100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
MAC1501 ASSESMNET 6 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS CA$7.65   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. Mac1501 (MAC1501)

Exam (elaborations)

MAC1501 ASSESMNET 6 SEM 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS

1 review
 204 views  6 purchases
  • Course
  • Mac1501 (MAC1501)
  • Institution
  • University Of South Africa (Unisa)

THIS DOCUMENT CONTAINS MAC1501 ASSESSMENT 6 SEM 2 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS . USING IT CORRECTLY WIL HELP YOU SCORE ABOVE 75%

Preview 4 out of 142  pages

Document information

  • May 24, 2024
  • 142
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mac1501 assesmnet 6

Written for

  • University of South Africa (Unisa)
  • Mac1501 (MAC1501)
All documents for this subject (53)

1  review

review-writer-avatar

By: lutendosigwadi • 6 days ago

Seller

avatar-seller
oscardiura

Reviews received

Content preview

The overtime premium paid to factory workers is usually considered to be

part of Direct costs

financial risk are not directly related to a product and
OSCAR THE TUTOR
will most likely be incurred regardless of of whether a certain product is
oscardiura@gmail.com
manufactured or not.
0737560989 The risk that the company’s cash flows will not be sufficient to cover its
for FAC MAC ECS DSC TAX
financial obligations is known as financial risk .
QMI FIN
INV BNU STA tutorials Economic order quantity refers to the quantity (units) of

inventory that should be ordered every time an order is placed so that the

total inventory cost is minimised.

Inventory turnover ratio measures the speed at which

inventories are turned into debtors.

Credit worthiness refers to the ability of customers to pay

their accounts.
OSCAR THE TUTOR
Credit policy refers to the length of time that
oscardiura@gmail.com
customers will be allowed to pay their accounts.
0737560989
Capital structure ratios are designed to measure the for FAC MAC ECS DSC TAX
extent and the effect to which the company is using debt to finance its QMI FIN
assets. INV BNU STA tutorials
Job costing applies where work is undertaken

according to customer’s requirements.

Under-absorbed occurs when the actual overheads

exceed absorbed overheads.




Previous page Next page

,The following is an extract from the financial statements of Lusaka (Pty) Ltd

for the year ended 28 February 2024:

2024
R’000
Cost of sales 42 323
Gross profit 34 155
Operating expenses 17 820
Finance costs 1 617
Income tax 3 267
Capital and reserves 73 095
Long-term (interest-bearing) borrowings 7 425
Bank balance (overdraft) 743
Trade payables 9 445
Non-current assets 75 059
Trade receivables 10 303
Inventory 5 346



Required:

Complete the table below to calculate the following ratios and choose the

nearest correct answer from the list of options provided:

Ratio 2024
Return on assets (ROA)
18%

Debtors’ collection period
49 days

Days' sales inventory held
46 days

Operating profit margin
21%

Quick ratio
1,01:1

Gross profit margin
45%

Debt ratio
19%




Previous page Next page




Contact us

, Jabulani is employed by Mollo (Pty) Ltd. The normal working week

of the company is 40 hours. Jabulani's basic wage rate is R60 per

hour. The company pays Jabulani normal time and a half for any

work in excess of 40 hours per week. In the week ending 12 April

2024, Jabulani worked 45 hours.

Additional information:

1. Jabulani makes the following contributions:

Pension fund 7,5% of normal wage

Medical Aid 8% of normal wage

UIF 1% of gross wage

2. The company makes the following contributions:

Pension fund 15% of normal wage

Medical aid 8% of normal wage

UIF 1% of gross wage

3. Jabulani pays PAYE at 18% of his taxable income.



Calculate the missing data and choose the correct answer from

the options provided:

R

Total gross wages 2 850,00

Less: overtime wage 450,00


Normal wages 2 400,00


Less: pension fund contribution 180,00

Taxable wages 2 490,00

Less: Other deductions
PAYE 480,60

Medical aid 192,00

UIF 28,50

Net wage payable 1 970,70




Next page




Pre vi o us
ac t i vi t y
Assessment 5

, Tshiawelo Pty Limited has provided you with the following extract from the financial records for the financial year ended 31 December 2023
R
Cost of sales 2 400 000
Gross profit 40%
Operating expenses 800 000
Interest expense 200 000
Income tax expense 30%
Inventories 800 000
Issued capital 2 000 000
Trade payables 500 000
Trade receivables 600 000
Cash and other equivalents 200 000
Short-term borrowings 500 000
Long-term borrowings 2 000 000
Property Plant and equipment 1 000 000
Required:
Calculate the following ratios by choosing the correct answer from the options provided:

Revenue from sales R4 000 000

Net profit margin 10,5%

Current ratio 1.6 to 1

Quick ratio 0.8 to 1

Debtors’ collection period 54.75 days

Return on assets (ROA) 16.15%

Days’ sales inventory held 121.67 days

Times interest earned ratio 4 times

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller oscardiura. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$7.65. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$7.65  6x  sold
  • (1)
  Add to cart