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1 ) Sales for the year ended 3 0 June 2 0 2 4 are budgeted at R 5 6 0 0 0 0 0

1)
Sales for the year ended 30 June 2024 are budgeted at R5600000. Ninety percent (90%) of the sales is expected to be on credit. The gross margin for the year ended 30 June 2024 is expected to increase as goods would be sold at cost plus 40%. The percentage of expenses to sales is expected to remain unchanged.
2)
The authorized share capital of Marburg Limited consists of 550000 ordinary shares. The unissued shares are expected to be sold on 02 January 2024 at R3 each.
3)
A final dividend of 16 cents per share is expected to be recommended on 30 June 2024 and is payable during August 2024.
4)
R400000 of the long-term loan will be repaid during the financial year ended 30 June 2024.
5)
Accounts receivable would be based on a collection period of 73 days.
6)
The companys closing inventory will change directly with changes in sales for the financial year
ended 30 June 2024.

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