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do question 3 i will give a thumbs up QUESTION 3 A retailer purchases 12 watches for RM10,800. The operating expenses incurred for the sale
do question 3 i will give a thumbs up
QUESTION 3 A retailer purchases 12 watches for RM10,800. The operating expenses incurred for the sale of the watches are 20% of the cost. The retailer makes a 30% net profit based on cost. For each watch, find the a) Selling price b) Breakeven price c) Maximum mark down per cent that could be offered without incurring any loss d) Net loss or profit if the retail price is RM1,200 QUESTION 4 Lau company bought a lorry for RM38,000. The lorry is expected to last five years and its salvage value at the end of five years is RM8,000. Using the straight line method, a) Calculate the annual depreciation b) Calculate the annual rate of depreciation c) Calculate the book value of the lorry at the end of the third year d) Prepare a depreciation schedule QUESTION 5 Money has time value; that is, a ringgit today is worth more than a ringgit tomorrow. Time value of money and the uses of compound interest in various financial fields is applied to the valuation of different securities, loans, instalment purchases, savings, insurance and investments. Explain in details the terms future value and present valueStep by Step Solution
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