QUESTION 1 (59 marks) Mr. James Storm is an investment consultant employed at Standard Peak Ltd (“Standard Peak”). Each investment consultant of Standard Peak is allocated their own portfolio of existing and new clients. Accordingly, Mr James Storm has also been assigned a portfolio of clients to assist. The following clients allocated to Mr James Storms currently have queries and require assistance: CASE 1: MRS […]
Posted: April 30, 2024
QUESTION 1 (34 Marks) Karoo Ltd is a retailer of furniture and fittings that allows customers to buy on credit. The following information pertains to Karoo’s for the year ended 31 March 2024: Extract from the pre-adjusted trial balance of Karoo as at 31 March 2024 Trade receivables R2 208 960 Allowance for doubtful debts R220 896 The following are the policies of Karoo Ltd: […]
Posted: April 24, 2024
QUESTION 1 (40 marks) Linda, a 68-year-old South African resident, has been a full-time employee at Aqua Limited (‘Aqua’) since 2005. She works at Aqua’s Gauteng branch. The following information relates to Linda’s 2024 year of assessment: 1. Linda earned a monthly salary of R57 000 from Aqua for the period 1 March 2023 to 29 February 2024 (247 working days). Linda was obliged to […]
Posted: April 20, 2024
Question 1: 1.1) Describe the difference between the terms Cost and Price. (4 Marks) 1.2) Gregory is given a weekly allowance of R50 to spend on his two favourite snacks, Coke and Lays chips. The price of Coke is R10 and the price of Lays chips is R5. He spends his entire allowance on these two goods. Using the information provided, complete the table below […]
Posted: April 16, 2024
Question 1: You have recently been appointed as the Financial Manager’s Assistant of Prime Ltd, and you were provided with the following information for project Lime. Year Net cash flows 1 R87 015 2 R98 280 3 R94 038 4 R100 667 5 R103 983 The initial investment amounts to R288 519, and the cost of capital (required rate of return) of 15%. NOTE: YOU MAY […]
Posted: April 16, 2024
Question 1 (20 Marks) You have been hired as an IT consultant by a medium-sized corporation. The company is concerned about its environmental impact and is committed to adopting more sustainable and eco-friendly practices. They want to explore the concept of green computing to reduce their carbon footprint and energy consumption. In the given scenario, as an IT consultant, you are tasked with advising the […]
Posted: April 11, 2024
QUESTION 1 (20 marks) James Biggs is a new Trainee Auditor for Arthur Panders Incorporated. He has just completed his three-year degree and is very excited to join the firm. His father is the CEO of Basic Furniture (Pty) Ltd, and he indicated to Chester, one of the Partners of Arthur Panders, that Basic Furniture (Pty) Ltd is currently looking for auditors. Chester is very […]
Posted: April 11, 2024
Question 1 (20 marks) Required: Write an essay in which you discuss the vital role and functions of the Johannesburg Stock Exchange (JSE) and the rationale for the financial regulation of markets. Answers to the Above Question on Company Law Answer 1: Johannesburg stock exchange is one of the most important financial institutions in South Africa that provide the option of buying and selling of […]
Posted: April 11, 2024
Question 1 (20 marks) Consider the following excerpts below and answer the question that follows: “Although some black people have been economically empowered, a significant number of South Africans still live in poverty. Estimates by Statistics South Africa show that around half of South Africans survive on less than R779 per month. South Africa suffers from high levels of unemployment estimated at between 25% and […]
Posted: April 11, 2024
