E. Extract from the Cash Budget for April and May 2021:…
E. Extract from the Cash Budget for April and May 2021: APRIL R MAY R Cash sales 78 300 (i) Loan received 316 800 0 Payment to creditors 134 583 (ii) Salary of manager 15 000 16 500 Wages of sales staff 38 400 38 400 Operating expenses ? (iii) Drawings 18 000 (iv) Water and electricity 15 400 16 632 Deposit on new equipment 12 600 0 Instalment on new equipment 0 (v) Instalment on loan 0 (vi) Interest on loan 0 2 310
Read DetailsQUESTION 3: INTERPRETATION OF FINANCIAL INFORMATION (36 mark…
QUESTION 3: INTERPRETATION OF FINANCIAL INFORMATION (36 marks; 22 minutes) 3.1 CONCEPTS REQUIRED: Concepts relating to companies are given in COLUMN A and descriptions in COLUMN B. Choose a description from COLUMN B that matches a concept in COLUMN A. Write only the letter (A–D) next to the question number (3.1.1 – 3.1.4) in the ANSWER BOOK. COLUMN A (CONCEPT) COLUMN B (EXPLANATION) 3.1.1 Liquidity A. Indicates the benefit that the owners receive from their investment in the business. 3.1.2 Solvency B. Indicates whether the business can pay off immediate debts. 3.1.3 Gearing C. Indicates the extent to which a business is financed by borrowed capital. 3.1.4 Return on equity D. Indicates whether the business will be able to pay off all its debts. (4) 3.2 MALINDE LTD The information presented relates to the financial year ended 30 April 2020. REQUIRED: 3.2.1 Comment on the overall liquidity position of the company. Quote THREE relevant financial indicators (with figures). (12) 3.2.2 The directors decided to change the dividend pay-out policy in 2020. · Provide calculations that indicate the policy change. · Explain the effect of this change of policy on the company. State TWO points. (8) 3.2.3 One of the directors feels that the company should pay back the loan as soon as possible. What are your views about this? Quote and explain TWO relevant financial indicators with figures. (6) 3.2.4 Explain why the shareholders are satisfied with the market price of the shares on the JSE. Quote figures/financial indicators. (6)
Read DetailsVRAAG 2: KONTANTVLOEISTAAT, NOTAS TOT FINANSIËLE STATE EN VE…
VRAAG 2: KONTANTVLOEISTAAT, NOTAS TOT FINANSIËLE STATE EN VERHOUDINGS (43 punte; 26 minute) Jy word voorsien van inligting rakende Blusser Beperk vir die jaar geëindig 30 Junie 2020. Blusser Beperk is ‘n publieke maatskappy wat op die JSE genoteer is. GEVRA: 2.1 Voltooi die nota vir Gewone aandelekapitaal tot die Balansstaat op 30 Junie 2020. (5) 2.2 Bereken die ontbrekende bedrae aangedui deur (a) tot (g) in die Kontantvloeistaat. LET WEL: Dui die korrekte vloei van kontant in die finale antwoord aan. (18) 2.3 Die Kontantvloeistaat beklemtoon sekere belangrike besluite wat deur die direkteure in die afgelope jaar geneem is. Verduidelik TWEE van dié belangrike besluite. Haal bedrae aan om jou antwoord te ondersteun. (6) 2.4 Op die AJV kondig die direkteure aan dat die maatskappy: Alle werknemers met betrekking tot morele en etiese gedrag sal oplei. Fondse vir die skoonmaak van die omgewing sal skenk. Verduidelik waarom dit nodig is ten spyte daarvan dat dit die maatskappy elke jaar baie geld sal kos. Noem DRIE punte. (6) 2.5 Bereken die volgende finansiële aanwysers op 30 Junie 2020: · Vuurproefverhouding (5) · Netto batewaarde per aandeel (3)
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