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    Activity 9 (Q2 NSC Nov 2021) ENG

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    This document provides solutions to accounting study questions from the 2022 Gr 12 study pack. It includes solutions to two activities: 1) Activity 9 calculates financial indicators such as operating expenses as a percentage of sales (20%) and dividend per share (40 cents) from information provided about ordinary share capital. 2) Activity 2 provides the solution to a cash flow statement question. It shows the calculation of cash from operating, investing and financing activities, resulting in a net increase in cash and cash equivalents of R269 000.

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    Activity 9 (Q2 NSC Nov 2021) ENG

    Uploaded by

    8yscmvdjx9
    50 views2 pages
    This document provides solutions to accounting study questions from the 2022 Gr 12 study pack. It includes solutions to two activities: 1) Activity 9 calculates financial indicators such as operating expenses as a percentage of sales (20%) and dividend per share (40 cents) from information provided about ordinary share capital. 2) Activity 2 provides the solution to a cash flow statement question. It shows the calculation of cash from operating, investing and financing activities, resulting in a net increase in cash and cash equivalents of R269 000.

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    This document provides solutions to accounting study questions from the 2022 Gr 12 study pack. It includes solutions to two activities: 1) Activity 9 calculates financial indicators such as operating expenses as a percentage of sales (20%) and dividend per share (40 cents) from information provided about ordinary share capital. 2) Activity 2 provides the solution to a cash flow statement question. It shows the calculation of cash from operating, investing and financing activities, resulting in a net increase in cash and cash equivalents of R269 000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views2 pages

    Activity 9 (Q2 NSC Nov 2021) ENG

    Uploaded by

    8yscmvdjx9
    This document provides solutions to accounting study questions from the 2022 Gr 12 study pack. It includes solutions to two activities: 1) Activity 9 calculates financial indicators such as operating expenses as a percentage of sales (20%) and dividend per share (40 cents) from information provided about ordinary share capital. 2) Activity 2 provides the solution to a cash flow statement question. It shows the calculation of cash from operating, investing and financing activities, resulting in a net increase in cash and cash equivalents of R269 000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    2022 Accounting Gr 12 Study Pack Solution

    Activity 9 (NSC Nov 2021, Q2)

    9.1 Ordinary Share Capital Note on 28 February 2021

    800 000 Ordinary shares at the beginning 6 400 000 

    100 000 New shares issued balancing figure 1 250 000 

    (30 000)  Repurchased 30 000 shares at R8,50  (255 000) 

    870 000  Shares at the end of the year 7 395 000

    9.1 Calculate the following financial indicators on 28 February 2021:


    % operating expenses on sales
    WORKINGS ANSWER

    1 458 600 / 7 293 000 x 100 20% 


    one part correct 2

    Dividend per share


    WORKINGS ANSWER

    162 000/ 900 000 40 cents


    18 cents 
    + 22 cents  one part correct
    4

    % return on average shareholders' equity


    WORKINGS ANSWER
    985 500  x 100
    ½
    (6 450 000 + 8 038 100) 13,6% 
    14 488 100 two marks one part correct
    7 244 050 three marks 5
    2022 Accounting Gr 12 Study Pack Solution

    2.1 CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2021
    Figures are NOT required in shaded areas

    CASH FLOW FROM OPERATING ACTIVITIES 1 180 000


    Cash generated from operations
    Interest paid

    + 364 500 
    Taxation paid (35 900 + 29 100) (429 500) *

    Dividends paid (115 300 + 162 000) (277 300) *

    6
    CASH FLOW FROM INVESTING ACTIVITIES (1 320 000)

    CASH FLOW FROM FINANCING ACTIVITIES 409 000*

    Shares issued see 2.1 1 250 000*

    Shares repurchased 30 000 x 1,20 one mark two marks


    (291 000) *
    255 000 
    + 36 000  OR 30 000 x R9,70

    Loan repaid 8 (550 000) 


    NET CHANGE IN CASH AND CASH EQUIVALENTS 269 000 
    From top (OA + IA + FA)

    CASH AND CASH EQUIVALENTS AT BEGINNING


    (20 000 – 95 200) (75 200) 

    CASH AND CASH EQUIVALENTS AT END 4 193 800 

    18

    TOTAL MARKS 35

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