Gr 11 Math Lit: June Medium P(1)
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Questions and Answers

What is the total of all the income sources of an employee?

  • Taxable Income
  • Net Pay
  • Gross Salary (correct)
  • Basic Salary

What is the purpose of a quotation?

  • To provide a guideline of all the costs that a customer will have to pay (correct)
  • To display the payment details for a customer
  • To provide proof that a customer has paid for an item/service
  • To provide a summary of costs for a customer to pay

What is the first step in determining the gross salary?

  • Determine the total deductions
  • Subtract the total deductions from the gross salary
  • Calculate the net pay
  • Sum all the income values (correct)

What is the difference between the gross salary and the total deductions?

<p>Net Pay (D)</p> Signup and view all the answers

What is the purpose of creating a budget?

<p>To outline how the net income will be spent (C)</p> Signup and view all the answers

What is the formula to calculate the gross salary?

<p>Gross Salary = Basic Salary + Additional Incomes (B)</p> Signup and view all the answers

What is the document that provides a summary of all the costs that a customer must now pay because they have chosen to buy an item/service?

<p>Invoice (B)</p> Signup and view all the answers

What is the difference between gross income and net income?

<p>Gross income is the total income earned before deductions, while net income is the total income earned after deductions (D)</p> Signup and view all the answers

What is the purpose of a receipt?

<p>To provide proof that a customer has paid for an item/service (C)</p> Signup and view all the answers

What is an example of an unearned income?

<p>Interest (A)</p> Signup and view all the answers

What is the formula to calculate the total deductions?

<p>Total Deductions = Sum of All Deduction Values (D)</p> Signup and view all the answers

What is the purpose of income tax?

<p>To fund government projects and services (B)</p> Signup and view all the answers

What is the first step in understanding and managing sources of income?

<p>Identify all sources of income (D)</p> Signup and view all the answers

What is the portion of an employee's salary on which tax is calculated?

<p>Taxable Income (B)</p> Signup and view all the answers

What is the purpose of setting financial goals?

<p>To achieve financial stability (B)</p> Signup and view all the answers

What is an example of a government transfer?

<p>Social security benefit (B)</p> Signup and view all the answers

What is the purpose of filing taxes?

<p>To declare income to the tax authorities (A)</p> Signup and view all the answers

What is the purpose of budgeting?

<p>To allocate income to cover expenses, savings, and investments (A)</p> Signup and view all the answers

What is the purpose of regularly reviewing income and expenses in a budget?

<p>To ensure the budget is being followed and make adjustments as necessary (C)</p> Signup and view all the answers

What is the main difference between a budget and a statement of income-and-expenditure?

<p>A budget predicts future income and expenditure, while a statement of income-and-expenditure shows actual income and expenditure (C)</p> Signup and view all the answers

What is the formula to calculate the total expenditure of a business?

<p>Total Expenditure = ∑ All Expense Items (C)</p> Signup and view all the answers

What is the purpose of calculating the percentage change in expenditure over time?

<p>To understand how the expenditure has changed over time (A)</p> Signup and view all the answers

What is the main purpose of UIF?

<p>To provide financial support to employees who lose their jobs (B)</p> Signup and view all the answers

How is the employee's contribution to UIF calculated?

<p>Employee's contribution = 1% × gross salary (C)</p> Signup and view all the answers

What is the employer's contribution to UIF?

<p>1% of the employee's gross salary (A)</p> Signup and view all the answers

What is the net income of a business calculated as?

<p>Net Income = Total Income - Total Expenditure (C)</p> Signup and view all the answers

What is the purpose of comparing predicted and actual values in a budget?

<p>To understand how the business has performed (A)</p> Signup and view all the answers

What is the formula to calculate the difference between predicted and actual values?

<p>Difference = Predicted Value - Actual Value (C)</p> Signup and view all the answers

What is the employer's contribution to the UIF?

<p>1% × gross salary (A)</p> Signup and view all the answers

What is the maximum UIF deduction from an employee's salary?

<p>R124.78 (A)</p> Signup and view all the answers

What is the primary purpose of exchange rates?

<p>To determine the value of a currency in relation to another currency (D)</p> Signup and view all the answers

What is the accurate method of converting currencies?

<p>Accurate calculation by multiplying the foreign currency amount by the exchange rate (B)</p> Signup and view all the answers

What determines the strength of a currency in relation to another currency?

<p>The exchange rate (C)</p> Signup and view all the answers

What is an example of an incremental tariff system?

<p>Water tariffs (D)</p> Signup and view all the answers

What is the total contribution to the UIF from both the employee and employer?

<p>2% × gross salary (B)</p> Signup and view all the answers

What is the purpose of using exchange rates for businesses?

<p>To convert currencies accurately for import and export transactions (A)</p> Signup and view all the answers

What is the buying power of a currency dependent on?

<p>The comparative cost of living and earning power in that country (A)</p> Signup and view all the answers

Why do exchange rates fluctuate?

<p>Daily and sometimes multiple times a day due to market forces (C)</p> Signup and view all the answers

What is the maximum amount that can be deducted from an employee's salary for UIF?

<p>R124.78 (B)</p> Signup and view all the answers

What is the purpose of an exchange rate?

<p>To compare the value of two currencies (A)</p> Signup and view all the answers

What is the formula to calculate the total UIF contribution?

<p>2% x gross salary (A)</p> Signup and view all the answers

What is the method of estimating currency conversions?

<p>Rounding the exchange rate (B)</p> Signup and view all the answers

What is a strong currency?

<p>A currency that exchanges for more than one unit of another currency (C)</p> Signup and view all the answers

What is the purpose of a water tariff system?

<p>To charge different rates for different portions of water consumption (A)</p> Signup and view all the answers

What is the graphical representation of a tariff system?

<p>A step-function graph (D)</p> Signup and view all the answers

What is the purpose of comparing graphs of different tariff systems?

<p>To analyse costs under different conditions (C)</p> Signup and view all the answers

What is the formula to calculate the converted amount of a currency?

<p>Foreign currency amount x exchange rate (A)</p> Signup and view all the answers

What is the buying power of a currency?

<p>The amount of a foreign currency needed to purchase goods or services (A)</p> Signup and view all the answers

What is the main purpose of break-even analysis in electricity tariffs?

<p>To find the point at which the costs of two tariff systems are equal (B)</p> Signup and view all the answers

What does a flat line section in a graph of electricity tariffs represent?

<p>A period where the cost does not change (D)</p> Signup and view all the answers

What is the formula to calculate the percentage increase in electricity cost?

<p>(New Value - Old Value) / Old Value (A)</p> Signup and view all the answers

What is the first step in comparing two electricity tariff options?

<p>Gather data for each option (A)</p> Signup and view all the answers

What is the purpose of a cost-benefit analysis in comparing electricity tariff options?

<p>To compare the benefits in relation to the costs (A)</p> Signup and view all the answers

What is included in the calculation of the total cost of a non-prepaid electricity tariff system?

<p>Service charge, network charge, and units used (C)</p> Signup and view all the answers

What is the purpose of graph interpretation in break-even analysis?

<p>To visually compare the costs across different usage levels (B)</p> Signup and view all the answers

What is the final step in comparing two electricity tariff options?

<p>Make an informed decision (C)</p> Signup and view all the answers

What is the purpose of risk assessment in comparing electricity tariff options?

<p>To evaluate the potential risks associated with each option (C)</p> Signup and view all the answers

What is the main purpose of using mathematical tools and techniques in comparing electricity tariff options?

<p>To organize and visualize the data (D)</p> Signup and view all the answers

What is the main characteristic of a step-function graph in a tariff system?

<p>The graph has sections where the cost does not change, indicating a fixed rate for usage within a specific range. (A)</p> Signup and view all the answers

What is the purpose of break-even analysis in comparing tariff systems?

<p>To determine the point at which the costs of two tariff systems are equal. (B)</p> Signup and view all the answers

What is the formula to calculate the monthly cost in a non-prepaid electricity tariff system?

<p>Monthly Cost = Service Charge + Network Charge + (Rate per Unit x Units Used) (D)</p> Signup and view all the answers

What does an increasing gradient in a graph of a tariff system represent?

<p>A higher rate for higher usage levels. (B)</p> Signup and view all the answers

What is the purpose of comparing two options in a decision-making process?

<p>To compare the costs, benefits, and risks of each option. (A)</p> Signup and view all the answers

Which of the following is a key feature of a payslip?

<p>Basic Salary (C)</p> Signup and view all the answers

What is the formula to calculate the percentage increase?

<p>Percentage Increase = (New Value - Old Value) / Old Value (B)</p> Signup and view all the answers

What is the purpose of cost analysis in comparing options?

<p>To calculate the total cost associated with each option. (C)</p> Signup and view all the answers

What is the purpose of determining the gross salary in a payslip?

<p>To determine the net pay (B)</p> Signup and view all the answers

Which of the following steps is NOT part of the process of comparing two options?

<p>Create a budget (A)</p> Signup and view all the answers

What is the purpose of documenting the comparison process in decision-making?

<p>To document the comparison process, including all calculations and rationales for the decision. (D)</p> Signup and view all the answers

What is the purpose of assessing risks in the comparison of two options?

<p>To evaluate the potential risks of each option (A)</p> Signup and view all the answers

What is the purpose of using mathematical tools and techniques in decision-making?

<p>To organize and visualize the data, and to calculate key metrics. (D)</p> Signup and view all the answers

Which of the following is a characteristic of a quotation?

<p>Summarizes the costs of an item/service (C)</p> Signup and view all the answers

What is the purpose of establishing criteria in the comparison of two options?

<p>To cover all important aspects of the decision (A)</p> Signup and view all the answers

What is the main purpose of calculating net income?

<p>To allocate income to cover expenses, savings, and investments (B)</p> Signup and view all the answers

Which of the following is an example of earned income?

<p>Salary from a part-time job (A)</p> Signup and view all the answers

What is the difference between a quotation and an invoice?

<p>A quotation is a guideline of costs, while an invoice is a summary of costs (A)</p> Signup and view all the answers

What is the purpose of documenting and presenting the comparison of two options?

<p>To present the findings using visual aids (D)</p> Signup and view all the answers

What is the primary function of a budget?

<p>To allocate income to cover expenses, savings, and investments (A)</p> Signup and view all the answers

Which of the following is NOT a step in demonstrating values in financial documents?

<p>Creating a budget (A)</p> Signup and view all the answers

What is the term for income received from sources other than employment?

<p>Unearned income (C)</p> Signup and view all the answers

What is the purpose of comparing two options?

<p>To make an informed decision about which option is more advantageous (C)</p> Signup and view all the answers

What is the primary benefit of having multiple sources of income?

<p>Reduced risk of financial instability (B)</p> Signup and view all the answers

What is the last step in understanding and managing sources of income?

<p>Monitor and adjust the budget (A)</p> Signup and view all the answers

What is the primary purpose of filing taxes?

<p>To declare income to the tax authorities (B)</p> Signup and view all the answers

Which of the following is a long-term financial goal?

<p>Planning for retirement (B)</p> Signup and view all the answers

What is the term for payments made by the government to individuals?

<p>Government transfers (C)</p> Signup and view all the answers

Why is it important to set financial goals?

<p>To create a plan to achieve financial stability (A)</p> Signup and view all the answers

What is the purpose of a statement of income-and-expenditure?

<p>To describe the current finances of a business, organization, or event (A)</p> Signup and view all the answers

How is the total expenditure calculated?

<p>By summing up all the expense items (C)</p> Signup and view all the answers

What is the formula to calculate the net income?

<p>Total Income - Total Expenditure (B)</p> Signup and view all the answers

What is UIF, and what is its purpose?

<p>UIF is an insurance, and its purpose is to provide financial support to employees who lose their jobs (D)</p> Signup and view all the answers

How is the employee's contribution to UIF calculated?

<p>1% of the gross salary (A)</p> Signup and view all the answers

What is the total contribution to UIF from both the employee and employer?

<p>2% of the gross salary (D)</p> Signup and view all the answers

What is the purpose of comparing predicted and actual values in a budget?

<p>To identify areas of improvement (D)</p> Signup and view all the answers

What is the formula to calculate the percentage change in expenditure?

<p>(Actual Value - Previous Value) / Previous Value (A)</p> Signup and view all the answers

What is the salary ceiling for calculating UIF?

<p>R12,478.00 per month (D)</p> Signup and view all the answers

Why are informed predictions important in budgeting?

<p>Because they are based on actual data from a previous period (A)</p> Signup and view all the answers

What is the term for the amount of money an employee receives after deductions have been made from their gross salary?

<p>Net Pay (A)</p> Signup and view all the answers

What is the purpose of a quotation?

<p>To provide a guideline of all the costs that a customer will have to pay (B)</p> Signup and view all the answers

What is the formula to calculate the total deductions?

<p>Total Deductions = Sum of All Deduction Values (A)</p> Signup and view all the answers

What is the term for the price of each individual item?

<p>Unit Price (D)</p> Signup and view all the answers

What is the document that provides proof that a customer has paid for an item/service?

<p>Receipt (D)</p> Signup and view all the answers

What is the term for the number of items being bought?

<p>Quantity (A)</p> Signup and view all the answers

What is the formula to calculate the net pay?

<p>Net Pay = Gross Salary - Total Deductions (B)</p> Signup and view all the answers

What is the term for the items for which a payment is required from the employee?

<p>Deductions (D)</p> Signup and view all the answers

What is the primary purpose of a budget?

<p>To plan the future finances of an event, business, or organization (B)</p> Signup and view all the answers

What is the formula to calculate the total expenditure of a business?

<p>Sum of all expense items (D)</p> Signup and view all the answers

What is the purpose of a statement of income-and-expenditure?

<p>To describe the current finances of an event, business, or organization (C)</p> Signup and view all the answers

What is the formula to calculate the net income of a business?

<p>Total Income - Total Expenditure (B)</p> Signup and view all the answers

What is the purpose of comparing predicted and actual values in a budget?

<p>To see how the business actually performed versus how it was planned or predicted to perform (A)</p> Signup and view all the answers

What is the formula to calculate the percentage change in expenditure over time?

<p>((Actual Value - Previous Value)/Previous Value) × 100% (D)</p> Signup and view all the answers

What is the purpose of UIF in South Africa?

<p>To provide financial support to employees who lose their jobs (A)</p> Signup and view all the answers

How is the employee's contribution to UIF calculated?

<p>1% × gross salary (B)</p> Signup and view all the answers

What is the employer's contribution to UIF?

<p>1% × gross salary (C)</p> Signup and view all the answers

What is the main difference between a budget and a statement of income-and-expenditure?

<p>A budget shows predicted income and expenditure, while a statement of income-and-expenditure shows actual income and expenditure (A)</p> Signup and view all the answers

What is the main purpose of identifying all sources of income?

<p>To determine the gross income (C)</p> Signup and view all the answers

What is the result of subtracting the total deductions from the gross salary?

<p>Net pay (A)</p> Signup and view all the answers

What is the main purpose of creating a budget?

<p>To allocate income to cover expenses, savings, and investments (B)</p> Signup and view all the answers

What is an example of an earned income?

<p>Salary (D)</p> Signup and view all the answers

What is the purpose of income tax?

<p>To fund government activities and public services (A)</p> Signup and view all the answers

What is the result of subtracting the total deductions from the gross income?

<p>Net income (C)</p> Signup and view all the answers

What is the purpose of setting financial goals?

<p>To achieve financial stability and security (C)</p> Signup and view all the answers

What is the main purpose of budgeting?

<p>To allocate income to cover expenses, savings, and investments (B)</p> Signup and view all the answers

What is the purpose of identifying deductions?

<p>To determine the total deductions (A)</p> Signup and view all the answers

What is the main purpose of income diversification?

<p>To ensure financial stability by having multiple sources of income (D)</p> Signup and view all the answers

What is the primary purpose of a tariff system?

<p>To charge different rates for different quantities of water consumed (C)</p> Signup and view all the answers

What does an incremental increase in a graph of a tariff system represent?

<p>An increase in the tariff rate as consumption increases (A)</p> Signup and view all the answers

What is the purpose of comparing graphs of different tariff systems?

<p>To analyze the costs of different tariff systems and determine the break-even point (A)</p> Signup and view all the answers

What is the formula to calculate the monthly cost in a prepaid system?

<p>Monthly Cost = Rate per Unit × Units Used (C)</p> Signup and view all the answers

What does a flat line section in a graph of electricity tariffs represent?

<p>A period where the cost does not change (D)</p> Signup and view all the answers

What is the purpose of break-even analysis in electricity tariffs?

<p>To determine the point at which the costs of two tariff systems are equal (B)</p> Signup and view all the answers

What is the formula to calculate the percentage increase?

<p>Percentage Increase = (New Value - Old Value) / Old Value (B)</p> Signup and view all the answers

What is the purpose of comparing two options in a decision-making process?

<p>To evaluate the costs and benefits of each option and make an informed decision (C)</p> Signup and view all the answers

What is the purpose of cost analysis in a decision-making process?

<p>To calculate the total cost associated with each option (A)</p> Signup and view all the answers

What is the purpose of using mathematical tools and techniques in a decision-making process?

<p>To organize and visualize the data to make an informed decision (C)</p> Signup and view all the answers

What is the total contribution to the UIF from both the employee and employer, expressed as a percentage of gross salary?

<p>2% (C)</p> Signup and view all the answers

What is the salary ceiling for calculating UIF?

<p>R12,478.00 (C)</p> Signup and view all the answers

What is the purpose of exchange rates in international trade?

<p>To convert currencies for trade and travel (C)</p> Signup and view all the answers

What is the accurate method of converting currencies?

<p>Accurate calculation using the exchange rate (D)</p> Signup and view all the answers

What determines the strength of a currency in relation to another currency?

<p>The exchange rate (B)</p> Signup and view all the answers

What is the primary purpose of creating a budget?

<p>To track income and expenses (B)</p> Signup and view all the answers

What is the difference between gross income and net income?

<p>Gross income is before taxes, while net income is after taxes (C)</p> Signup and view all the answers

What is the purpose of a water tariff system?

<p>To calculate the cost of water usage (B)</p> Signup and view all the answers

What is an example of an unearned income?

<p>Interest on a savings account (C)</p> Signup and view all the answers

What is the formula to calculate the total UIF contribution?

<p>2% × gross salary (B)</p> Signup and view all the answers

What is the maximum UIF deduction from an employee's salary?

<p>R124.78 (B)</p> Signup and view all the answers

What is the purpose of filing taxes?

<p>To declare income and calculate tax owed (D)</p> Signup and view all the answers

What is the purpose of income diversification?

<p>To ensure financial stability by having multiple sources of income (B)</p> Signup and view all the answers

What is the purpose of using exchange rates for businesses?

<p>To convert currencies for international trade (A)</p> Signup and view all the answers

What is the buying power of a currency dependent on?

<p>The comparative cost of living and earning power (A)</p> Signup and view all the answers

What is the first step in understanding and managing sources of income?

<p>Identify all sources of income (C)</p> Signup and view all the answers

What is the purpose of a budget?

<p>To allocate income to cover expenses, savings, and investments (B)</p> Signup and view all the answers

What is the difference between earned income and unearned income?

<p>Earned income is from employment, while unearned income is from investments (D)</p> Signup and view all the answers

What is the purpose of setting financial goals?

<p>To create a plan to achieve short-term and long-term goals (D)</p> Signup and view all the answers

What is the purpose of regularly reviewing income and expenses in a budget?

<p>To ensure the budget is being followed and make adjustments as necessary (B)</p> Signup and view all the answers

What is the purpose of UIF?

<p>To provide insurance in case of illness or unemployment (B)</p> Signup and view all the answers

What is the formula to calculate the employee's contribution to UIF?

<p>1% × gross salary (C)</p> Signup and view all the answers

What is the exchange rate used for?

<p>To convert one currency into another (D)</p> Signup and view all the answers

What is an example of an incremental tariff system?

<p>Water tariff system (A)</p> Signup and view all the answers

What determines the strength of a currency?

<p>The exchange rate (A)</p> Signup and view all the answers

What is the formula to calculate the total UIF contribution?

<p>2% × gross salary (B)</p> Signup and view all the answers

What is the purpose of comparing graphs of different tariff systems?

<p>To analyse the cost under different conditions (C)</p> Signup and view all the answers

What is the accurate method of converting currencies?

<p>Accurate calculation (A)</p> Signup and view all the answers

What is the buying power of a currency dependent on?

<p>The cost of living and earning power in the country (A)</p> Signup and view all the answers

What is the maximum UIF deduction from an employee's salary?

<p>R124.78 (C)</p> Signup and view all the answers

What is the primary purpose of establishing criteria in comparing two options?

<p>To determine the criteria that will be used to compare the options (A)</p> Signup and view all the answers

What is the main difference between a payslip and an invoice?

<p>A payslip is for employees, while an invoice is for customers (D)</p> Signup and view all the answers

What is the purpose of calculating the net pay of an employee?

<p>To determine the actual amount of money an employee will receive (A)</p> Signup and view all the answers

What is the purpose of using visual aids such as charts and graphs in presenting financial data?

<p>To provide a clear and logical presentation of the data (A)</p> Signup and view all the answers

What is the primary purpose of assessing risks in comparing two options?

<p>To evaluate the potential risks of each option (C)</p> Signup and view all the answers

What is the purpose of documenting the comparison process in comparing two options?

<p>To record the comparison process, including all calculations and rationales (C)</p> Signup and view all the answers

What is the formula to calculate the total deductions of an employee?

<p>Sum of All Deduction Values (A)</p> Signup and view all the answers

What is the primary purpose of comparing two options?

<p>To make an informed decision about which option is more advantageous (C)</p> Signup and view all the answers

What is the purpose of identifying the basic salary and any additional incomes in determining the gross salary?

<p>To sum these values to determine the gross salary (B)</p> Signup and view all the answers

What is the purpose of using mathematical tools such as tables and graphs in comparing two options?

<p>To organize the data and make it easier to analyze (A)</p> Signup and view all the answers

What is the key purpose of break-even analysis in electricity tariffs?

<p>To determine the point at which the costs of two tariff systems are equal (B)</p> Signup and view all the answers

What is represented by the increasing gradients in the graph of electricity tariffs?

<p>A higher rate for higher usage levels (C)</p> Signup and view all the answers

What is the formula to calculate the monthly cost of a prepaid electricity tariff system?

<p>Monthly Cost = Rate per Unit x Units Used (D)</p> Signup and view all the answers

What is the purpose of identifying the options in a comparison of two electricity tariff systems?

<p>To clearly define the two options and gather relevant data (B)</p> Signup and view all the answers

What is the formula to calculate the percentage increase in the cost of an electricity tariff system?

<p>Percentage Increase = (New Value - Old Value) / Old Value (B)</p> Signup and view all the answers

What is the purpose of comparing the costs of two electricity tariff systems?

<p>To make an informed decision about which system to use (A)</p> Signup and view all the answers

What is the purpose of using graphs to compare the costs of two electricity tariff systems?

<p>To visually compare the costs across different usage levels (D)</p> Signup and view all the answers

What is the key aspect of cost analysis in comparing two electricity tariff systems?

<p>Considering both direct and indirect costs (A)</p> Signup and view all the answers

What is the purpose of calculating the break-even point in comparing two electricity tariff systems?

<p>To determine the point at which the costs of two systems are equal (C)</p> Signup and view all the answers

What is the benefit of using mathematical tools and techniques in comparing two electricity tariff systems?

<p>It helps to organize and visualize the data to make a more informed decision (C)</p> Signup and view all the answers

What is the primary purpose of a statement of income-and-expenditure?

<p>To provide a summary of actual income and expenditure items for an event, business, or organization (B)</p> Signup and view all the answers

What is the formula to calculate the total expenditure of a business?

<p>Total Expenditure = ∑ All Expense Items (B)</p> Signup and view all the answers

What is the purpose of comparing predicted and actual values in a budget?

<p>To see how the business actually performed versus how it was planned or predicted to perform (D)</p> Signup and view all the answers

What is the formula to calculate the difference between predicted and actual values?

<p>Difference = Predicted Value - Actual Value (A)</p> Signup and view all the answers

What is the purpose of calculating the percentage change in expenditure over time?

<p>To understand how the expenditure has changed over time (C)</p> Signup and view all the answers

What is the formula to calculate the percentage change in expenditure over time?

<p>Percentage Change = (Actual Value - Previous Value) / Previous Value × 100% (B)</p> Signup and view all the answers

What is the main purpose of UIF?

<p>To provide financial support to employees who lose their jobs (D)</p> Signup and view all the answers

How is the employee's contribution to UIF calculated?

<p>Employee's contribution = 1% × Gross Salary (D)</p> Signup and view all the answers

What is the total contribution to the UIF from both the employee and employer?

<p>Total contribution = 2% × Gross Salary (B)</p> Signup and view all the answers

What is the salary ceiling for UIF?

<p>R12,478.00 per month (B)</p> Signup and view all the answers

What is the maximum amount of UIF that can be deducted from an employee's salary per month?

<p>R124.78 (D)</p> Signup and view all the answers

What is the formula to calculate the total UIF contribution?

<p>2% × gross salary (D)</p> Signup and view all the answers

What is the purpose of exchange rates in business?

<p>To convert currencies accurately for import and export transactions (C)</p> Signup and view all the answers

What determines the strength of a currency in relation to another currency?

<p>The exchange rate (D)</p> Signup and view all the answers

What is an example of an incremental tariff system?

<p>Water tariffs (C)</p> Signup and view all the answers

How is the employee's contribution to UIF calculated?

<p>1% × gross salary (A)</p> Signup and view all the answers

What is the method of estimating currency conversions?

<p>Estimation using a rounded exchange rate (B)</p> Signup and view all the answers

What is the formula to calculate the converted amount of a currency?

<p>Foreign currency amount × exchange rate (C)</p> Signup and view all the answers

What is the buying power of a currency dependent on?

<p>Comparative cost of living and earning power (A)</p> Signup and view all the answers

Why do exchange rates fluctuate?

<p>Daily and sometimes multiple times a day (B)</p> Signup and view all the answers

What is the purpose of a payslip?

<p>To show the employee's salary details, including deductions and net pay (D)</p> Signup and view all the answers

What is the difference between gross salary and taxable income?

<p>Gross salary includes all income sources, while taxable income is the portion on which tax is calculated (D)</p> Signup and view all the answers

What is the main purpose of demonstrating values in financial documents?

<p>To explain how different values in the documents have been determined (C)</p> Signup and view all the answers

What is the formula to calculate the net pay?

<p>Net Pay = Gross Salary - Total Deductions (A)</p> Signup and view all the answers

What is the purpose of a quotation?

<p>To provide a guideline of all the costs that a customer will have to pay (B)</p> Signup and view all the answers

What is the unit price?

<p>The price of each individual item (A)</p> Signup and view all the answers

What is the first step in determining the gross salary?

<p>Identify the basic salary and any additional incomes (D)</p> Signup and view all the answers

What is the purpose of understanding terminology in financial documents?

<p>To learn and understand the different terms used in financial documents (D)</p> Signup and view all the answers

What is the purpose of calculating gross income?

<p>To identify all sources of income (C)</p> Signup and view all the answers

What is the difference between earned income and unearned income?

<p>Earned income is from employment, while unearned income is from sources other than employment (C)</p> Signup and view all the answers

What is the purpose of filing taxes?

<p>To declare income to the tax authorities (B)</p> Signup and view all the answers

What is the purpose of budgeting?

<p>To create a plan for how to allocate income (A)</p> Signup and view all the answers

What is the purpose of setting financial goals?

<p>To achieve short-term and long-term financial goals (B)</p> Signup and view all the answers

What is the purpose of income diversification?

<p>To ensure financial stability by having multiple sources of income (B)</p> Signup and view all the answers

What is the purpose of a payslip?

<p>To determine the net pay (A)</p> Signup and view all the answers

What is the purpose of savings?

<p>To set aside a portion of income for future use or emergencies (A)</p> Signup and view all the answers

What is the purpose of investments?

<p>To use income to purchase assets that can generate additional income or appreciate in value over time (C)</p> Signup and view all the answers

What is the purpose of understanding income tax?

<p>To recognize the role of income tax in personal finance (D)</p> Signup and view all the answers

What is the primary purpose of a budget?

<p>To plan the future finances of an event, business, or organization (D)</p> Signup and view all the answers

What is the purpose of a statement of income-and-expenditure?

<p>To describe the current finances of an event, business, or organization (D)</p> Signup and view all the answers

What is the formula to calculate the total expenditure of a business?

<p>Total Expenditure = Σ All Expense Items (B)</p> Signup and view all the answers

What is the purpose of calculating the percentage change in expenditure over time?

<p>To understand how the expenditure has changed over time (C)</p> Signup and view all the answers

What is the purpose of comparing predicted and actual values in a budget?

<p>To see how the business actually performed versus how it was planned or predicted to perform (A)</p> Signup and view all the answers

How is the employee's contribution to UIF calculated?

<p>1% × Gross Salary (A)</p> Signup and view all the answers

What is the employer's contribution to UIF?

<p>1% of the gross salary (C)</p> Signup and view all the answers

What is the net income of a business calculated as?

<p>Total Income - Total Expenditure (A)</p> Signup and view all the answers

What is the purpose of monitoring and adjusting a budget?

<p>To ensure the budget is being followed and to make adjustments as necessary (D)</p> Signup and view all the answers

What is the main difference between a budget and a statement of income-and-expenditure?

<p>A budget shows predicted values, while a statement of income-and-expenditure shows actual values (C)</p> Signup and view all the answers

What is the purpose of establishing criteria in comparing two options?

<p>To cover all important aspects of the decision (A)</p> Signup and view all the answers

What is the next step after gathering data for each option?

<p>Establish criteria (B)</p> Signup and view all the answers

What is the purpose of a payslip?

<p>To outline the employee's salary and deductions (A)</p> Signup and view all the answers

What is the purpose of a step-function graph in tariff systems?

<p>To represent the same tariff rate charged for water consumption within a certain bracket (C)</p> Signup and view all the answers

What is the formula to calculate the monthly cost in a non-prepaid electricity tariff system?

<p>Service Charge + Network Charge + (Rate per Unit × Units Used) (D)</p> Signup and view all the answers

What is the calculation to determine the total deductions?

<p>Sum of All Deduction Values (A)</p> Signup and view all the answers

What does an increasing gradient in a graph of a tariff system represent?

<p>A higher rate for higher usage levels (A)</p> Signup and view all the answers

What is the purpose of comparing two options?

<p>To make an informed decision about which option is more advantageous (C)</p> Signup and view all the answers

What is the formula to calculate the net pay?

<p>Gross Salary - Total Deductions (D)</p> Signup and view all the answers

What is the purpose of break-even analysis in comparing electricity tariffs?

<p>To determine the point at which the costs of two tariff systems are equal (D)</p> Signup and view all the answers

What is the purpose of using mathematical tools in comparing two options?

<p>To organize the data and calculate key metrics (A)</p> Signup and view all the answers

What is the formula to calculate the percentage increase in a value?

<p>((New Value - Old Value) / Old Value) × 100 (B)</p> Signup and view all the answers

What is the purpose of documenting and presenting the comparison of two options?

<p>To present the findings in a clear and logical manner (A)</p> Signup and view all the answers

What is the purpose of comparing tariff systems?

<p>To determine the most cost-effective tariff system for a given usage level (D)</p> Signup and view all the answers

What is the benefit of using graphical representations in tariff systems?

<p>To compare the costs of different tariff systems (C)</p> Signup and view all the answers

What is the purpose of an invoice?

<p>To provide a summary of all the costs that a customer must pay (C)</p> Signup and view all the answers

What is the purpose of identifying the options to be compared in a cost analysis?

<p>To establish a clear definition of the options and gather relevant data (D)</p> Signup and view all the answers

What is the purpose of a quotation?

<p>To provide a guideline of all the costs that a customer will have to pay (C)</p> Signup and view all the answers

What is the benefit of using mathematical tools and techniques in cost analysis?

<p>To organize and visualize the data to make informed decisions (C)</p> Signup and view all the answers

What is the purpose of evaluating the potential risks associated with each option in a cost analysis?

<p>To assess the likelihood and impact of potential risks (A)</p> Signup and view all the answers

What is the maximum UIF deduction that can be made from an employee's salary?

<p>R124.78 (B)</p> Signup and view all the answers

What is the purpose of exchange rates?

<p>To facilitate international trade and travel (B)</p> Signup and view all the answers

What is the formula to calculate the total UIF contribution?

<p>2% of the gross salary (A)</p> Signup and view all the answers

What is the method of estimating currency conversions?

<p>Rounding the exchange rate to estimate the amount (B)</p> Signup and view all the answers

What determines the strength of a currency in relation to another currency?

<p>The exchange rate (B)</p> Signup and view all the answers

What is an example of an incremental tariff system?

<p>Water tariff system (D)</p> Signup and view all the answers

What is the purpose of comparing graphs of different tariff systems?

<p>To analyse the costs under different conditions (B)</p> Signup and view all the answers

What is the formula to calculate the converted amount of a currency?

<p>Amount × Exchange rate (D)</p> Signup and view all the answers

What is the buying power of a currency dependent on?

<p>The cost of living and earning power in the country (C)</p> Signup and view all the answers

What is the graphical representation of a tariff system?

<p>Step-function graph (B)</p> Signup and view all the answers

What is the primary purpose of a budget?

<p>To allocate income to cover expenses, savings, and investments (C)</p> Signup and view all the answers

What is the difference between earned income and unearned income?

<p>Earned income is from employment, while unearned income is from investments (A)</p> Signup and view all the answers

What is the purpose of calculating net income?

<p>To determine the income remaining after all deductions (D)</p> Signup and view all the answers

What is the purpose of income tax?

<p>To redistribute income from individuals to the government (B)</p> Signup and view all the answers

What is the purpose of setting financial goals?

<p>To create a plan for achieving specific financial objectives (D)</p> Signup and view all the answers

What is the purpose of identifying all sources of income?

<p>To list all the ways in which income is received (B)</p> Signup and view all the answers

What is the purpose of creating a budget?

<p>To allocate income to cover expenses, savings, and investments (C)</p> Signup and view all the answers

What is the purpose of filing taxes?

<p>To declare income to the tax authorities (B)</p> Signup and view all the answers

What is the purpose of budgeting and managing finances?

<p>To create a plan for how to allocate income (D)</p> Signup and view all the answers

What is the purpose of income diversification?

<p>To ensure financial stability by having multiple sources of income (B)</p> Signup and view all the answers

What is the main purpose of including both predicted and actual values in a budget?

<p>To compare the predicted and actual financial performance of a business (C)</p> Signup and view all the answers

What does a statement of income-and-expenditure show?

<p>A summary of actual income and expenditure values (D)</p> Signup and view all the answers

What is the formula to calculate the net income of a business?

<p>Total Income - Total Expenditure (B)</p> Signup and view all the answers

Why are statements of income-and-expenditure important tools for describing the current finances of a business?

<p>Because they allow for a comparison of performance over time (C)</p> Signup and view all the answers

What is the purpose of comparing predicted and actual values in a budget?

<p>To identify areas of improvement in the business (C)</p> Signup and view all the answers

What is the formula to calculate the percentage change in expenditure over time?

<p>(Actual Value - Previous Value) / Previous Value (A)</p> Signup and view all the answers

What is the main purpose of UIF?

<p>To provide financial support to employees who lose their jobs (A)</p> Signup and view all the answers

How is the employee's contribution to UIF calculated?

<p>1% of the gross salary (C)</p> Signup and view all the answers

What is the total contribution to the UIF from both the employee and employer?

<p>2% of the gross salary (D)</p> Signup and view all the answers

What is the salary ceiling for calculating UIF?

<p>R12,478.00 per month (D)</p> Signup and view all the answers

What is the purpose of break-even analysis in electricity tariffs?

<p>To determine the break-even point at which the costs of two tariff systems are equal (A)</p> Signup and view all the answers

What does a flat line section in a graph of electricity tariffs represent?

<p>A period where the cost does not change, indicating a fixed rate for usage within a specific range (B)</p> Signup and view all the answers

What is the formula to calculate the monthly cost of a prepaid electricity tariff system?

<p>Monthly Cost = Rate per Unit x Units Used (D)</p> Signup and view all the answers

What is the purpose of comparing two tariff systems?

<p>To compare the costs and benefits of each tariff system and make an informed decision (D)</p> Signup and view all the answers

What is the formula to calculate the percentage increase?

<p>Percentage Increase = (New Value - Old Value) / Old Value (D)</p> Signup and view all the answers

What is the purpose of using graphs to compare two tariff systems?

<p>To visually compare the costs of each tariff system across different usage levels (B)</p> Signup and view all the answers

What is the step in comparing two options that involves calculating the total cost associated with each option?

<p>Analyzing the costs of each option (A)</p> Signup and view all the answers

What is the purpose of identifying the options in comparing two options?

<p>To clearly define the two options to be compared (C)</p> Signup and view all the answers

What does increasing gradients in a graph of electricity tariffs represent?

<p>Higher rates for higher usage levels (C)</p> Signup and view all the answers

What is the purpose of using mathematical tools and techniques in comparing two options?

<p>To organize and visualize the data and make calculations (B)</p> Signup and view all the answers

What is the purpose of a payslip?

<p>To display the employee's salary deductions and net pay (D)</p> Signup and view all the answers

What is the formula to calculate the net pay?

<p>Net Pay = Gross Salary - Total Deductions (B)</p> Signup and view all the answers

What is the term for the money deducted from an employee's salary to pay for items such as Medical Aid and Pension?

<p>Deductions (A)</p> Signup and view all the answers

What is the document that provides a guideline of all the costs that a customer will have to pay if they choose to buy an item/service?

<p>Quotation (C)</p> Signup and view all the answers

What is the total of all the income sources of an employee, excluding any additional income or deductions, called?

<p>Basic Salary (C)</p> Signup and view all the answers

What is the purpose of an invoice?

<p>To summarize the costs that a customer must now pay because they have chosen to buy an item/service (C)</p> Signup and view all the answers

What is the formula to calculate the gross salary?

<p>Gross Salary = Basic Salary + Additional Incomes (B)</p> Signup and view all the answers

What is the term for the portion of an employee's salary on which tax is calculated?

<p>Taxable Income (B)</p> Signup and view all the answers

What is the main purpose of a budget?

<p>To plan the future finances of an event, business, or organization (B)</p> Signup and view all the answers

What is the formula to calculate the net income of a business?

<p>Total Income - Total Expenditure (C)</p> Signup and view all the answers

What is the purpose of a statement of income-and-expenditure?

<p>To describe the current finances of an event, business, or organization (A)</p> Signup and view all the answers

What is the purpose of comparing predicted and actual values in a budget?

<p>To see how the business actually performed versus how it was planned or predicted to perform (A)</p> Signup and view all the answers

What is the formula to calculate the percentage change in expenditure over time?

<p>(Actual Value - Previous Value) / Previous Value (B)</p> Signup and view all the answers

What is the purpose of UIF?

<p>To provide financial support to employees who lose their jobs (C)</p> Signup and view all the answers

How is the employee's contribution to UIF calculated?

<p>1% x gross salary (B)</p> Signup and view all the answers

What is the employer's contribution to UIF?

<p>1% of gross salary (B)</p> Signup and view all the answers

What is the total expenditure of a business?

<p>The sum of all the expense items (D)</p> Signup and view all the answers

What is the main difference between a budget and a statement of income-and-expenditure?

<p>A budget plans for the future, while a statement of income-and-expenditure describes the current finances (D)</p> Signup and view all the answers

What is the purpose of using the salary ceiling of R12,478.00 per month for calculating UIF?

<p>To prevent UIF deductions from exceeding a certain amount (B)</p> Signup and view all the answers

What is the formula to calculate the total UIF contribution from both the employee and employer?

<p>2% × gross salary (B)</p> Signup and view all the answers

What is the primary purpose of exchange rates for individuals?

<p>To facilitate international travel and trade (B)</p> Signup and view all the answers

What is the accurate method of converting currencies?

<p>Accurate calculation using the exact exchange rate (A)</p> Signup and view all the answers

What determines the strength of a currency in relation to another currency?

<p>The exchange rate between the two currencies (A)</p> Signup and view all the answers

What is the purpose of the UIF salary ceiling?

<p>To prevent UIF deductions from exceeding a certain percentage of the salary (B)</p> Signup and view all the answers

What is the formula to calculate the employee's UIF contribution?

<p>1% × gross salary (D)</p> Signup and view all the answers

What is the purpose of estimating currency conversions?

<p>To get an approximate amount of the converted currency (C)</p> Signup and view all the answers

What is the buying power of a currency dependent on?

<p>The comparative cost of living in the two countries (D)</p> Signup and view all the answers

What is the purpose of a water tariff system?

<p>To provide an example of an incremental tariff system (A)</p> Signup and view all the answers

What is the purpose of calculating the net income?

<p>To allocate income to cover expenses, savings, and investments (B)</p> Signup and view all the answers

Which of the following is an example of a government transfer?

<p>Social security benefits (C)</p> Signup and view all the answers

What is the purpose of a payslip?

<p>To provide a summary of the salary and deductions (A)</p> Signup and view all the answers

What is the difference between gross income and net income?

<p>Gross income is the total income, while net income is the income after deductions (D)</p> Signup and view all the answers

What is the purpose of income tax?

<p>To fund government programs and services (D)</p> Signup and view all the answers

What is the purpose of budgeting?

<p>To create a plan for allocating income to cover expenses, savings, and investments (B)</p> Signup and view all the answers

What is the main purpose of a graphical representation of a tariff system?

<p>To compare the costs of different tariff systems (A)</p> Signup and view all the answers

What is the first step in understanding and managing sources of income?

<p>Identify all sources of income (D)</p> Signup and view all the answers

What is the formula to calculate the percentage increase in a tariff system?

<p>(New Value - Old Value) / Old Value (B)</p> Signup and view all the answers

What is the purpose of income diversification?

<p>To ensure financial stability by having multiple sources of income (A)</p> Signup and view all the answers

What is the purpose of break-even analysis in electricity tariffs?

<p>To determine the point at which the costs of two tariff systems are equal (A)</p> Signup and view all the answers

What is the purpose of setting financial goals?

<p>To achieve financial stability and security (B)</p> Signup and view all the answers

What is represented by an increasing gradient in a graph of electricity tariffs?

<p>A higher rate for higher usage levels (A)</p> Signup and view all the answers

What is the purpose of comparing the costs of different tariff systems?

<p>To identify the most cost-effective tariff system (C)</p> Signup and view all the answers

What is the purpose of filing taxes?

<p>To declare income to the tax authorities and calculate the amount of tax owed or refund due (B)</p> Signup and view all the answers

What is the formula to calculate the monthly cost in a non-prepaid system?

<p>Service Charge + Network Charge + (Rate per Unit x Units Used) (D)</p> Signup and view all the answers

What is the purpose of identifying the options in a cost-benefit analysis?

<p>To gather detailed information about each option (A)</p> Signup and view all the answers

What is the purpose of using mathematical tools and techniques in a cost-benefit analysis?

<p>To organize and visualize the data (C)</p> Signup and view all the answers

What is the purpose of documenting the comparison process in a cost-benefit analysis?

<p>To present the findings to stakeholders (B)</p> Signup and view all the answers

What is the purpose of a step-function graph in a tariff system?

<p>To show the same tariff rate for a specific range of usage (B)</p> Signup and view all the answers

What is the primary purpose of comparing two options in decision making?

<p>To evaluate the benefits and costs of each option (C)</p> Signup and view all the answers

What is the purpose of a payslip?

<p>To show the employee's salary and deductions (A)</p> Signup and view all the answers

What is the formula to calculate the net pay?

<p>Net Pay = Gross Salary - Total Deductions (D)</p> Signup and view all the answers

What is the purpose of establishing criteria in decision making?

<p>To cover all important aspects of the decision (A)</p> Signup and view all the answers

What is the purpose of a quotation?

<p>To provide a guideline of all the costs that a customer will have to pay (B)</p> Signup and view all the answers

What is the purpose of analyzing benefits in decision making?

<p>To evaluate the monetary benefits of each option (C)</p> Signup and view all the answers

What is the purpose of using tables and graphs in decision making?

<p>To organize and present data in a clear and logical manner (C)</p> Signup and view all the answers

What is the purpose of assessing risks in decision making?

<p>To identify the potential risks associated with each option (D)</p> Signup and view all the answers

What is the purpose of documenting and presenting the comparison process?

<p>To record the comparison process and present the findings in a clear and logical manner (B)</p> Signup and view all the answers

What is the purpose of calculating the cost-benefit ratio in decision making?

<p>To determine the most advantageous option (A)</p> Signup and view all the answers

What is the primary purpose of creating a budget?

<p>To allocate income to cover expenses, savings, and investments (B)</p> Signup and view all the answers

Which of the following is an example of an unearned income?

<p>Interest (C)</p> Signup and view all the answers

What is the purpose of filing taxes?

<p>To declare income to the tax authorities and calculate the amount of tax owed or the refund due (A)</p> Signup and view all the answers

What is the primary purpose of break-even analysis in electricity tariffs?

<p>To compare the costs of different tariff systems at various usage levels (B)</p> Signup and view all the answers

What is the difference between gross income and net income?

<p>Gross income is the total income earned, while net income is the income remaining after all deductions (D)</p> Signup and view all the answers

What is the purpose of income diversification?

<p>To ensure financial stability by having multiple sources of income (D)</p> Signup and view all the answers

What does the increasing gradient in a graph of electricity tariffs represent?

<p>A higher rate for higher usage levels (A)</p> Signup and view all the answers

What is the formula to calculate the percentage increase?

<p>((New Value - Old Value) / Old Value) × 100 (B)</p> Signup and view all the answers

What is the first step in understanding and managing sources of income?

<p>Identify all sources of income (A)</p> Signup and view all the answers

What is the purpose of cost analysis in comparing two options?

<p>To calculate the total cost associated with each option (C)</p> Signup and view all the answers

What is the maximum UIF deduction that can be made from an employee's salary?

<p>R124.78 (A)</p> Signup and view all the answers

What is the purpose of setting financial goals?

<p>To set short-term and long-term financial goals and create strategies to achieve them (A)</p> Signup and view all the answers

What is the purpose of an exchange rate?

<p>To show the value of one currency in relation to another (B)</p> Signup and view all the answers

What is the purpose of establishing criteria for comparing two options?

<p>To ensure the criteria are relevant and comprehensive for the decision-making process (D)</p> Signup and view all the answers

What is the purpose of a quotation?

<p>To provide a summary of all the costs that a customer must pay (A)</p> Signup and view all the answers

What is the purpose of using mathematical tools and techniques in comparing two options?

<p>To organize and visualize the data to make an informed decision (B)</p> Signup and view all the answers

What is the formula to calculate the total UIF contribution?

<p>2% x gross salary (D)</p> Signup and view all the answers

What is the purpose of a budget?

<p>To allocate income to cover expenses, savings, and investments (D)</p> Signup and view all the answers

What is the formula to calculate the monthly cost in a non-prepaid (billing or flat rate) system?

<p>Service Charge + Network Charge + (Rate per Unit × Units Used) (A)</p> Signup and view all the answers

What is the method of estimating currency conversions?

<p>Rounding the exchange rate (A)</p> Signup and view all the answers

What is the purpose of regularly reviewing income and expenses in a budget?

<p>To ensure that the budget is being followed and make adjustments as necessary (D)</p> Signup and view all the answers

What determines the strength of a currency in relation to another currency?

<p>The exchange rate (A)</p> Signup and view all the answers

What is the purpose of documenting the comparison process in comparing two options?

<p>To provide a clear and logical record of the analysis and decision-making process (D)</p> Signup and view all the answers

What is the purpose of a statement of income-and-expenditure?

<p>To compare the current financial performance of an organization (A)</p> Signup and view all the answers

What is the primary purpose of comparing the costs, benefits, and risks of each option?

<p>To make an informed decision about which option is more advantageous (A)</p> Signup and view all the answers

What is an example of an incremental tariff system?

<p>Water tariff system (D)</p> Signup and view all the answers

What is calculated by subtracting the total expenditure from the total income?

<p>Net income (A)</p> Signup and view all the answers

What is the formula to calculate the percentage change in expenditure over time?

<p>(Actual Value - Previous Value) / Previous Value (B)</p> Signup and view all the answers

What is the graphical representation of a tariff system?

<p>Step-function graph (D)</p> Signup and view all the answers

What is the purpose of graph interpretation in electricity tariffs?

<p>To visualize the costs across different usage levels and identify patterns (B)</p> Signup and view all the answers

What is the purpose of comparing graphs of different tariff systems?

<p>To analyze costs under different conditions (D)</p> Signup and view all the answers

What is the purpose of comparing predicted and actual values in a budget?

<p>To identify areas of improvement in the business (D)</p> Signup and view all the answers

What is the total contribution to the UIF from both the employee and employer?

<p>2% x Gross Salary (C)</p> Signup and view all the answers

What is the formula to calculate the converted amount of a currency?

<p>Foreign currency amount x exchange rate (D)</p> Signup and view all the answers

What is the buying power of a currency dependent on?

<p>The exchange rate and the cost of living (D)</p> Signup and view all the answers

What is the main purpose of UIF?

<p>To provide financial support to employees who lose their jobs (C)</p> Signup and view all the answers

What is the salary ceiling for calculating UIF?

<p>R12,478.00 per month (C)</p> Signup and view all the answers

What is the formula to calculate the difference between predicted and actual values?

<p>Predicted Value - Actual Value (A)</p> Signup and view all the answers

What is the purpose of calculating the total expenditure of a business?

<p>To calculate the net income of a business (D)</p> Signup and view all the answers

What is the formula to calculate the total expenditure of a business?

<p>Sum of all expense items (C)</p> Signup and view all the answers

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