will you please answer few

QUESTION 1 Mimosa Ltd expects sales revenue of R20 000 and total current assets amounting to R5 000 for the coming year The company also aims to achieve the following ratios current ratio of 2,5:1 and acid test ratio of 2 1 Which one of the following alternatives represents a correct amount of inventory? A. R6 000 B.R1 000 C. R3 000 OD. R4 000 Reset Selection Question 2 of 4 1.5 Points QUESTION 2 What is the most used liquidity ratio that can be used to measure the proximity of cash position of a business? A. Current ratio B. Inventory turnover C. Quick ratio D. Trade receivables collection period Reset Selection Question 3 of 4 1.5 Points QUESTION 3 Jones Ltd has a debt-to-equity ratio of 25% compared with the industry average of 20% This means that the Jones Ltd A. will not experience any difficulty with its creditors when compared to other businesses B. will be viewed as having high creditworthiness when compared to other businesses C. has greater than average financial risk when compared to other businesses D. has less liquidity than other businesses Reset Selection The information below relates to questions 1-10 Junior and Owami are the partners of JO Suppliers and the following information is presented to assist in the preparation of the financial statements for the year ended 30 September 20.4 EXTRACT OF BALANCES AT 20 SEPTEMBER 20.4: R Capitat: Junior (1 August 20-3) CH Capital Owami (1 August 20.3) Cr Current account: Junior (1 August 20,3) Cr Current account Owami (1 August 20.3) Drawings: Junior Drawings Owami Allowance for credit losses Equipment Profit for the year Accumulated depreciation Land and buildings Trade receivables control Long-term loan from Junior 992 200 749 090 74 910 46 820 8 330 5210 2 500 99 360 619 460 14 680 1 513 790 93 960 65 970 6% 7% 1 Terms of the partnership agreement 1.1 Interest charged per annum on the opening balances of the partners capital accounts 12 Interest charged per annum on the opening balances of the partners' current accounts. 13 Partner's monthly satanes are as follows 131 Junior Sivary 132 Owami salary 14 Junior and Owami share pronts in the ratio of 3 2 respectively 16 940 12 490 2 Year-end adjustments: 21 The long term loan from Junior was acquired at 1 August 2012 and bears interest at a rate of 10% per annum payable on 1 September every year. The loan will be repaid in full on 30 September 20.4 23 On 30 September 204, a bonus amounting to R20 000 was paid to each partners' personal bank account. On the same date, Junior decided to transfer his bonus to the partnership's capital account. This transaction is not recorded 24 On 15 September 204, Junior paid R10 000 and R4 000 for entertaining clients and his family respectively using the partnership credit card. This transaction is not recorded. no JOPODI LU. U POU W 14 W T CHORYCH Sony respectively using the partnership credit card. This transaction is not recorded QUESTION 1 Which one of the following alternatives represents the correct total capital contribution: Junior disclosed in the statement of changes in equity of JO Suppliers for the year ended 30 September 20.42 . A. 1012 200 B. 840 000 G. 992 200 D. 902 000 . E. 820 000 F. 922 000 Reset Selection Question 2 of 10 15 Points QUESTION 2 Which one of the following alternatives represents the correct total capital contribution: Owami disclosed in the statement of changes in equity of JO Suppliers for the year ended 30 September 2012 A. 720 000 B. 340 000 C. 820 000 D. 749 090 E 734 400 F. 922 000 QUESTION 3 Which one of the following alternatives represents the correct interest on current account: Owami disclosed in the statement of changes in equity of JO Suppliers for the year ended 30 September 20.47 A. (2 250) B. 3 277 C. (3672) D. 2 250 . E. (3277) F. 3 672 Reset Selection Question 4 of 10 20 Points QUESTION 4 Which one of the following alternatives represents the correct interest on current account: Junior disclosed in the statement of changes in equity of JO Suppliers for the year ended 30 September 204? . O A. 3 672 B. 5875 C. 3 600 . D. 2 250 . OO E 3277 F. 5 244 Darin