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FAC1502 ASSIGNMENT 3 FOR 2ND SEMESTER 2024 WITH DETAILED CALCULATIONS $2.84   Add to cart
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FAC1502 ASSIGNMENT 3 FOR 2ND SEMESTER 2024 WITH DETAILED CALCULATIONS
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  • Course
  • Financial Accounting Principles Concepts and Procedures (FAC1502)
  • Institution
  • University Of South Africa (Unisa)

The document contains expected questions and answers for FAC1502 Assignment 3 for 2nd semester with detailed calculations. Direct assistance available at a different fee 0/6/3/1/7/3/8/1/8/1

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  • October 4, 2024
  • 15
  • 2024/2025
  • Other
  • Unknown

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  • fac1502

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  • University of South Africa (Unisa)
  • Financial Accounting Principles Concepts and Procedures (FAC1502)
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FAC1502
ASSIGNMENT 3 FOR 2ND SEMESTER 2024




FEND TUTORIALS

, Please note that the questions may
differ per student and therefore this
document can be used as a guideline. If
you need direct assistance it will be
charged at a different fee. Contact us
+2763 173 8181




Whatsapp Marlvin @ +2763 173 8181

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Question text
The accountant for Gizmo Traders provides you with the following information for the financial
years ended 31 May 20.2; 31 May 20.3 and 31 May 20.4:


20.4 20.3 20.2
Revenue 850 000 550 000 450 000
Cost of sales (400 000) (300 000) (300 000)
Gross profit 450 000 250 000 150 000


The gross profit percentage on cost of sales for the year ended 31 May 20.2 is …


Instructions:
1. Use a full stop to indicate any decimals (eg: 70.01)
2. Round off to the second decimal after the full stop (eg: 50.56)
3. Don't show the % sign only the numbers (eg: 70.01% is 70.01)


53
Answer:


CALCULATION
450000/850000=0.529
0.529x100=53

Question 3
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Whatsapp Marlvin @ +2763 173 8181

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