Grade $12$ Case Study: $2024$ AuqustQuestion PoperGrade $12$ Case Study: $2024$ AuqustOuestion PoperTOTAL MARKS:$7075\%$ of all purchases are cash, the rest is on credit.$$ Stock is replaced on monthly basis$\mathrm{.}30$ The mark$-$up is always $60\%$ on cost$\mathrm{.}30\%$ of all sales are cash, the rest is on credit.AdvertisingAudit fees$60000$R$960000$R$840000$MayAprilBUDGETEDR$150000$JUNE $2024$R$315000$ACTUALMarchR$600000$R$360000$MonthTotal salesAt the end of JuneTotal sales for March $2024$ to June $2024$ were as follows:ASales, purchases of stock and cost of sales:Frepaid in $60$equal monthly instalmentsINFORMATION:$92250$Rent expenseLand and buildings$92250$Explain ONE advantage and ONE disadvantage of this option.The directors are considering purchasing the business prermises instead of rentin.$(4)860000$AdvertisingInterest on loanRepayment of loanCash ditorsd wages$600003$O$00$busineSs$(4)?$stock$393750()$Inrormaton$$ Explain what you would mention to shareholders about expenses providedincase provide ONE corrective action that must be implemnented by aRespond to the following questions by referring to Information D and F$\mathrm{.}9375027000030240024$Audit feesDirectors' feesPAYMENTS$1500006000005100002\mathrm{.}3\mathrm{.}2$ Missing figures, $($i$)$ to $($iv$)$ in the extract of the Cash Budget.Percentage increase in salaries and wages with effect from June $2024.(10)$Loan: ABZA LendersCollection from debtors$($iv$)2\mathrm{.}3\mathrm{.}13)$Cash salesR$252000$R$(0)2\mathrm{.}3$ Calculate the following:RECEIPTSMay $2024$June $20242\mathrm{.}2$Complete the Debtors Collection Schedule for June $2024.(7)$Provide ONE point.Explain why it is important to compare the actual figures and budgeted figures.$(2)2\mathrm{.}1$EXTRACT FROM CASH BUDGET FOR MAY AND JUNE $2024$ZUURBE LTDREQUIRED:Creditors are paid in the month after purchases.C$.$CreditorsDUSfor the budget period ending on $30$ June $2024.$s premises are next to Skyreceiots, You havebeen requested$2\%$ are written off$\mathrm{.}18\%$ pay in the second month $(60$ days$)\mathrm{.}50\%$ pay in the month following the sales transaction month $(30$ days$)$ya nefor $3\%$ discount for early payment.$30\%$ are expe cted to pay their account inZUURBE LTDDebtors are expected to pay as follows:QUESTION $2$: CASH BUDGET$(30$BDebtors' collection:$2024,$ the following actual andbudgeted figures werepresented:commencing on the $30$ June $2024.$Zuurbe LTD has successfully negotiated a loan with ABZA lenders at $12\%$interest. Interest is not capitalised. The loan will be received on $1$ June $2024$ and is$000$ O$00$payment:to assist thebookkeeper with theprojected calculationsinexperienced bookkeeper has not completed the records for nroiocted pcredit and for cash. It has hoon brobtbusiness sells goods onthe month of sale $($current$)$ to qualifymarks; $35$minutes$)$