Question
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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