1.

Small J (Pty) Ltd.s performance and position for 30 June 2019 shows:

- Gross profit of N$450 000 - Operation expenses of N$120 000,

- Total equity N$500 000

- Non-current liabilities N$210 000 Based on the information above, calculate Small J (Pty) Ltd return on capital employed for 2019.

Select the correct answer:

Select one:

a. 37%

b. None of all

c. 46%

d. 64%

2.

Outstanding Trade receivables for the year ended 31 December 2020 N$ 54 200 An allowance for credit losses should be provided for at 2% of receivables. The allowance for credit losses for the previous year was N$2 000. Which of the following is correct:

Select one: a.

A decrease of N$916

b. An increase of N$916

c. An increase of N$1 084

d. A decrease of N$1 084

3.

Small J (Pty) Ltd.s performance and position for 30 June 2019 shows:

- Gross profit of N$450 000

- Operation expenses of N$120 000,

4.

The following transactions were extracted from the account of Tatekulu Ngwala (a debtor) of Chineke Store, for October 2019. 31 October (closing balance is N$350), 8 October (credit sales is N$500), 20 October (payment by cheque is N$400), 20 October (discount allowed is N$50), 25 October (Sales return is N$200). The opening balance of Tatekulu Ngwalas account as at 1 October 2019 would be?

Select one:

a. None of all

b. N$900 Cr

c. N$900 Dr

d. N$400 Cr

- Total equity N$500 000

- Non-current liabilities N$210 000

Calculate Small (Pty) Ltd profit from operations. Select the correct answer:

Select one:

a. N$450 000

b. N$320 000

c. N$330 000

d. N$150 000