Exam (elaborations)
FAC1502 Assignment 3 Semester 2 2024 Distinctions Guaranteed
- Institution
- University Of South Africa (Unisa)
FAC1502 Assignment 3 Semester 2 2024 Distinctions Guaranteed
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UNISA 2024 FAC1502-24-S2 Welcome Message Assessment 3QUIZ
Assessment 3
Opened: Tuesday, 1 October 2024, 8:00 AM
Closes: Tuesday, 8 October 2024, 11:00 PM
Unique number: 554884
PLEASE TAKE NOTE OF THE FOLLOWING IMPORTANT INFORMATION:
NB: Kindly note no extension or 2nd attempt will be granted for missing Assessment 3 for whatever reason (sick note,
loadsheeding, network problems, etc.)
Please submit Elective Assessment 6 as a replacement for Assessment 3 you missed.
Please note the highest mark between Assessment 3 and Elective Assessment 6 will contribute towards your nal mark.
1. You need to know the content of learning units 1 to 16 to be able to complete Assessment 3.
2. You will have one attempt to complete Assessment 3. The mark acquired from this attempt will contribute 25% towards
your nal mark for FAC1502.
3. If you missed Assessment 3 for any reason or would like to improve your marks obtained for this, please submit the
elective Assessment 6. Refer to the elective Assessment 6 information folder for more details.
4. No radio buttons
Kindly note that if the radio buttons are not appearing next to the options of the questions, the problem is with the settings
or the internet browser of the device (smartphone, tablet, or computer) you are using to answer the questions. There is no
problem with the setup of the quiz. Kindly request assistance from mymodule22@unisa.ac.za with this technical issue.
Alternatively, if the radio button does not appear next to the option that you want to select, you can still click on the letter
(a, b, c, or d) or the answer itself of the correct option for the question.
5. How to use a smartphone
If you are using a smartphone to answer your assignments, you must hold your smartphone horizontally (---) when you
choose the correct option for a MCQ.
We have noted that when the smartphone is held vertically (|), the options for the questions do not show the radio button
next to the option.
When you use your smartphone to access myUnisa, you should make use of the Unisa myModules app and not via the
internet browser of your smartphone.
6. Internet connectivity
Please ensure that you have stable internet connectivity whilst submitting your assessment, as well as take into account
your load shedding/reduction schedule if applicable.
7. DO NOT open your assessment in multiple browser windows or tabs at the same time. If you do so, the system will
automatically submit responses on your behalf without your knowledge. Marks awarded for automatic submissions will
be nal marks. No additional opportunity for resubmissions will be given unless students utilise their second Quiz
assessment opportunity within the period that the assessment is open for submission.
, 8. DO NOT click your browser's back button while taking your assessment. Students are at risk of losing previous
responses should they utilise browser navigation buttons. Students are advised to always use Moodle navigation buttons
to move to the next and previous (if allowed) question and to “Save” and "Submit.”.
Kind regards
FAC1502 lecturers
Attempts allowed: 1
Time limit: 1 hour 45 mins
Grade to pass: 50.00 out of 100.00
Summary of your previous attempts
Marks / Grade /
State 80.00 100.00 Review Feedback
Finished Congratulations, you pass the assessment with
Submitted Tuesday, 1 October 2024, a distinction.
10:03 PM
. 0 0 .0 1/ 1
Overall feedback
Congratulations, you pass the assessment with a distinction.
No more attempts are allowed
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This page is: General type: incourse. Context Quiz: Assessment 3 (context id 26465295). Page type mod-quiz-view.
, UNISA 2024 FAC1502-24-S2 Welcome Message Assessment 3
QUIZ
Time left 0:28:35
Question 1
Not yet answered
Marked out of 1.00
Indicate by choosing the correct option whether the following statement is true or false:
Accrued membership fees at the beginning of a nancial period will be entered on the credit side of the membership fees account.
Select one:
True
False
Question 2
Not yet answered
Marked out of 1.00
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 1 200 000 900 000 700 000
Cost of sales (700 000) (500 000) (400 000)
Gross profit 500 000 400 000 300 000
The gross profit percentage on sales for the year ended 31 May 20.4 is …
Instructions:
1. Use a full stop to indicate any decimals (e.g., 70.01)
2. Round off to the second decimal after the full stop (e.g., 50.56)
3. Don't show the % sign, only the numbers (e.g., 70.01% is 70.01)
Answer: 41.67
, Question 3
Not yet answered
Marked out of 2.00
Lunas Art Club provides you with the following information for the 20.2 nancial year. Lunas Art Club had 45 members at the end of
the 20.2 nancial year. Membership fees amounts to R280 per month. On 1 January 20.2, ve new members joined the club and paid
an entrance fee of R100 each. The entrance fees received was capitalised to the accumulated fund account. Membership fees
received in advance on 31 December 20.1 was R20 160. The nancial year-end of Lunas Art Club is 31 December.
The amount of membership fees received for the current nancial year is …
Instructions:
1. Round off to the nearest Rand (eg: 50.56 is 51)
2. Only show the amount, do not show the R (eg: 12141)
Answer: 131040
Question 4
Not yet answered
Marked out of 1.00
Membership fees of Gizmo Soccer Club was R300 per year for 20.1 and R340 per year for 20.2. On 31 December 20.1, it was noted
that 8 members did not pay their membership fees for 20.1 and 13 members paid their membership fees for the 20.2 on 31
December. The nancial year end of Gizmo Soccer Club is 31 December.
The membership fees account in the general ledger of Gizmo Soccer Club will be debited with … on 31 December 20.1.
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the nearest Rand (eg: 50.56 is 51)
3. Only show the amount, do not show the R (eg: 12141.72)
Answer: 4420
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