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please help me its due @12 2day (20 Marks) QUESTION 2 REQUIRED: Use the information provided below to answer the following questions: (3 marks) 2.1

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please help me its due @12 2day

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(20 Marks) QUESTION 2 REQUIRED: Use the information provided below to answer the following questions: (3 marks) 2.1 Calculate the total net profit for the estimated figures 2.2 Calculate the break-even quantity (3 marks) (2 marks) 2.3 Calculate the break-even value 2.4 Calculate the break-even value using the marginal income ratio (3 marks) 2.5 Calculate the target sales volume to achieve a profit of R15 000 000 (3 marks) 2.6 Calculate the new break-even quantity and value if the selling price is increased by 10% (4 marks) 2.7 Calculate the margin of safety in units at the original budgeted volume and price (2 marks) INFORMATION Kitty Limited plans to manufacture bar fridges. According to the 2020 budget conducted by management, budgeted sales are expected to be R10 000 000 with 5 000 units being produced. The company's direct material and direct labour costs are expected to be 5000 cents and 3500 cents per unit respectively. Whereas the fixed factory overheads and fixed administrative expenses are budgeted at R450 000 and R200 000 respectively. Furthermore, management has decided that R150 should be paid to sales consultants as an incentive for each unit sold. (20 Marks) QUESTIONS ima Limited es components for collones Information The following details to available Sales Purchases Sales Comission Actual 2020 July 96000 10000D August 120000 50000 320 1000 Estimated 2020 September October November 50000 160000 200000 160000 84000 60000 1800 900 580 10007 2 Wages 1000 4096 of all sales are for cash 30% of all purchases are cash 1. Collections for credit sales are as follows 20% is collected in the month of the sale and 2% discount is granted on these collections 60% is collected in the first month following of sale 15% is collected in the second month following the month of sale The remaining 5% is written off as bad debts 2. Creditors are paid 2 months after the date at invoice Simba Limited will make an investment at R80 000 in fixed deposit on 1 October 2020. Interest of 15% per month is expected to be received from 31 October 2020 4 Rent expense amounts R6 B00 per month and is payable on the first day of each month 5. Wages will be increased by 9% in October 2020 and will increase by a further 10% in November 2020 6. A new machine is expected to be purchase lor R22 100 cash in November 2020 7. Commission is paid to sales personnel in the month following the month in which it was eamed 8. On 30 September 2020 Simba Limited had a bank overdraft of R7 000 Required 3.1 Debtors collection schedule (6 marks) 3.2 Cash Budget for October and November 2020 (14 marks)

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