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Determine the interest rate Poda Company Limited of Mwanza got when acquired the loan from Mtafika Bank Limited as of 31 st March 2005 using

Determine the interest rate Poda Company Limited of Mwanza got when acquired the loan from Mtafika Bank Limited as of 31st March 2005 using transactions cards shown in the table below as recorded on 31st March 2005 for the company.

No.

Item

Otherwise specified all are in Tshs.

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

Office rent

Interest expenses

Sales

Selling and Marketing costs

Tax Payable

Office Equipment

Top Management Staff Salaries, etc.

Direct Labour

Raw Materials Purchased (in a period)

Raw Materials Beginning

Office equipment life span (years)

Ending Stock of Materials

Factory Overhead

Total Fixed Investments

Total Equity

Vehicle and lathe machine life span (years)

Account Payable

Vehicle and lathe machine

Working capital (WC) required of annual WC

Equity of the working capital required

Total Fixed Assets life span (years)

500,000

250,000

10,000,000

200,000

10%

1,500,000

1,300,000

2,000,000

2,000,000

1,000,000

10

500,000

500,000

10,000,000

11,000,000

5

500,000

3,000,000

60%

80%

20

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