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TOPIC: FAC1502 Assignment 2- DISCUSSION
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#11301
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 27
When I finish with a topic, I feel that i'll be able to tackle any qs but once I get to the assignment it's like I've forgotten everything! Everything is so twisted! Ugh...Anyways i still have my doubts in number 5 but moving on...

Qs 6

I got option 2 as my answer. Do u all agree?
Uneiza
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#11303
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 27
NUmber 7-
My answer is Option 2

Here's my working:

Gross Proft %=gross profit/sales revenue

x means gross profit
0.2=x / 300000

x=60 000
Cost of sales= sales - gross profit

COS = 300000 - 600000
=240000

So now we have the following info:

gross profit %= 0.2
cash sales= 300000
cash gross profit= 60000
cash COS= 240000

We have Total COS given to us=400000
So credit COS=160,000

Since we want to find credit sales AND we already have credit COS, we find the percentage of it( 300000/240000)=1.25
1.25*160000
=R200000

Next--->Debtor's Control Account

DR
60000
200000

CR
100000
160000

dO U GUYS agree?
Uneiza
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#11305
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 27
alsoran wrote:
While we ponder and discuss Q6 I thought I might try

Q12 - 3

Purchase price less trade discount is entered into books

(500 - (500 * 25/100) = 375

Cheers,


I got a different answer

475-(475*25/100)

R356,25

Therefore option 4.

Any thoughts?
Uneiza
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#11308
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 2
Question 15 is option 4

Vehicle 2:
(128 000 - 14 000) ÷ 4years
= 28 500
28 500 x 6 ÷ 12 (moths) = 14 250
128 000 - 14 250 = 113 750

Vehicle 3:
(132 000 - 15 000) ÷ 4years
= 29 250
29 250 x 6 ÷ 12 (moths) = 14 625
132 000 - 14 625 = 117 375

113 750 + 117 375
= 231 125

I did not include vehicle 1 as it was sold.

Thoughts?
Mosa Mokwana
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Last Edit: 2011/03/20 05:25 By Mosa The 1.Reason: Inserting brackets
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#11330
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 27
I have the same answer.
Uneiza
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#11346
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 87
Uneiza wrote
Qs 6 option 2 as my answer. Do u all agree?

Agreed Q6 -2

NUmber 7- My answer is Option 2

Agreed Q7 - 2


Q12 - I got a different answer

475-(475*25/100)

R356,25

Therefore option 4.

Any thoughts?


I assumed the amount is still to be paid and therefore the trade discount is taken into account and not the 5% discount.

Yours is correct if the amount was paid within the 20 days and the 5% discount was taken into account.

Cheers,
alsoran
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‘ “Would you tell me please which way I go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don’t much care where,” said Alice.
“Then it doesn’t matter which way you go,” said the Cat. ’
Alice in Wonderland
by Lewis Carol
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#11347
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 87
Mosa Mokwana wrote:
Question 15 is option 4

Thoughts?


Agreed Q15 - 4
alsoran
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‘ “Would you tell me please which way I go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don’t much care where,” said Alice.
“Then it doesn’t matter which way you go,” said the Cat. ’
Alice in Wonderland
by Lewis Carol
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#11348
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 58
Good day every one...

I was just wondering if any one will be willing to give me Assignmet 1 and 2...so I can do it...
O and where will I get the answers?

Thank you!

ekke777@hotmail.com
snevs
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*happy studies*

annemie
Bcom IOP 98308 (2014)

3, 5 years, moving to a new degree twice (due to false info from UNISA Parow), 70 assignments and 32 exams later and I have my Degree!!!!! (Bachelor of Commerce in Industrial and Organisational Psychology) I got an average of 88% and a 3rd year average of 90%. I am now a postgrad!!!
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#11350
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 87
Announcement on MyUnisa

Question 6 will NOT be marked due to date issues with Afrikaans question

Cheers,
alsoran
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Last Edit: 2011/03/22 17:03 By alsoran.
‘ “Would you tell me please which way I go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don’t much care where,” said Alice.
“Then it doesn’t matter which way you go,” said the Cat. ’
Alice in Wonderland
by Lewis Carol
The administrator has disabled public write access.
 
#11353
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 2
alsoran wrote:
Announcement on MyUnisa

Question 6 will NOT be marked due to date issues with Afrikaans question

Cheers,

Hope they'll give us marks for that.
Mosa Mokwana
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#11355
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 87
Mosa Mokwana wrote:

Hope they'll give us marks for that.


Nope just excluded from the marking. So marks will be out of 19 instead of 20.

Cheers,
alsoran
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Last Edit: 2011/03/22 17:50 By alsoran.
‘ “Would you tell me please which way I go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don’t much care where,” said Alice.
“Then it doesn’t matter which way you go,” said the Cat. ’
Alice in Wonderland
by Lewis Carol
The administrator has disabled public write access.
 
#11359
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 2
alsoran wrote:
Announcement on MyUnisa

Question 6 will NOT be marked due to date issues with Afrikaans question

Cheers,

Hope they'll give us marks for that.
Mosa Mokwana
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#11364
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 0
I don't understand why it is so difficult for them to get the questions right.
I have only JUST STARTED this assignment, because I am doing 5 subjects

If people want to copy answers, let them, they are only hurting themselves since they won't be able to copy answers in the Exams

Personally I never copy anybody's answers because nobody is as smart as me and I could copy the wrong answer. LOL
Alison
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#11366
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 2
Where is Kyra the person who started this topic?...He seems to have gone AWOL, nowhere to be found.
Mosa Mokwana
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#11381
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 12
Firstly Mosa, my dad is very ill at the moment and I haven't been able to visit the website. Secondly, just to put it out there, I'm not a "HE".
Kyra
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#11383
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 87
Kyra wrote:
just to put it out there, I'm not a "HE".

I could of said I knew that instead I laughed. Sorry

Cheers,
alsoran
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‘ “Would you tell me please which way I go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don’t much care where,” said Alice.
“Then it doesn’t matter which way you go,” said the Cat. ’
Alice in Wonderland
by Lewis Carol
The administrator has disabled public write access.
 
#11387
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 12
It's fine!
Kyra
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#11427
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 87
Q17 -2

Starting balance 3000
Purchases 15000
Less Debit Note -1000
Paid Supplier -6000
Paid Supplier -3000
Interest Charges 20
Cancelled Debit Note 1000

Balance = 9020

All thoughts and comments welcome

Cheers,
alsoran
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‘ “Would you tell me please which way I go from here?”
“That depends a good deal on where you want to get to,” said the Cat.
“I don’t much care where,” said Alice.
“Then it doesn’t matter which way you go,” said the Cat. ’
Alice in Wonderland
by Lewis Carol
The administrator has disabled public write access.
 
#11467
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 1
Question 18 option 2
balance R6100
(150-105) = +R45
Undercast +R100
amendment +R70
amendment +R40
amendment -R30
this equals to R6325 hence option 2
kdutoit123
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#11469
Re:FAC1502 Assignment 2- DISCUSSION 3 Years, 9 Months ago Karma: 1
I think this is a great initiative, Thank you Kyra
kdutoit123
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