James Biggs is a new Trainee Auditor for Arthur Panders Answers

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 […]

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Fixbox Ltd (“Fixbox”) and Gearup Ltd (“Gearup”) are two companies Answers

QUESTION 1 (63 marks) Fixbox Ltd (“Fixbox”) and Gearup Ltd (“Gearup”) are two companies that sell tools. Both entities have a 31 December financial year-end. The following trial balances were obtained from the financial records of Fixbox and Gearup for the financial year ended 31 December 2023: Trial balance Fixbox Ltd (R) GearupLtd (R)   DR CR DR CR Ordinary share capital (R1 each for all […]

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Principles of strategy, risk and financial management techniques (HFMN230-1)

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 […]

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Karoo Ltd is a retailer of furniture and fittings Answers

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: […]

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Taxation of Individuals (HTAX230-1) Assignment Answers

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 […]

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Economics 1 (HECO130-1) Assignment Answers

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 […]

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Royal Footwear Boutique (Pty) Ltd specializes in luxury footwear Answers

QUESTION 1 (14 marks) Royal Footwear Boutique (Pty) Ltd specializes in luxury footwear and related premium accessories. The company’s financial year concluded on 31 December 2023. You have been given an extract from the pre-adjusted trial balance of Royal Footwear Boutique (Pty) Ltd for the 2023 financial yearend. The following is the extract of the pre-adjustment trial balance of Footwear Boutique (Pty) Ltd as at […]

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Financial Management (HFMN330-1) Assignment Answers

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 […]

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IT Systems Management 1 (HISM100-1) Assignment Answers

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 […]

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James Biggs is a new Trainee Auditor Assignment Answers

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 […]

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