Grade 11 Accounting - Term 2 Project w ed by Holly Sind Wedding This busin You are provided the Firewors of Holly sporta poods and in sporta c ent for which they change af (DUE DATE 8 APRIL 2020. -10%. PER DAY LATE, INCLUDING WEEKENDS) 1. Uste ncial given to call the ancial indi q uired for the year ended 2 bary as per the ble in your a erbock Show all cations in the provided for you Hound all answers to incorrectly rounded answers will not be marked 2. Cartone Franciscan you how to coording to the headingsprowided in the be in your bric. This need to betyped and printed onto paper. NOT typed the 2papie und w Hollywood Sports Shop Cash Cash F Tode & Other Pays Bank Darat Total Equity & Liber on 21 February 2120 DO 21 2000 12520 Hand Provision for ad De Pod Experts BA Cash Floor Race At The Beginning of The Year Cabution of Capital During the With Of Casaburing The Year AT End Of The You B Pris 8 Drawings During The Heard Incor For The Year ed Incore At Beginning of Year R Trade And Other Payables Trade Creditors Current Portion Of Loan Deferred Income Creditors For Salaries SARS (PAYE) UIF 64 250 12 960 10 000 2824 6313 476 96 823 pos.com Name: DUE DATE: 8 APRIL 2020 (N.B. -10% PER DAY LATE, INCLUDING WEEKENDS) Grade 11 Accounting - Term 2 Project (Show all calculations in the spaces provided) 2020 2019 (a) % Gross profit on sales 29% (b) % Gross profit on cost of sales 40% (c) % Operating profit on sales 14% (d) % Operating expenses on sales 23% (e) % Net profit on sales 11% (f) Net assets R677 500 (9) Solvency ratio 2.8:1 (h) Net current assets R145 000 (0) Current ratio 1.5 : 1 Role of the the Return on for the business Tou a red by each partner Calculation of final mark: 30 Role of the the Return on for the business Tou a red by each partner Calculation of final mark: 30 Teachers Signature: Your comments should be set up under the following headings, and marked according to the rubric below: 1. PROFITABILITY & OPERATING EFFICIENCY: Ability to interpret the indicators and communicate valid conclusions in a convincing and interesting manner. Not attempted None or few interpretations are valid - poorly communicated Some interpretations are valid and communicated in a satisfactory manner. Most interpretations are valid and well communicated All interpretations are valid and convincingly communicated. 2. SOLVENCY & LIQUIDITY: Ability to interpret the indicators and communicate valid conclusions in a convincing and interesting manner. Not attempted Most interpretations are valid and well communicated. All interpretations are valid and convincingly communicated. None or few interpretations are valid - poorly communicated, None or few interpretations are valid-poorly communicated. Some interpretations are valid and communicated in a satisfactory manner. Some interpretations are valid and communicated in a satisfactory manner. Not attempted Most interpretations are valid and well communicated, All interpretations are valid and convincingly communicated 3. GEARING & RISK: Ability to interpret the indicators and communicate valid conclusions in a convincing and interesting manner. 4. RETURNS OF THE BUSINESS & THE OWNERS: Ability to interpret the indicators and communicate valid conclusions in a convincing and interesting manner. Not attempted None or few interpretations are valid - poorly communicated. Some interpretations are valid and communicated in a satisfactory manner. Most interpretations are valid and well communicated. All interpretations are valid and convincingly communicated 5. OVERALL ADVICE FOR IMPROVEMENT & SUSTAINABILITY Not attempted Suggestions have little or no validity. Suggestions are satisfactory but might not focus on the major aspects Suggestions are valid, but not entirely convincing. Suggestions are well thought out, valid with convincing explanation, including points on internal control & concern for stakeholders & wider community 6. NEATNESS, PRESENTATION AND EFFORT (MUST BE TYPED OR MAX 2 - 4 PAGES HAND WRITTEN) Not attempted A well-presented assignment that needs more effort in terms of content A poorly presented assignment that contains much of value in terms of content A good effort in both presentation and effort A well-presented assignment, showing effort beyond that which was expected. Total: / 30 Grade 11 Accounting - Term 2 Project w ed by Holly Sind Wedding This busin You are provided the Firewors of Holly sporta poods and in sporta c ent for which they change af (DUE DATE 8 APRIL 2020. -10%. PER DAY LATE, INCLUDING WEEKENDS) 1. Uste ncial given to call the ancial indi q uired for the year ended 2 bary as per the ble in your a erbock Show all cations in the provided for you Hound all answers to incorrectly rounded answers will not be marked 2. Cartone Franciscan you how to coording to the headingsprowided in the be in your bric. This need to betyped and printed onto paper. NOT typed the 2papie und w Hollywood Sports Shop Cash Cash F Tode & Other Pays Bank Darat Total Equity & Liber on 21 February 2120 DO 21 2000 12520 Hand Provision for ad De Pod Experts BA Cash Floor Race At The Beginning of The Year Cabution of Capital During the With Of Casaburing The Year AT End Of The You B Pris 8 Drawings During The Heard Incor For The Year ed Incore At Beginning of Year R Trade And Other Payables Trade Creditors Current Portion Of Loan Deferred Income Creditors For Salaries SARS (PAYE) UIF 64 250 12 960 10 000 2824 6313 476 96 823 pos.com Name: DUE DATE: 8 APRIL 2020 (N.B. -10% PER DAY LATE, INCLUDING WEEKENDS) Grade 11 Accounting - Term 2 Project (Show all calculations in the spaces provided) 2020 2019 (a) % Gross profit on sales 29% (b) % Gross profit on cost of sales 40% (c) % Operating profit on sales 14% (d) % Operating expenses on sales 23% (e) % Net profit on sales 11% (f) Net assets R677 500 (9) Solvency ratio 2.8:1 (h) Net current assets R145 000 (0) Current ratio 1.5 : 1 Role of the the Return on for the business Tou a red by each partner Calculation of final mark: 30 Role of the the Return on for the business Tou a red by each partner Calculation of final mark: 30 Teachers Signature: Your comments should be set up under the following headings, and marked according to the rubric below: 1. PROFITABILITY & OPERATING EFFICIENCY: Ability to interpret the indicators and communicate valid conclusions in a convincing and interesting manner. Not attempted None or few interpretations are valid - poorly communicated Some interpretations are valid and communicated in a satisfactory manner. Most interpretations are valid and well communicated All interpretations are valid and convincingly communicated. 2. SOLVENCY & LIQUIDITY: Ability to interpret the indicators and communicate valid conclusions in a convincing and interesting manner. Not attempted Most interpretations are valid and well communicated. All interpretations are valid and convincingly communicated. None or few interpretations are valid - poorly communicated, None or few interpretations are valid-poorly communicated. Some interpretations are valid and communicated in a satisfactory manner. Some interpretations are valid and communicated in a satisfactory manner. Not attempted Most interpretations are valid and well communicated, All interpretations are valid and convincingly communicated 3. GEARING & RISK: Ability to interpret the indicators and communicate valid conclusions in a convincing and interesting manner. 4. RETURNS OF THE BUSINESS & THE OWNERS: Ability to interpret the indicators and communicate valid conclusions in a convincing and interesting manner. Not attempted None or few interpretations are valid - poorly communicated. Some interpretations are valid and communicated in a satisfactory manner. Most interpretations are valid and well communicated. All interpretations are valid and convincingly communicated 5. OVERALL ADVICE FOR IMPROVEMENT & SUSTAINABILITY Not attempted Suggestions have little or no validity. Suggestions are satisfactory but might not focus on the major aspects Suggestions are valid, but not entirely convincing. Suggestions are well thought out, valid with convincing explanation, including points on internal control & concern for stakeholders & wider community 6. NEATNESS, PRESENTATION AND EFFORT (MUST BE TYPED OR MAX 2 - 4 PAGES HAND WRITTEN) Not attempted A well-presented assignment that needs more effort in terms of content A poorly presented assignment that contains much of value in terms of content A good effort in both presentation and effort A well-presented assignment, showing effort beyond that which was expected. Total: / 30