Summary Economics 244 prepwork

QUESTION 1 VRAAG 1

Emily gives her broker an order to sell 3 000 Emily gee haar makelaar ‘n opdrag om 3 000
London Ltd. shares at 950c per share. At the London Bpk. aandele te verkoop teen 950c per
time of placing the order, the order book of aandeel. Op die tydstip wat die opdrag geplaas is
London Ltd. appeared as follows: het die bestelboek van London Bpk. as volg
vertoon:
All answers must be correctly rounded to 2
decimals. Alle antwoorde moet korrek gerond word toto 2
desimale.

BUY / KOOP SELL / VERKOOP
Volume Price / Prys Price / Prys Volume

500 970 995 500

1 000 965 988 1 000

3 000 950 980 3 000

4 000 947


Calculate the total transaction Bereken die totale transaksiebedrag
amount (transaction costs R28 750
(transaksiekostes uitgesluit) wat
1.1
excluded) that Emily will receive Emily sal ontvang vir die London
for the London transaction. transaksie.

Calculate the VAT amount that Bereken die BTW-bedrag wat Emily
1.2 Emily will have to pay on this R61.91 op hierdie transaksie sal moet
transaction. betaal.

Calculate the securities transfer Bereken die sekuriteite oordrag
1.3 tax (STT) that Emily will have to R0 belasting (STT) wat Emily op hierdie
pay on this transaction. transaksie sal moet betaal.

Calculate the total value of the Bereken die totale waarde van die
transaction that Emily will transaksie wat Emily sal ontvang
1.4 R28 275.34
receive (after taking all (nadat alle transaksiekostes in ag
transaction costs into account). geneem is).