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FAC1602 ASSIGNMENT 1 SEMESTER 1 2024
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This document contains FAC1602 Assignment 1 semester 1 2024 Questions and trusted answers.
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FAC1602-24-S1 Welcome Message Assessment 1QUIZ
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Question 1
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Mhlalkwana Dealers is in the business of selling leather jackets, at a price of R1 500 each, around the townships of
KwaNdebele. The owner, Masango, was approached by a local clothing store called Thubana Clothing for a bulk sale.
Mhlalkwana Dealers sold 18 jackets to Thubana Clothing on credit and this transaction was concluded on 31 October 2023.
This transaction was concluded on the following terms:
A trade discount of 12% on the bulk sale.
An early payment discount of 5% on the amount paid within 30 days.
Which one of the following amounts represents the correct amount received by Mhlalkwana Dealers if Thubana Clothing only
paid 75% of the amount owing on 30 November 2023?
a. R 17 820
b. R 23 760
c. R 22 572
d. R 16 929
Clear my choice
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