Question 1 [31] CASE STUDY Consider the case study here below and answer the questions that follow. You are encouraged to use ChatGPT in answering your questions however are not obliged to do so. COUNTING THE MONEY You are a practising legal practitioner at a small law firm, together with your partners, MrA and Mrs B. You and your partners (Mr A and Mrs B) agreed to share business profits and expenses in the ratio of 5:2:3. For the month of April, the business generates R256 000 in revenue following sales. Business expenses for April include R1 500 for the telephone, R650 for internet, rent of R9 000, salaries of R10000 for each of the 15 employees and business insurance of R30 000. You have a client seeking legal advice and you agree with your client that you will charge him R785 (VAT inclusive @ 15\%) per hour. At month-end, your file notes and billing sheet show that you have spent 10 hours on the client's assignment. The client seeks a pro forma account, excluding VAT. Furthermore, your firm wants to invest money inherited from a former partner's deceased estate (R100 000) for 5 years with Capital Finance (Pty) Ltd, which offers 3% interest per year. 1.1. What amount of April revenue will be received by each partner? 1.2 What total amount will you provide in your client's pro forma account (excluding VAT)? (6) 1.3 How much money will the law firm have after five (5) years of investment with Capital Finance (Pty) Ltd? (13) Question 2 [19] CASE STUDY Read the case study below and answer the question(s) that follow. You may use ChatGPT to assist you, subject to the guidelines provided below. WHEN PROMISES ARE BROKEN Ms X, your client, was in the final year of her part-time LLB studies, living in Johannesburg and working as a paralegal earning R50 000 per month. She then met the love of her life, Mr Y. Mr Y is a successful Capetonian businessman who is 10 years her senior. They fall madly in love and soon get engaged. Mr Y asks MsX to drop out of her studies and resign as a paralegal, promising her a life of such luxury and comfort that she will never need to work. Ms X drops out of her LLB studies, sells her flat, her car and all her furniture, and resigns with immediate effect from her paralegal job. She moves to Cape Town, leaving behind all her friends and family to be closer to MrY. Mr Y puts MsX up in a luxurious, furnished penthouse in Camps Bay, buys her a completely new wardrobe and provides her with monthly pocket money of R100 000. One night, three months after Ms X gave up her life in Johannesburg and moved to Cape Town, Mr Y arrives with another woman