Assignment (AFACO2-6/S2 10/2020) Total: 70 marks Note to student: You will be penalised for the copying of theory without explanation/application to the scenario provided. You should use the theory in support of your own answer. Non-application will result in a zero mark being awarded. SECTION A (70 MARKS) - PARAGRAPH QUESTIONS Answer the following questions: Question 1 (10 marks) The following information is given for Fine Furniture (Pty) Ltd, a VAT-registered vendor. VAT is at 15%. No. Mark-up or margin VAT @ 15% Cost price (VAT- inclusive) A 18 400 Selling price (VAT- exclusive) B Selling price (VAT- inclusive) 1 1 230 2 32 000 E F 50% on cost price D?% on selling price G?% on cost price 3 2 300 4 000 H 4 600 4 I J 1 800 13 800 25% on selling price Required: 1.1 Calculate the missing amounts represented by A to J in the table above. (10) Note: workings are not required. Round off all answers to the nearest rand