery vehicle valued at R65 200 to the business. Journal voucher JV 012 was issued King Maponga, the owner, took trading inventory with a cost price of R1000 for personal use. Journal voucher JV 013 was issued Charged an amount of R 1800 to Mr Settler, a debtor, as interest on his overdue account. Journal voucher JV 014 was issued. Settlement discount of R650 was granted to C. Zama, a debtor, for early settlement of his account. Journal voucher JV 015 was issued The bookkeeper erroneously recorded the purchases of a motor vehicle in the office equipment account. The motor vehicle was purchased for R67 000 cash. Journal voucher JV 016 was issued 12 20 26 Mr Dodger, a debtor, was declared insolvent. As a result, he was not able to pay the amount owed of R16 000. The bookkeeper decided to treat the amount as being irrecoverable. Journal voucher JV 017 was issued Record the transactions (per the table above) in the general journal of King Maponga Traders for the month of July 2021. Ignore VAT. (24 Marks)​

In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20