Exam (elaborations)

FAC2602 ASSESSEMENT 3 OF SEM 2 of 2023 EXPECTED SOLUTIONS

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University Of South Africa (Unisa)

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Uploaded on August 22, 2022
File latest updated on October 10, 2023
Number of pages 8
Written in 2022/2023
Type Exam (elaborations)
Contains Questions & answers

fac2602
mac2602
dsc2602
fac2601
mac2601
dsc2601
ecs2601
ecs2602
qmi1500
ecs1500
ecs1501
ecs1601
mac1501
fac1501
fac1502
tax2601
tax3701
tax3702
tax3704
fin2601
fin2602
fac3704
fac3703
fac3702
fac3701

oscardiura Member since 3 year 5682 documents sold

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Workings
Trade receivables control
Balance b/d 894,300.00
Bank 3,391,210.00
sales 3,559,310.00

Balance c/d(957400+0.5*210000) 1,062,400.00

4,453,610.00 4,453,610.00

Trade payaables control
Balance b/dTrade and other
Balance b/d : Inventory 1012300 payables 830000
Bank* 354120 Cost of sales
Other expenses(559750-310000-
340000) 215750

Balance c/d :Trade and other
payables 975000 Balance c/d : Inventory 1295670
2341420 2341420

Qustion 3

Cash receipts from customers 3,391,210.00
Cash payments to suppliers and
employees (354,120.00)
Cash generated from
operations 3,037,090.00
Interest paid (76,000.00)
Dividend paid (52,790.00)
Income tax
paid(321100+325000-355400) (290,700.00)
Net cah from operating
activities 2,617,600.00
Cashflow from Investing
Investment to maintain
production capacity
Acquisition of PPE (930,300.00)

, Investment to expand
production capacity
Proceeds from disposal of
water purification plant 230,000.00
Disposal of
land(2937900+300000- 18,900.00
Proceeds from the disposal of
financial assets 478,900.00
Net Cashflow from Investing
Activities (202,500.00)
Financing activities
Repayment of long term
Borrowings(950000-796000) (154,000.00)
Proceeds from Issue of
shares(2130000-1396900) 733,100.00
Cash flows from financing activities 579,100.00
Net cash used in financing activities2,994,200.00
Cash and cash equivalents at
the beginning of the year 798,000.00
Cash and cash equivalents at
the end of the year 3,792,200.00

Balance b/d 2489400 Depreciation 310000
Disposal(230000+34000) 264000
Acquisition 930,300.00

Balance c/d 2845700
3,419,700.00 3419700

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Exam (elaborations)

FAC2602 ASSESSEMENT 3 OF SEM 2 of 2023 EXPECTED SOLUTIONS

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