Sibasa Traders sells different product streams. Not all product streams were profitable during the 2021 financial year. At 31 August 2021, the financial year-end of Sibasa Traders, the following information was obtained from the entity’s accounting records: R Net sales: Laptops 788 313 Net sales: Tablets 600 929 Net sales: Games 325 232 Cost of sales: Laptops 529 296 Cost of sales: Tablets 692 589 Cost of sales: Games 259 017 Interest received 14 358 Settlement discount received: Laptops 15 766 Settlement discount received: Tablets 19 426 Settlement discount received: Games 15 630 Insurance 14 077 Rent paid 16 892 Calculate the gross profit/loss on the Games product line for the year ended 31 August 2021. NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72) 3. If the total amount calculated is a loss, please enter the amount as a negative (eg: -12141.72), if the amount calculated is a profit, please enter the amount as a positive (eg: 12141.72)
Sibasa Traders sells different product streams. Not all product streams were profitable during the 2021 financial year. At 31 August 2021, the financial year-end of Sibasa Traders, the following information was obtained from the entity’s accounting records:
|
R |
|
|
Net sales: Laptops |
788 313 |
|
Net sales: Tablets |
600 929 |
|
Net sales: Games |
325 232 |
|
Cost of sales: Laptops |
529 296 |
|
Cost of sales: Tablets |
692 589 |
|
Cost of sales: Games |
259 017 |
|
Interest received |
14 358 |
|
Settlement discount received: Laptops |
15 766 |
|
Settlement discount received: Tablets |
19 426 |
|
Settlement discount received: Games |
15 630 |
|
Insurance |
14 077 |
|
Rent paid |
16 892 |
Calculate the gross
NB: Instructions
1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Only show the amount, do not show the R (eg: 12141.72)
3. If the total amount calculated is a loss, please enter the amount as a negative (eg: -12141.72), if the amount calculated is a profit, please enter the amount as a positive (eg: 12141.72)
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