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continuation of Questions 7 is below pls Ignitia Enterprises is into mobile phone business. The following balances appeared in the books of Ignitia Enterprises as
continuation of Questions 7 is below pls
Ignitia Enterprises is into mobile phone business. The following balances appeared in the books of Ignitia Enterprises as at 3kt December, 2019 Gha'ooo Fixed Assets 40,000 Stock 7,500 Debtors 2,500 Cash & Bank 10,000 60,000 Capital 48,000 Creditors 12, 000 6o, ooo show the effect of each of the following transactions on the Balance sheet of Ignitia Enterprises (1) On January 1, 2020, she brought in additional Capital of $10m cheque. ii) On January 3, 2020, she bought a building for $3m to be used by the business (1) On January 6, 2020, she bought more mobile phones for $ 0.5m on Credit iu on January 10, 2020, she sold phones which had cost $0.1m to freddy's Corner at the same amount of on Credit () On January 15, 2020, she paid a cheque of $0.20m to creditors 2020, She paid a cheque of Ghc0.20 to credits Question 7 After completing your MBA, three friends who knew you did a course in 11 came to you with some issues as follows: new you did a course in financial planning a. The first of them, Jones Kugblenu. He told you he had been billed for a jo d you he had been billed for a job interview for the position of a financial planner. He wants you to explain the follo F. He wants you to explain the following to help him prepare: i. The relevance of financial planning The functions of a financial planner ii. The short, medium and long term modes of financial planning iv. The financial questions to ask before undertaking an investing v. The qualities of a good financial information. The second friend, Kwesi Koomson, is in Ghana, married to Djifa and they have one child. They are living in a three-bed-room apartment. He told you he is facing financial challenges. When you went through his diary, you found the following: . Rent in arrears for three months - (Ghc2,000) per month; Loan from GCB, Ghc100,000 - Ghc1,250 to be paid per month (2 months defaulted) Loan from the office Credit Union Ghc20,000 - Ghc1,000 deducted monthly Unpaid fees for the first term - Ghc5,200 Debt on various gadgets bought on credit by Djifa, Ghc6,000 Suggest any FOUR areas you would touch to help Kwesi Koomson come out of financial pressure The thir d Debe Okaforby name stays in the USA. He is applying for a personal A part of it and fin essmem, the bank asked him to provide his financial information. Uche provides the reduced intomation follows: Bank Deposits $50.00 Treasury Bills 555.000 3-month Certificate of Deposit $50,000 . Credit Card Balance $10,000 . Listed Stocks $120.000 Life Insurance Cash Value $125.000 MPF Account Balance S350,000 Mortgage Loan S1.300.000 Residential Flat $3,000,000 What is Lehe's net worth
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