Exam (elaborations)
FAC1502 Assignment 3 2024 | 8 October 2024
- Course
- Institution
FAC1502 Assignment 3 2024
[Show more]
3 reviews
By: mphola555 • 1 month ago
By: chikovorer • 1 month ago
By: foonoopmakemaker • 1 month ago
Seller
Follow
Thandolowethu
Reviews received
Content preview
UNISA 2024 FAC1502-24-S2 Welcome Message Assessment 3QUIZ
Assessment 3
Opened: Tuesday, 1 October 2024, 8:00 AM
Closes: Tuesday, 8 October 2024, 11:00 PM
Summary of your previous attempts
Marks /
State
Finished 95 67 2 00 Congratulations, you pass
Submitted Wednesday, the assessment with a
2 October 2024 distinction.
73 A
Your nal grade for this quiz is
Overall feedback
Congratulations, you pass the assessment with a distinction.
No more attempts are allowed
Back to the course
, Question 1
Incorrect
Mark 0.00 out of 1.00
GBV Club is a non- profit organisation that was started by 150 members on 1 January 20.7. The objective of GBV Club is to address gender-
based violence that is faced by South African citizens. The constitution of GBV Club indicated the following:
(a) Membership fees amount to R1 600 per member per annum.
(b) Entrance fees to join the club amount to R180 per member and it should be capitalised.
(c) Membership fees needs to increase by 10% at the beginning of every year, starting from 1 January 20.8.
(d) GBV Club does not provide members with refunds if they leave the club.
In order to prepare the financial statements for the current financial period ended 31 December 20.8, the bookkeeper presented the
following information regarding the finances of the club to members at a meeting held on 31 December 20.8:
Membership fees and entrance fees:
(1) 80 new members joined the club and each member paid their entrance fees of R180.
(2) Membership fees received of R306 480 for the current financial year ended 31 December 20.9
The amount for entrance fees paid by the new members in the current financial period that will form part of the accumulated fund
will be:
Instructions:
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to the nearest Rand (eg: 50.56 is 51)
3. Only show the amount, do not show the R (eg: 12141.72)
Answer: 14400
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Thandolowethu. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.83. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now