Question: ASSIGNMENT 2, SEMESTER 1 (continued) Use the information provided below to answer questions 11 and 12: The following account balances/totals are from the accounting records

ASSIGNMENT 2, SEMESTER 1 (continued) Use the information provided below to

ASSIGNMENT 2, SEMESTER 1 (continued) Use the information provided below to answer questions 11 and 12: The following account balances/totals are from the accounting records of Super Dealers Inventory (1 November 2017) Inventory (31 October 2018) Sales Purchases Carriage on purchases Rental income Admin cost Depreciation Carriage on sales Repairs and maintenance 130 000 80 000 150 000 50 000 5 000 13 000 4 000 8 000 15 000 3 500 11. What will the gross profit amount of Super Dealers be for the financial year ended 31 October 2018? (1) R100 000 (2) R95 000 (3) R80 000 (4) R76 000 (5) R45 000 12. What will the net profit amount of Super Dealers be for the financial year ended 31 October 2018? (1) R27 500 (2) R85 500 (3) R81 000 (4) R78 000 (5) R64 500

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