Question: Using the table below and Input Supply cooperative net income or profit of K11,700, you are required to calculate (a) Patronage refunds for each member
Using the table below and Input Supply cooperative net income or profit of K11,700, you are required to calculate (a) Patronage refunds for each member (5 Marks) (b) Total number of cooperative shares subscribed for (2 Marks) (c) Total number of units of fertilizer transacted (2 Marks) (d) Total volume of Transactions in kwacha (2 Marks) Table 1: LUMUCO Input Supply Fertilizer member transactions Member No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 No. of shares held 8 7 3 4 5 7 6 8 8 7 7 7 6 6 Units of fertilizer purchased 6 10 21 15 9 11 17 0 2 5 16 20 2 0 Additional information: Unit price K550
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