The debtors collection period of JK Limited for 2023 is expected to be 36.5 days and the creditors payment period is estimated to be 73 days. The accounts receivable balance on 31 December 2023 is expected to be R108 000 . How much are the budgeted credit sales? A. R1 080000 B. R7 884000 C. R3 942000 D. R540 000 The following items were extracted from the pro forma statement of financial position of Sumba Stores as at 31 December 2023: Equity R1 140 000; Accounts receivable R660 000, non-current assets R720 000; Inventories R450 000; and Accounts payable R540 000. The amount of external funding that is required is R240 000. How much is the cash balance expected to be? A. R390 000 overdraft B. R90 000 favourable C. R90 000 overdraft D. R150 000 overdraft A. Statement of Comprehensive Income B. Statement of Financial Position C. Statement of Changes in Equity D. Statement of Cash Flows Which of the following statements is not applicable to capital markets? A. This market makes provision for the wealth of savers to be put to long-term productive use B. Long-term debt is obtainable from this market. C. Commercial banks are major suppliers of funds in this market. D. The Johannesburg Securities Exchange is a large primary capital market in South Africa. The carrying value of vehicles on 01 January 2023 (the start of the financial year) was R1 200000 . A vehicle, with a cost price of R360 000 and updated accumulated depreciation of R288 000, is planned to be sold during June 2023 at a loss of R12 000. A new vehicle with a cost price of R600 000 will be purchased on 31 July 2023 to replace it. The total depreciation on vehicles for 2023 is estimated to be R300 000. How much will be reflected in the pro forma statement of financial position on 31 December 2023 for the carrying value of vehicles? A. R1 488000 B. R1 428000 C. R1 140000 D. R1 440000