LML4804 PORTFILIO
(COMPLETE ANSWERS)
Semester 2 2025 - DUE
14 October 2025
[Document subtitle]
[School]
[Course title]
, LML4804 PORTFILIO (COMPLETE ANSWERS) Semester 2 2025 - DUE 14 October 2025
Course
Tax Law - LML4804 (LML4804)
Institution
University Of South Africa (Unisa)
Book
South Africa Business Law Handbook Volume 1 Strategic Information and Basic Laws
LML4804 PORTFILIO (COMPLETE ANSWERS) Semester 2 2025 - DUE 14 October 2025; 100%
TRUSTED Complete, trusted solutions and explanations. For assistance,
VQUESTION 1 (GROSS INCOME) After retiring from playing professional hockey, Lentumetse
applied for a liquor licence on 04 April 2023 in order to start a liquor business in Bopcity
(Pretoria, Gauteng). Although Lentumetse only received her licence on 08 July 2023, she had
already commenced trading in April 2023 under the name Lentumetse’s Pub. On 23 January
2024, Lentumetse’s Pub earned a profit of R420 000. Noticing the success of the business, her
friend Kgopotso advised her to join Events Support Club (“ESC”). When a person becomes a
member of the ESC, their name is added to the list of distributors which supply organisations,
companies or individuals hosting events or functions with liquor on credit. The distributor will
then receive payment within three months after the hosting of such event or function by such
organisation, company or individual. On 15 December 2024, Lentumetse’s Pub (as a member of
the ESC), supplied liquor worth R400 000 to Date & Wedd Event Organisers (Date & Wedd).
After Date & Wedd had hosted a successful high-profile celebrity marriage during December
2024, it paid only R250 000 to Lentumetse’s Pub on 28 February 2025 from the total invoice of
R400 000. However, Date & Wedd refused to pay the balance owing to a dispute related to the
quantum of liquor that was supplied by Lentumetse’s Pub. On 29 April 2025, the outstanding
balance of R150 000 was paid after the dispute was resolved as it was proven that Lentumetse’s
Pub had indeed supplied the correct amount of liquor to Date & Wedd. Lentumetse’s
frustrations began when the business was not able to generate quick profit as a result of selling
liquor on credit. In order to increase her business profit margins, she came up with an idea to
invite a top local DJ to perform at her pub on the last Saturday of every month. She charges
each person an entrance fee of R50. During July 2025, Lentumetse’s Pub made a whopping
profit of R1,5 million. However, the community raised complaints against Lentumetse’s Pub.
Two of the complaints were that Lentumetse’s Pub sells alcohol to children under the age of 18
and also that the pub operated until 05:00 in the morning. The Liquor Board and South African
(COMPLETE ANSWERS)
Semester 2 2025 - DUE
14 October 2025
[Document subtitle]
[School]
[Course title]
, LML4804 PORTFILIO (COMPLETE ANSWERS) Semester 2 2025 - DUE 14 October 2025
Course
Tax Law - LML4804 (LML4804)
Institution
University Of South Africa (Unisa)
Book
South Africa Business Law Handbook Volume 1 Strategic Information and Basic Laws
LML4804 PORTFILIO (COMPLETE ANSWERS) Semester 2 2025 - DUE 14 October 2025; 100%
TRUSTED Complete, trusted solutions and explanations. For assistance,
VQUESTION 1 (GROSS INCOME) After retiring from playing professional hockey, Lentumetse
applied for a liquor licence on 04 April 2023 in order to start a liquor business in Bopcity
(Pretoria, Gauteng). Although Lentumetse only received her licence on 08 July 2023, she had
already commenced trading in April 2023 under the name Lentumetse’s Pub. On 23 January
2024, Lentumetse’s Pub earned a profit of R420 000. Noticing the success of the business, her
friend Kgopotso advised her to join Events Support Club (“ESC”). When a person becomes a
member of the ESC, their name is added to the list of distributors which supply organisations,
companies or individuals hosting events or functions with liquor on credit. The distributor will
then receive payment within three months after the hosting of such event or function by such
organisation, company or individual. On 15 December 2024, Lentumetse’s Pub (as a member of
the ESC), supplied liquor worth R400 000 to Date & Wedd Event Organisers (Date & Wedd).
After Date & Wedd had hosted a successful high-profile celebrity marriage during December
2024, it paid only R250 000 to Lentumetse’s Pub on 28 February 2025 from the total invoice of
R400 000. However, Date & Wedd refused to pay the balance owing to a dispute related to the
quantum of liquor that was supplied by Lentumetse’s Pub. On 29 April 2025, the outstanding
balance of R150 000 was paid after the dispute was resolved as it was proven that Lentumetse’s
Pub had indeed supplied the correct amount of liquor to Date & Wedd. Lentumetse’s
frustrations began when the business was not able to generate quick profit as a result of selling
liquor on credit. In order to increase her business profit margins, she came up with an idea to
invite a top local DJ to perform at her pub on the last Saturday of every month. She charges
each person an entrance fee of R50. During July 2025, Lentumetse’s Pub made a whopping
profit of R1,5 million. However, the community raised complaints against Lentumetse’s Pub.
Two of the complaints were that Lentumetse’s Pub sells alcohol to children under the age of 18
and also that the pub operated until 05:00 in the morning. The Liquor Board and South African
