1. The following information relates to the cash flow statement for Entity Q: Sales: R150 407 Purchase of intangible assets: R29 832 Proceeds from disposal of tangible assets: R9 309 Proceeds of share issue: R16 901 Proceeds from long-term borrowings: R15 550 Interest received: R874 How should Entity Q record its cash flows from investing and financing activities?

2. Company ABC is a furniture manufacturer producing tables and chairs. In the month of July, the business incurred the following costs: Raw materials: R137 000 Direct labor costs: R85 000 Associated consumables: R24 000 Lighting and heating: R13 500 Variable factory overheads: R6 700 General administration costs R6 500 Selling and distribution costs: R3 500 Depreciation of production equipment: R5 750 Additional information: The company has fixed overhead rate of 12 c Company ABC produced 350 000 tables and 400 000 chairs in the month of July. 65% of lighting and heating costs relate to production. 25% of general administration costs related to production. Required: If the cost of packaging and delivering ABCs inventory is R50 000 and the selling price of the inventory is R440 000, at what value should Company ABC record its inventory, for the period?