Exam (elaborations)
FAC1501 Assignment 4 2024 | Due 14 Oct 2024 (100%)
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FAC1501 Assignment 4 2024 | Due 14 Oct 2024 (100%)
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Dashboard / My courses / FAC1501-24-S2 / Welcome Message / Assessment 4Opened: Thursday, 10 October 2024, 8:00 AM
Closes: Monday, 14 October 2024, 11:00 PM
Started on Saturday, 12 October 2024, 1:52 AM
State Finished
Completed on Saturday, 12 October 2024, 2:04 AM
Time taken 11 mins 59 secs
Marks 50.00/50.00
Grade 98.64 out of 100.00
Feedback You passed this assignment with a distinction. Keep up the good work.
Question 1
Not yet answered
Marked out of 2.00
Africa Traders is not a registered VAT vendor and buys and sells furniture. Africa Traders sold a dining room table for R3 700. The mark-up percentage on
cost is 25%.
What is the cost price of the product?
NB: Instructions
1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72)
2. Use a full stop to indicate any decimals (eg: 1000.01)
3. You must enter cents even if it is 0 (eg .00)
4. Only show the amount, do not show the R (eg: 12141.72)
Answer: 2960
Question 2
Not yet answered
Marked out of 1.00
Checking the balances and totals in the ledger accounts will not assist with tracing errors revealed by the trial balance.
Select one:
True
False
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