Can someone help me to solve these Questions.Pls show your workingsor explanations. Thanks
Q1) A business makes a provision for doubtful debts equal to 5 % of its debtors.
At 31 March 2008 the provision for doubtful debts was $850.
At 31 March 2009 the debtors after the provision for doubtful debts were $17 100.
How much is the increase in the provision for doubtful debts for the year ended 31 March 2009?
A 45B50 C 850D900
Q2)At 31 March the balance sheet of a company included the following.
trade debtors 23 000
provision for doubtful debts 1 200
During April credit sales were 64000andcashsaleswere256 000. Credit customers paid
$56 840 net of a 2 % cash discount.
What will be the trade debtors at 30 April?
A 27800B28 960 C 29000D30 160
Q3) A company has a share price that gives a dividend yield of 4 %. Earnings per share are $0.32 and
half the earnings are paid out as dividends.
What is the share price?
A 2.00B4.00 C 6.00D8.00[/size]
Q1) A business makes a provision for doubtful debts equal to 5 % of its debtors.
At 31 March 2008 the provision for doubtful debts was $850.
At 31 March 2009 the debtors after the provision for doubtful debts were $17 100.
How much is the increase in the provision for doubtful debts for the year ended 31 March 2009?
A 45B50 C 850D900
Q2)At 31 March the balance sheet of a company included the following.
trade debtors 23 000
provision for doubtful debts 1 200
During April credit sales were 64000andcashsaleswere256 000. Credit customers paid
$56 840 net of a 2 % cash discount.
What will be the trade debtors at 30 April?
A 27800B28 960 C 29000D30 160
Q3) A company has a share price that gives a dividend yield of 4 %. Earnings per share are $0.32 and
half the earnings are paid out as dividends.
What is the share price?
A 2.00B4.00 C 6.00D8.00[/size]