Calculations
Depreciation is written off on equipment at 20% p.a. on diminishing balance method. Calculate the value of the new equipment bought on the 1 December 2024.
(2 800 - 2 300)
500 x 100/20 x 12/1 = 30 000
Calculate the mark-up percentage used by the business.
(800 000 - 500 000)
300 000 / 500 000 x 100/1 = 60%
Calculate the percentage increase in rent income in December 2024.
(18 400 - 16 000)
2 400 / 16 000 x 100/1 = 15%
The business had a loan of R200 000. On 1 December 2024 the interest rate on the loan decreased. Calculate the % decrease.
2 100 - 1 600 = 500
500 x 12 = 6 000
6 000/200 000 = 0,03%
Calculate the Debtors Collection Schedule for December 2024.
Credit sales: 1 700 000 x 40% = 680 000
December: 680 000 x 15% x 95% = 96 900