On 7 August 2021 the Intergovernmental Panel on Climate Change (IPCC) published a report1 that sent shockwaves around the world. The report shows that global heating is widespread, rapid and intensifying, and that extreme weather such as wildfires and floods will become more commonplace unless drastic and sustained changes are made – urgently. The following is just one of the numerous alarming findings detailed in […]
Question 1 Sonic Selection would like to put firm performance metrics in place for its sales managers, based off customer conversion rates, as they would like to reward the sales managers based on the rate at which users that browse the site end up purchasing tracks. The need for changing the incentive scheme has been driven by information recently published by the eCommerce Association around […]
QUESTION ONE [35] In a small town the distance of a sample of 122 randomly selected house from the entrance to the town’s main supermarket was measured to the nearest metre. The table below shows this information DISTANCE FREQUENCY [57; 60) 9 [60; 63) 10 [63; 66) 18 [66; 69) 42 [69; 72) […]
QUESTION ONE [25] The following financial information relates to Cams Limited. Statement of Financial Position as at 31 December 2020 and 2021 2021 R 2020 R Ordinary share capital 400 000 295 000 Retained earnings 55 000 5 000 Property, plant and equipment 230 000 195 000 Investments 165 000 110 000 Debentures 12.5% 20 000 60 000 Inventory 124 000 120 000 Trade […]
Samke Limited sells new equipment and repairs equipment for their regular customers. The following information was extracted from the accounting records for the financial year ended 30 June 2021 1. Extracted from the Pre-Adjustment Trial Balance at 30 June 2021: R Fixed deposit 160 000 Inventory: Trade goods 219 800 Debtors control 39 090 Machinery 224 000 Accumulated depreciation: Machinery 130 000 Long term […]
Prof Upendra Baxi writes that ‘[c]onstitutionalism, most generally understood, provides for structures, forms,and apparatuses of governance and modes of legitimation of power’. He goes on to suggest that ‘constitutionalism is not all about governance’, because it also provides ‘for ideas and practices concerning justice, rights, development and individual / associational autonomy’. From this point of view, Baxi rejects what he calls the ‘modern superstition’ that […]
You are the senior accountant at Pern Limited (Pern). Pern is a JSE listed company and the financial year end is 30 June 2022. You are in the process of completing the recording and financial statement presentation and disclosure of the lease transactions for the financial year. Detailed below is a summary of the only lease transaction: Date of inception, 1 October 2021. Position of […]
Atom Sports Accessories is a startup company for sports accessories. The company is ready to enter the market where the giant companies are already present with their products. Atom Sports Accessories provides sports accessories related to cricket, hockey, and badminton. The founder of Atom was an athlete and has a core knowledge of several types of sports being played in the city. Because of the […]
QUESTION 1 A company issued R100-million in 14% debentures of R100 each, redeemable at par after five years. Calculate the cost of debt if the debentures are issued at 10% premium with 5% flotation cost. Assume 30% corporate tax. QUESTION 2 CT Ltd. has R1,000,000 allocated for capital rationing purposes. The following proposals and associated profitability indexes have been determined. Project Investment required ® Present […]
QUESTION ONE [25] According to Writing (2019), the purchasing department is responsible for procuring raw materials and other resources at the best possible price. In relation to the above, and with the aid of examples, discuss the functions of the purchasing management. (15) Explain the layout of production for a hotel’s interior and exterior and provide examples to support your answer. (10) QUESTION TWO [30] […]
