Question: Read the Case Study below and answer ALL of the questions that follow. TechSavvy (Pty) Ltd. is a prominent electronics retailer based in Johannesburg. The
Read the Case Study below and answer ALL of the questions that follow. TechSavvy (Pty) Ltd. is a prominent electronics retailer based in Johannesburg. The company specializes in selling a range of electronics, including smartphones, laptops, gaming consoles, and home appliances. With a robust online platform and several brick-and-mortar stores across South Africa, TechSavvy imports branded electronics from international manufacturers in Asia and Europe. Additionally, they have recently started offering exclusive tech gadgets from emerging South African tech startups, such as innovative solar-powered chargers and smart home devices. Financial Information: During the financial year, TechSavvy (Pty) Ltd. reported purchases amounting to R70 million. The year-end trade payables balance stood at R11 million, a 25% increase from the previous year. A significant deal was entered into with a new local supplier, "Mzansi Innovations," for an exclusive range of ecofriendly smart home devices. This deal alone accounted for purchases of R7 million. TechSavvy (Pty) Ltd. capitalized on early settlement discounts with several suppliers, especially those from Asia, and entered into a few extended payment agreements for high-value purchases, like premium gaming consoles and highend laptops. The company utilizes a state-of-the-art ERP system (Enterprise Resource Planning) for its
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
