MNB1501
ASSIGNMENT 1 2024
UNIQUE NO.:785594
DUE DATE: 2024
, 785594 - Written Assessment 1
ASSESSMENT 01
1a. Yes, Craft Ltd has a liability towards Sontech Ltd. This is so that Craft Ltd. may underwrite
the 250,000-share issuance, which means that it will acquire any shares that the public does not
purchase. In this instance, since 235,000 shares were sold to the public, Craft Ltd. is obligated to
purchase the remaining 15,000 shares.
The liability of Craft Ltd can be calculated as follows:
Number of shares not subscribed by public = 250,000 - 235,000 = 15,000
Share price = R3 per share
Liability of Craft Ltd = 15,000 * R3 = R45,000
b. The commission payable to Craft Ltd is calculated as follows:
Commission rate = 8%
Face value of shares = 250,000 * R3 = R750,000
Commission payable = R750,000 * 8/100 = R60,000
In total, Craft Ltd's liability towards Sontech Ltd is R45,000 and the commission payable to Craft
Ltd is R60,000
2. Public accountability is the obligation of an entity to report its financial information to the
public. This applies to both organisations that must voluntarily file financial statements with
regulatory bodies, including stock exchanges, as well as those that are not forced to do so.
3. Computational thinking refers to the ability to solve problems by breaking them down into
smaller parts that a computer can solve. It necessitates knowledge of decomposition,
abstraction, pattern recognition, and algorithm creation.
Cyber security is the practice of preventing unwanted access, use, disclosure, interruption,
modification, or destruction of computer systems and networks. Firewalls, intrusion detection
systems, and data encryption are examples of security methods.
ASSIGNMENT 1 2024
UNIQUE NO.:785594
DUE DATE: 2024
, 785594 - Written Assessment 1
ASSESSMENT 01
1a. Yes, Craft Ltd has a liability towards Sontech Ltd. This is so that Craft Ltd. may underwrite
the 250,000-share issuance, which means that it will acquire any shares that the public does not
purchase. In this instance, since 235,000 shares were sold to the public, Craft Ltd. is obligated to
purchase the remaining 15,000 shares.
The liability of Craft Ltd can be calculated as follows:
Number of shares not subscribed by public = 250,000 - 235,000 = 15,000
Share price = R3 per share
Liability of Craft Ltd = 15,000 * R3 = R45,000
b. The commission payable to Craft Ltd is calculated as follows:
Commission rate = 8%
Face value of shares = 250,000 * R3 = R750,000
Commission payable = R750,000 * 8/100 = R60,000
In total, Craft Ltd's liability towards Sontech Ltd is R45,000 and the commission payable to Craft
Ltd is R60,000
2. Public accountability is the obligation of an entity to report its financial information to the
public. This applies to both organisations that must voluntarily file financial statements with
regulatory bodies, including stock exchanges, as well as those that are not forced to do so.
3. Computational thinking refers to the ability to solve problems by breaking them down into
smaller parts that a computer can solve. It necessitates knowledge of decomposition,
abstraction, pattern recognition, and algorithm creation.
Cyber security is the practice of preventing unwanted access, use, disclosure, interruption,
modification, or destruction of computer systems and networks. Firewalls, intrusion detection
systems, and data encryption are examples of security methods.
