Examen
MAC1501 ASSESSMENT 6 SEM 1 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS
- Grado
- Institución
THIS DOCUMENT CONTAINS MAC1501 ASSESSMENT 6 SEM 1 OF 2024 EXPECTED QUESTIONS AND SOLUTIONS . USING IT CORRECTLY WIL HELP YOU SCORE ABOVE 75%
[Mostrar más]Vista previa 4 fuera de 130 páginas
Vista previa 4 fuera de 130 páginas
Añadir al carrito
Añadir al carrito
3 reseñas
Por: iamsiphiwemashabane • 1 semana hace
Por: nompilo9512 • 4 meses hace
Por: ongeziwenota21 • 5 meses hace
Vendedor
Seguir
oscardiura
Comentarios recibidos
Vista previa del contenido
Tshiawelo Pty Limited has provided you with the following extract from the financial records for the financial year ended 31 December 2023R
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
, UNISA 2024 MAC1501-24-S1 Welcome Message Assessment 6
QUIZ
Time left 0:02:22
,Question 1
Incomplete answer
Marked out of 15.00
Muzinda (Pty) Ltd is a company established by female entrepreneurs. The company makes school uniforms for various public and private schools. The company, at present, employs two female
workers in the factory. The wage summary of these two employees is as follows:
EMPLOYEE NAME NORMAL WAGE PER VACATION LEAVE (IN
WEEK WEEKS)
Zuzile R1 710 3
Elize R1 575 4
Additional information:
The company operates on a 45-hour week (Mon – Fri), including seventy-five (75) minutes for tea and lunch breaks.
There are ten (10) public holidays per year, two (2) of which occur on Saturdays during the year.
Idle time is estimated at 5% of available production time at work.
Zuzile weekly pension contributions of R410 are allocated at a ratio of 4:6 between the employee and the employer, respectively.
Elize weekly pension contributions of R375 are allocated at a ratio of 3:7 between the employee and the employer, respectively.
The UIF rate for all employees is 2% of total gross remuneration, allocated at a ratio of 1:1 between the employee and employer, respectively.
Required:
Calculate the following items and fill in the missing data by choosing the correct answers from the options provided:
(a) Total annual budgeted productive hours per employee (rounded to decimals).
Zuzile Elize
Number of hours available for production 2 026,35 2 026,35
Less: Vacation leave 135,00 155,00
Less: Paid public holidays 116,25
Number of hours per week 1 744,91 1 708,10
Number of hours available for production 1 744,91 1 708,10
Total annual budgeted productive hours per 1 744,91 1 708,10
employee
(b) Total budgeted labour cost per employee
Zuzile Elize
Normal annual wage 102 752,40 1 543,50
Add: Annual leave 5 130,00 6 300,00
UIF 889,20 834,75
Medical aid 889,20 834,75
Total budgeted labour cost per 88 920,00 97 959,75
employee
(c) Hourly labour recovery rate per employee (rounded to decimals).
Zuzile Elize
Total budgeted labour cost per employee 58,80 56,38
Please put an answer in each box.
, UNISA 2024 MAC1501-24-S1 Welcome Message Assessment 6
QUIZ
Time left 0:21:55
Question 6
Not yet answered
Marked out of 15.00
Usiba (Pty) Ltd manufactures cellphone chips. An extract from a company's third quarter sales budget for 2024 is as follows:
R
July 1 080 700
August 870 200
September 1 055 480
Twenty five percent (25%) of sales are paid for immediately in cash. Of the credit customers, sixty percent (60%) pay in the month of sale and are entitled to a one percent (1%) discount. The
remaining customers pay a month after the sale is made. The budgeted sales for June 2024 amount to R995 750.
The production budget for cellphone chips for July 2024 to September 2024 is as follows.
July August September
Production units 3 050 2 860 3 620
Each unit of cellphone chip requires 75 minutes of direct labour. The direct labour rate is R40 per hour. Wages are paid in the month of production. Production units of 2 590 cellphone chips are
planned to be produced in June 2024.
The budgeted raw material purchases is as follows.
July August September
R R R
270 300 284 000 289 100
Fifty percent (50%) of material purchases are paid for immediately in cash. Credit purchases are paid for in the month following purchase. The raw material purchases with the value of R240 550
are budgeted for the month of June 2024.
All other costs are paid as incurred.
Required:
Calculate the missing data in the following cash budget and choose the correct answer from the options provided. (Round off to the nearest R1, where applicable).
July August September
R R R
Opening balance of cash 116 758 461 185 695 469
Cash inflows:
Cash collection from sales 1 050 352 929 434 955 146
Cash outflows:
Raw material purchases 255 425 277 150 286 550
Direct labour payment 152 500 143 000 181 000
Payment of other expenses 298 000 275 000 345 200
Net cash surplus/(deficit) 461 185 695 469 837 865
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
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.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary 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 this summary for 5,02 €. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now