Question 3

Zahid provide the information as below, calculate the Zahid Company cash balance at the year ended December, 31, 2020. Items RM

Cash balance at the beginning of year 188,000

Decrease in accounts payable 13,000

Decrease in accounts receivable 4,000

Decrease in other current asset 7,500

Depreciation expense 105,500

Dividends paid 50,000

Increase in common stock 100,000

Increase in inventories 113,000

Increase in long-term debt 150,000

Net Income 151,000

Purchase of building 300,000

Purchase of land 25,000

Sale of machinery 50,000

Question 4

Differentiate the money market and capital market and explain which of the market is involve in the foreign currency translation.