PASSMATE TUTORIALS
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144
PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!
1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
, 10/2/24, 10:10 AM Assessment 3 (page 1 of 8)
FAC1601-24-S2 Welcome Message Assessment 3
QUIZ
Time left 1:39:16
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, 10/2/24, 10:10 AM Assessment 3 (page 1 of 8)
Question 1
Answer saved
Marked out of 2.00
GreenFields Fertilizer Ltd is a company incorporated in 2023, specialising in the
production and sale of high-performance fertilizers for maize and other crops. The
company has grown steadily over the years due to its innovative approach in
developing sustainable fertilizers tailored to improve crop yield and soil health.
Operating out of a state-of-the-art production facility in Broederstroom, North West
Province, GreenFields Fertilizer Ltd serves farmers and agricultural enterprises
across South Africa. The company prides itself on strong research and development
capabilities, ensuring its products are aligned with the latest advancements in
agricultural science.
The company's authorised share capital includes 1,300,000 NPV ordinary shares
and 650,000 10% preference shares of R5.9 each. GreenFields Fertilizer Ltd has
consistently demonstrated financial prudence, leading to robust shareholder
returns.
The company financial year end is 28 February.
Below are the share transactions recorded for GreenFields Fertilizer Ltd since its
incorporation:
On 1 March 2023, 99,000 ordinary shares were issued to subscribers at R6.5 per
share.
On 5 April 2023, 184,000 ordinary shares and 190,000 10% preference shares
were issued to the public at R7.9 each and R6.3 each, respectively.
On 15 January 2024, the share capital for ordinary shares increased by
R1,947,500. These shares were issued at R9.5 each.
On 1 June 2024, 74,000 10% preference shares were issued at R11.8 each.
On 31 May 2024, the directors approved a capitalisation issue of 2 shares for every
5 ordinary shares held at R6.9 per share.
On 31 August 2024, the board of GreenFields Fertilizer Ltd declared an interim
ordinary dividend of R1.5 per share payable during November 2024. The company
met the liquidity and solvency requirements, and on 1 December 2024, payment was
made to the shareholders in respect of the dividends.
Assume that the total number of shares issued before the capitalisation and the
capitalisation shares issued is 550 000 and 330 000 respectively. Calculate the
correct amount of ordinary share dividend by GreenFields Fertilizer Ltd on
31 August 2024?
Instructions:
1. Round off all your answers to the nearest rand (eg: 50.56 = 51)
2. Don’t use any special characters (&) and don’t use bold in your answer. It will be
marked incorrect.
0680538213 0612621185 0717513144
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, 10/2/24, 10:10 AM Assessment 3 (page 1 of 8)
3. Do not use any abbreviations.
4. Please remember the brackets around the amounts must be indicated by a
negative amount [eg: (50) will be -50].
Answer: 1320000
0680538213 0612621185 0717513144
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DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144
PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!
1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
, 10/2/24, 10:10 AM Assessment 3 (page 1 of 8)
FAC1601-24-S2 Welcome Message Assessment 3
QUIZ
Time left 1:39:16
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, 10/2/24, 10:10 AM Assessment 3 (page 1 of 8)
Question 1
Answer saved
Marked out of 2.00
GreenFields Fertilizer Ltd is a company incorporated in 2023, specialising in the
production and sale of high-performance fertilizers for maize and other crops. The
company has grown steadily over the years due to its innovative approach in
developing sustainable fertilizers tailored to improve crop yield and soil health.
Operating out of a state-of-the-art production facility in Broederstroom, North West
Province, GreenFields Fertilizer Ltd serves farmers and agricultural enterprises
across South Africa. The company prides itself on strong research and development
capabilities, ensuring its products are aligned with the latest advancements in
agricultural science.
The company's authorised share capital includes 1,300,000 NPV ordinary shares
and 650,000 10% preference shares of R5.9 each. GreenFields Fertilizer Ltd has
consistently demonstrated financial prudence, leading to robust shareholder
returns.
The company financial year end is 28 February.
Below are the share transactions recorded for GreenFields Fertilizer Ltd since its
incorporation:
On 1 March 2023, 99,000 ordinary shares were issued to subscribers at R6.5 per
share.
On 5 April 2023, 184,000 ordinary shares and 190,000 10% preference shares
were issued to the public at R7.9 each and R6.3 each, respectively.
On 15 January 2024, the share capital for ordinary shares increased by
R1,947,500. These shares were issued at R9.5 each.
On 1 June 2024, 74,000 10% preference shares were issued at R11.8 each.
On 31 May 2024, the directors approved a capitalisation issue of 2 shares for every
5 ordinary shares held at R6.9 per share.
On 31 August 2024, the board of GreenFields Fertilizer Ltd declared an interim
ordinary dividend of R1.5 per share payable during November 2024. The company
met the liquidity and solvency requirements, and on 1 December 2024, payment was
made to the shareholders in respect of the dividends.
Assume that the total number of shares issued before the capitalisation and the
capitalisation shares issued is 550 000 and 330 000 respectively. Calculate the
correct amount of ordinary share dividend by GreenFields Fertilizer Ltd on
31 August 2024?
Instructions:
1. Round off all your answers to the nearest rand (eg: 50.56 = 51)
2. Don’t use any special characters (&) and don’t use bold in your answer. It will be
marked incorrect.
0680538213 0612621185 0717513144
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22877412&cmid=1008888 2/3
, 10/2/24, 10:10 AM Assessment 3 (page 1 of 8)
3. Do not use any abbreviations.
4. Please remember the brackets around the amounts must be indicated by a
negative amount [eg: (50) will be -50].
Answer: 1320000
0680538213 0612621185 0717513144
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=22877412&cmid=1008888 3/3
