The following information was made available on 31 August 2021. Balances extracted from financial records on 31 August 2021:
Equipment (including computers) at cost price
R180
000
Accumulated depreciation on equipment
60 000
Bank (dr)
112 500
Sales
ACTUAL
BUDGETED (PROJECTED)
July 2021
Aug 2021
Sept 2021
Oct 2021
Nov 2021
R135 000
R126 000
R112 500
R180 000
R225 000
e
Credit sales: 40% of all sales are on credit
Debtors collection trend:
40% in the month of sale when a 24% settlement discount is allowed for prompt settlement.
35% in the month following the sale (after 30 days)
20% in the second month following the sale (after 60 days)
The rest is written off as irrecoverable in the third month after the sale (after 90 days)
Sanitation services income
A contract was secured with a chain group of stores for R20 500 per month from
1 September 2021.
Purchases
The business uses a fixed stock base - stock sold are replaced in the same month
A fixed mark-up percentage of 50% on cost is used
25% of the purchases are paid in cash
Creditors are paid in the month following the purchases (after 30 days)
.
en

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?

Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25