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2018 Past paper Memo

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  • April 27, 2023
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US NOMMER US NUMBER


- 50
Slegs nie-programmeerbare sakrekenaars mag gebruik word.
Only non-programmable calculators may be used.




DEPARTEMENT DEPARTMENT OF
ONDERNEMINGSBESTUUR BUSINESS MANAGEMENT
FINANSIËLE BESTUUR 51047-332 FINANCIAL MANAGEMENT 51047-332
Kapitaalinvestering Capital Investment
ASSESSERINGSGELEENTHEID 1: 18 Maart / March 2019 ASSESSMENT OPPORTUNITY 1:
TYD: 90 min TIME:
DOSENTE EN ASSESSORS: Prof PD Erasmus LECTURERS AND ASSESSORS:
Ms R Solomons
INTERNE MODERATOR: Dr N Mans-Kemp INTERNAL MODERATOR:
EKSTERNE MODERATOR: Prof G Els (UJ) EXTERNAL MODERATOR:

INSTRUKSIES: INSTRUCTIONS:
Maak seker dat u aangemeld het by die regte Ensure that you reported to the right venue
lokaal volgens die van-indeling. Indien nie, according to the subdivision of surnames. If not,
skuif asseblief na die korrekte lokaal. 1 please move to the correct venue.
Punte word soms vir berekeninge toegeken. Marks are sometimes allocated for calculations.
Toon dus deurgaans al u berekeninge sonder Therefore, indicate all your calculations without
afronding. Slegs die finale antwoorde moet 2 rounding throughout. Only the final answers
tot twee desimale afgerond word. should be rounded to two decimals.
Maak seker dat u die volledige vraestel inhandig. Ensure that the complete question paper is
Beantwoord alle vrae in die ruimtes wat voorsien returned. Answer all the questions in the spaces
word met ’n pen (slegs blou of swart ink) en skryf 3 provided with a pen (blue or black ink only)
asseblief netjies. and please write neatly.
Assesseringsgeleenthede is veronderstel om u Assessment opportunities are intended to gauge
vermoë om onafhanklik die implikasies van your ability to independently evaluate implications
finansiële bestuursbesluite te evalueer. Hierdie of financial management decisions. This process
proses behels onder meer dat u die relevante 4 entails that you should to be able to identify
inligting moet kan identifiseer uit dit wat verskaf the relevant information provided in a question
word in ʼn vraestel. Dosente sal dus geen vrae paper. Lecturers will therefore not answer questions
tydens assesseringsgeleenthede beantwoord nie. during assessment opportunities.
Hierdie assessering vorm ’n integrale deel van die US This assessment represents an integral part of the
se eksamineringstelsel. Geen boek of geskrif van US examination system. No books or writing of any
enige aard mag in u besit wees nie. Enige oneerlike
gedrag sal tot gevolg hê dat tugstappe ooreen-
5 kind may be in your possession. Any dishonesty
will result in disciplinary action in accordance
komstig die Studente-reglement ingestel kan word. with the Student Regulations.

1

,VRAAG 1 [21 punte / marks] QUESTION 1

Overberg Bpk is ʼn kleinhandelonderneming wat Overberg Ltd is a retail business that often
dikwels probleme met hul kontantposisie onder- experiences problems with its cash position.
vind. Gevolglik oorweeg die bestuurder om die Consequently, the manager is contemplating
maatskappy se kredietbeleid aan te pas. Daar adjusting the company’s credit policy. You
word van u verwag om die maatskappy te adviseer are required to advise the company in terms
ten opsigte van hul verwagte kontantbehoeftes. of its expected cash requirements.

Die volgende beginsaldo’s soos op R The following opening balances as at
1 Mei 20X8 word aan u verskaf: 1 May 20X8 are provided to you:
Kontant 80 000 Cash
Voertuie 360 000 Vehicles
Masjinerie en toerusting 600 000 Machinery and equipment

Die werklike maandelikse verkope vir die R The actual monthly sales for the
afgelope drie maande was soos volg: past three months were as follows:
Februarie 20X8 307 200 February 20X8
Maart 20X8 384 000 March 20X8
April 20X8 480 000 April 20X8

Addisionele inligting: Additional information:
Daar word verwag dat die totale verkope It is expected that the total sales will
elke maand met 25% sal styg. Voor Mei was increase by 25% each month. Prior to May,
50% van die verkope op krediet. Die bestuurder 50% of sales were on credit. The manager,
skat egter dat 35% van die toekomstige however, estimates that 35% of the future
verkope (begin Mei) op krediet sal wees. Die sales (beginning May) will be on credit.
terugbetaling van die handelsdebiteure (wat The repayment of the trade receivables
ontstaan as gevolg van die kredietverkope) sal in (that resulted from the credit sales) will take
twee gelyke ontvangstes in die twee maande place in two equal payments in the two
wat volg op die verkooptransaksie plaasvind. months following the sales transaction.
Die maatskappy se bruto winstoeslag is 25%. The company’s gross profit mark-up is 25%.
Die firma verwag om 'n kontantbedrag van The firm expects to receive a cash amount
R30 000 in die vorm van beleggingsinkomste in of R30 000 in the form of investment
Mei 20X8 te ontvang. Geen wins of verlies met income during May 20X8. No gain or loss
die verkoop van bates sal gerealiseer word nie. on the disposal of assets will be realised.
Overberg Bpk. se voorraad beheerstelsel vereis Overberg Ltd.’s inventory control system
dat die voorraadsaldo aan die einde van requires that the inventory balance at
ʼn maand gelyk moet wees aan 20% van the end of a month should be equal to
daardie maand se verkope. Alle voorraad 20% of that month’s sales. All inventory is
word op krediet aangekoop. Handelskrediteure purchased on credit. Trade payables are
sal in twee gelyke paaiemente in die twee settled in two equal payments in the two
maande na die aankooptransaksie betaal word. months following the purchase transaction.

Lone en salarisse bedra 20% van die koste Wages and salaries amount to 20% of the
van verkope, en word gedurende die maand cost of sales, and are paid during the month
waarin dit aangegaan is betaal. in which it occurred.

2

, Waardevermindering op alle bates word Depreciation on all assets is written-off
volgens die reglynige metode afgeskryf. according to the straight-line method.
Voertuie word oor 'n tydperk van vyf jaar Vehicles are depreciated over a five-year
gedepresieer. Waardevermindering vir period. Depreciation for machinery and
masjinerie en toerusting word oor tien equipment is written off over a ten-year
jaar afgeskryf. Waardevermindering word period. Depreciation is provided for on a
maandeliks voorsien. monthly basis.
Die maatskappy se effektiewe belastingkoers The company’s effective tax rate amounts
beloop 28% van die wins voor belasting, to 28% of the profit before tax, and is
en word aan die einde van elke maand calculated at the end of each month.
bereken. Alle belastingverpligtinge moet All tax obligations have to be paid
dadelik betaal word, terwyl enige belasting- immediately, while any tax losses will
verliese oorgedra word na die volgende be carried over to the next month. A tax
maand. ʼn Belastingverlies van R20 000 is loss of R20 000 was reported at the end
aan die einde van April 20X8 gerapporteer. of April 20X8.
Kwartaallikse rentebetalings op 'n langtermyn- Quarterly interest payments on a long-term
lening van 1 500 000 moet in Junie betaal loan of R1 500 000 must be paid in June.
word. Die rentekoers is 8% per jaar The interest rate is 8% per year (compounded
(kwartaalliks saamgestel). quarterly).



U word gevra om die maatskappy te adviseer You were asked to advise the company
deur 'n kontantbegroting vir Mei, Junie en by compiling a cash budget for May, June
Julie 20X8 op grond van die bostaande 1.1 and July 20X8 based on the information
inligting op te stel. Toon u finale antwoorde provided above. Indicate your final
in die tabel wat voorsien word op bladsy 5. answers in the table provided on page 5.




3

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