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Linus Moses
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Linus Mosesadmin
Asked: May 26, 2023In:
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You were registered with ICAN and IRBA last year and opened your own audit firm earlier this year. Shortly after opening your audit firm, you appointed five audit staff members who passed the national senior certificate examinations at the end ...

Linus Moses
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Linus Mosesadmin
Asked: May 15, 2023In:
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Neptune Has 3 Division In Windhoek Operation As Profit Centres Harvesting Operates A Fleet Of 20 Trawling Vessels Processing The Raw Fish Into Finished Cuts Marketing: Packages Fish In 2 Kg Packets That They Sell To Wholesalers Distributors At N$30 Each .from 1000 ...

Anonymous
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Anonymous
Asked: May 15, 2023In:
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The Cookware Company Hereafter Tcc Started Production At Anotech, their Fully Owned Cookware Factory In Jiangmen China In 2005. they Were A One Stop -Shop For Innovative Cook Ware Material Producing For Many Different Global Cookware Brands. from The Start ...

gma
Linus Moses
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Linus Mosesadmin
Asked: May 11, 2023In:

The Portable Garage Co (PGC) is a company specialising in the manufacture and sale of a range of products for motorists. It is split into two divisions: the battery division (Division B) and the adaptor division (Division A). Division B sells one product – portable battery chargers for motorists which can be attached to a car's own battery and used to start up the engine when the car's own battery fails. Division A sells adaptors which are used by customers to charge mobile devices and laptops by attaching them to the car's internal power source. Recently, Division B has upgraded its portable battery so it can also be used to rapidly charge mobile devices and laptops. The mobile device or laptop must be attached to the battery using a special adaptor which is supplied to the customer with the battery. Division B currently buys the adaptors from Division A, which also sells them externally to other companies

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The Portable Garage Co (PGC) is a company specializing in the manufacture and sale of a range of products for motorists. It is split into two divisions: the battery division (Division B) and the adaptor division (Division A). Division B ...

Linus Moses
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Linus Mosesadmin
Asked: May 11, 2023In:

Netflix is the world's leading streaming entertainment service with over 209 million subscribers in over 190 countries (July 2021 ). Netflix started in 1997 as a DVD mail rental business. In 2007, the company shifted its business model and decided to go digital with the introduction of streaming media. Customers can now access a wide range of movies, TV series, and original Netflix content for an affordable, no-commitment monthly fee. Netflix is considering launching a new, innovative product onto the Namibian market and is trying to decide on the right launch price for the product. The product's expected life is three years. Given the high level of costs which have been incurred in developing the product, Netflix wants to ensure that it sets its price at the right level and has therefore consulted a market research company to help it do this. The research, which relates to similar but not identical products launched by other companies, has revealed that at a price of N$60, annual demand would be expected to be 250 000 units. However, for every N$2 increase in selling price, demand would be expected to fall by 2 000 units and for every N$2 decrease in selling price, demand would be expected to increase by 2 000 un

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Netflix is the world’s leading streaming entertainment service with over 209 million subscribers in over 190 countries (July 2021 ). Netflix started in 1997 as a DVD mail rental business. In 2007, the company shifted its business model and decided ...

Linus Moses
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Linus Mosesadmin
Asked: May 10, 2023In:

The following information relates to Midway limited for the year ended 31 December 2022. Profit for the year is N$ 500,000 (2021, N$ 337 500). This profit includes a profit from discontinued operations on the sale of plant before tax of N$ 75,000 (2021, N$ 0) On 1 January 2021, there were 250,000 ordinary shares in issue, issued at a price of N$ 5.00. On 30th September 2021 there was a right issue on a basis of one ordinary share issued for every 5 already held at a price of N$ 6.00. The market price of the ordinary shares immediately before the right issue was N$7.50 per share. On 31st of May 2022, there was an issue of 50,000 ordinary shares at a market price of N$5.00 per share. The market price of the shares however rose to N$ 8.00 as of 31 December 2022. There are 250,000 options in existence, each of which allows the holder to acquire 4 shares at a price of $10 per share. The options have already been vested but will only expire in many years to come. The average market price per ordinary share for 2021 and 2022 was N$12.00. These options were in existence throughout the year 2021 and 2022. As at 01 January 2021, the company had preference shares that are convertible at the option of the preference shareholders into 500 ordinary shares on 31 December 2024. If not converted the preference shares will be redeemed on 31 December 2024. Dividends of N$ 1,000.00 are incurred annually on these preference shares. The dividends have been correctly accounted for as finance charges in both years. The Preference shares were in existence throughout 2021 and 2022. There are no components of other comprehensive income. The current tax is levied at 30%.

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The following information relates to Midway limited for the year ended 31 December 2022. Profit for the year is N$ 500,000 (2021, N$ 337 500). This profit includes a profit from discontinued operations on the sale of plant before tax of ...

fac310test2
Linus Moses
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Linus Mosesadmin
Asked: May 10, 2023In:

Argus limited has a defined benefit plan that pays retirement benefits to all participating employees. Argus limited contribute to the fund. Employee benefit paid are determined using a formula that incorporates the number of years employed and the salary levels of the members upon retirement. Details of the funds are as follows: N$ Fair value of plan asset at 1st January 2021 6.0 million Fair value of plant asset at 31st December 2021 6.5 million Present value of plan obligation at 1st January 2020 6.9 million Present value of plan obligation at 31st December 2020 7.7 million Actual return on plan asset (after management charges and tax) 700,000 Current year service cost 1.0 million Payment made to the fund by the company during the year 900,000 Benefits paid by the fund during the year 1.1 million Past service cost which arose as at December 2021 150,000 Rate on long-term high-quality corporate bonds – at 01 January 2021 10% Rate on long-term high-quality corporate bonds – at 31 December 2021 15% Rate on long-term high-quality corporate bonds – average for year 2021 12%

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                                                                               (20 ...

fac310
Linus Moses
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Linus Mosesadmin
Asked: April 29, 2023In:
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The Dean Viljoen Lodge thereafter DVL) is situated inside the Daan Viljoen Natural Wildlife Park, approximately 20 meters from Windhoek. The lodge offers nineteen (19) unique African “kraal” inspired chalets with a choice of facies at each chalet or scrumptious ...

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