MAC3702
Assignment 2 Semester 2 2024
Unique Number:
Due Date: 12 September 2024
QUESTION 1
a. Bafifi’s forecast from 2024 to 2026
Particulars 2023 2024 2025 2026
(Forecast) (Forecast) (Forecast)
Revenue 260,000 291,200 311,584 333,385
Cost of Sales (125,000) (174,720) (160,980) (166,692)
Gross Profit 135,000 116,480 150,604) 166,692
DISCLAIMER
Other&Operating
TERMS OFExpenses
USE (40,000) (46,000) (48,300) (50,715)
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
Depreciation (23,000) (23,000) (23,000) (23,000)
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
prov
]
, For additional support +27 81 278 3372
QUESTION 1
a. Bafifi’s forecast from 2024 to 2026
Particulars 2023 2024 2025 2026
(Forecast) (Forecast) (Forecast)
Revenue 260,000 291,200 311,584 333,385
Cost of Sales (125,000) (174,720) (160,980) (166,692)
Gross Profit 135,000 116,480 150,604) 166,692
Other Operating Expenses (40,000) (46,000) (48,300) (50,715)
Depreciation (23,000) (23,000) (23,000) (23,000)
Profit from Operations 72,000 47,480 79,304 92,977
Finance Costs (24,000) (10,000) (10,000) 0
Profit before Tax 48,000 37,480 69,304) 92,977
Taxation (27%) (12,960) (10,120) (18,712) (25,104)
Profit after Tax 35,040 27,360 50,592 67,873
Calculations
Particulars 2023 2024 (Forecast) 2025 (Forecast) 2026 (Forecast)
Revenue 260,000 (260,000 ×1.12) (291,200 ×1.07) (311,584 ×1.07)
Cost of Sales (125,000) (116,480 ÷ 0.4) (174,720 ×0.92) (160,980 × 1.035)
Gross Profit 135,000 (291,200 × 0.4) (311,584 × (333,385 × 0.5)
0.4832)
Other Operating Expenses (40,000) (40,000 × 1.15) (46,000 × 1.05) (48,300 × 1.05)
Depreciation (23,000) (23,000) (23,000) (23,000)
Profit from Operations 72,000 (116,480 - 46,000 - (150,604 - 48,300 (166,692 - 50,715 -
23,000) - 23,000) 23,000)
Finance Costs (24,000) (100,000 × 10%) (10,000) 0
