JANTJES LIMITED The information relates to the financial year ended 28 February 2022 - NSC Accounting - Question 2 - 2022 - Paper 1

To calculate the fixed assets purchased, consider:

1. Begin with the formula: $7,988,000 - 600,000 - 299,000 - 36,124 = 8,746,500$
2. Therefore, the fixed assets purchased value is 1,160,624.

The dividends paid for the year are computed as follows:

1. Based on the records: $180,000 - (552,500 - 264,500) = 468,000$

To find the decrease in loan, calculate:

1. The net difference from payments: $456,000 - 216,000 = 240,000$

1. The net change is calculated by considering:
   • Opening balance: 129,000 + 5,000 = 134,000
   • Closing balance: 125,000 + 5,000 = 120,000
2. Thus, the net change concludes at (254,000).

1. The mark-up achieved is computed using: $\frac{5,400,000 - 2,700,000}{2,700,000} * 100 = 75\%$

1. The acid-test ratio will be determined by the formula: $\frac{1,323,000 - 514,500}{735,000} = 1; 1.0$

1. To find the NAV, utilize: $\frac{8,840,700}{100} = 768.8 \text{ cents }$

1. For ROSHE, use the formula: $\frac{670,000}{(700,000 + 620,000)/2} * 100 = 0.52 \text{ } \%$