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FAC1501-Assessment 3 Semester 1 2024 Exam Questions and Answers

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Assessment 3 Open course index Started on Monday, 15 April 2024, 8:19 AM State Finished Completed on Monday, 15 April 2024, 9:49 AM Time taken 1 hour 30 mins Marks 23.33/55.00 Grade 42.41 out of 100.00 Feedback You have unfortunately failed this assessment. Please work through your study material again before attempting your next assessment You are also welcome to contact your lecturers if you need further assistance with grasping certain concepts. Question text Africa Traders, a registered VAT vendor, manufactures and sells tables and chairs. The VAT rate is 15%. AFRICA TRADERS 700 Narrow Drive PRETORIA Tel (012) 433–1615 VAT registration number P O Box 217 PRETORIA 0001 Fax (012) 433–1616 Date: 20 January 2021 TAX INVOICE No: 014 To: SA Traders Payment 169 Tshwane Drive method Cheque/debit card Cas Pretoria VAT registration number h Credit card Account Code Description Qty Total price TC20 Office table and 1 6 000,00 chair 6 000,00 900,00

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Uploaded on: August 29, 2024
Number of pages: 23
Written in: 2024/2025
Type: Exam (elaborations)
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fac1501 assessment 3 semester 1 2024 exam question

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FAC1501-Assessment 3 Semester 1 2024 Exam
Questions and Answers

Zuma001
fac
8/29/24

, lOMoAR cPSD| 45226802

FAC1501-Assessment 3 Semester 1 2024
Exam Questions and Answers

FAC1501-Assessment 3 Semester 1 2024 Exam Questions and Answers

, lOMoAR cPSD| 45226802

FAC1501-Assessment 3 Semester 1 2024 Exam Questions and Answers

Assessment 3
Open course index
Started on Monday, 15 April 2024, 8:19 AM
State Finished
Completed on Monday, 15 April 2024, 9:49 AM
Time taken 1 hour 30 mins
Marks 23.33/55.00
Grade 42.41 out of 100.00
Feedback You have unfortunately failed this assessment. Please work through your study material again before attempting your next assessment
You are also welcome to contact your lecturers if you need further assistance with grasping certain concepts.
Question 1
Correct
Mark 2.00 out of 2.00

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Question text
Africa Traders is not a registered VAT vendor and buys and sells furniture. Africa Traders sold a dining room table for R23 800. The mark-
up percentage on cost is 12,5%.
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)
21155.56
Answer:

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FAC1501-Assessment 3 Semester 1 2024 Exam Questions and Answers

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