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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

QUESTION 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)

VRAAG 1: FINANSIËLE STATE EN NOTAS TOT FINANSIëLE STATE (59…

VRAAG 1: FINANSIËLE STATE EN NOTAS TOT FINANSIëLE STATE (59 punte; 34 minute) Jy word van inligting voorsien vir Daddabuy Beperk vir die finansiële jaar geëindig op 28 Februarie 2021.   GEVRA:   1.1 Voltooi die Inkomstestaat vir die jaar geëindig 28 Februarie 2021. (47) 1.2 Voltooi die Nota vir Behoue-inkomste. (12) INLIGTING:   UITTREKSEL UIT DIE VOOR-AANSUIWERINGSPROEFBALANS OP 28 FEBRUARIE 2021   Balansstaatrekeninge-afdeling Debiet Krediet Gewone aandelekapitaal   7 200 000 Behoue inkomste (1 Maart 2020)   455 600 Lening: Bulls Bank   ? Handelsvoorraad 1 905 000   Krediteurekontrole   974 600 SAID (Inkomstebelasting) 523 600   Voorsiening vir oninbare skulde   42 800 Vaste deposito: Monkey Bank (7%) 600 000   Nominale rekeninge-afdeling     Verkope   ? Koste van verkope 14 800 000   Huurinkomste   252 000 Rente op vaste deposito   21 000 Direkteursfooie 1 525 000   Salarisse en lone 865 350   Oninbare skulde 22 500   Ouditeursfooie 160 000   Advertensies 555 000   Verbruiksgoedere 72 600   Waardevermindering ?   Waardevermindering Toerusting 29 800   Waardevermindering Voertuie ?   Diverse uitgawes 647 051   Gewone aandele dividende 480 000