QUESTION 3

Mugg & Peanuts (Pty) Ltd ("Mugg & Peanuts") is a full-service "on-the-move", coffee-themed franchise restaurant chain originating from South Africa, founded in 1998. The company has elected to apply the International Financial Reporting Standards in its financial reporting and has a 30 June financial year-end.

Mugg & Peanuts entered into a contract with a specialist coffee roaster, Roasted Beans Limited ("Roasted Beans"), to purchase 250 kg of coffee beans per month for a three-year period. The origin of the beans and the level of roasting is specified in the agreement. The coffee beans are to be the "house-blend" for Mugg & Peanuts.

Roasted Beans has only one coffee roasting machine that can be meet the needs of Mugg & Peanuts and is unable to supply the beans from another roaster. Roasted Beans has capacity to produce 1 000 kg of beans per month. Roasted Beans makes all decisions relating to the operation of the coffee roasting machine including the level of production and can supply any customers with the remaining output after fulfilling the contract with Mugg & Peanuts.

The finance director of Mugg & Peanuts, a registered and experienced chartered accountant, has analysed the terms and conditions of the agreement and concluded that, in substance, the agreement contains a lease in terms of IFRS 16 Leases. He has explained that since the coffee roasting machine is dedicated to the needs of Mugg & Peanuts, a right- of-use asset and a corresponding lease liability should be recognised in the statement of financial position.

REQUIRED MARKS
(1) Discuss whether you agree with the comments
of the finance director of Mugg & Peanuts (Pty) Limited,
in terms of IFRS 16 Leases. [13]
Communication skills-clarity of expression [1]

Answer:

Pay stubs are usually an extent of 30 days which is a month.

Answer: 0.1525

Explanation:

Given the following :

Market average annual return(Rm) = 14.50% = 0.145

Required return on stock(Rf) = 11.50% = 0.115

Beta (B) = 1.25

Using the Capm, cost of equity(Ke) is given as :

Ke = Rf + B(Rm - Rf)

Ke = 0.115 + 1.25(0.145 - 0.115)

Ke = 0.115 + 1.25(0.03)

Ke = 0.115 + 0.0375

Ke = 0.1525

Reed agrees to sell his sports equipment store to taylor. As part of the sale, reed promises not to open a similar, competing store anywhere. This promise is most likely invalid.

Equipment is a tangible lengthy-time period asset that blessings a enterprise over several years of use. computer systems, vans and production machinery are all examples of gadgets. they are tangible due to the fact they have a physical shape—unlike intangible belongings (consisting of patents, logos or copyrights) that don't.

A device may be any object this is used to gain a purpose. device generally denotes a hard and fast of gear which can be used to obtain a selected objective.

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Triff Company's cost of inventory can be calculated by subtracting the returns, purchase discounts, and freight out from the total purchases and adding the freight in. After considering the given information, Triff's cost of inventory is $267,000.

To calculate Triff Company's cost of inventory, we start with the total purchases of $295,000. From this amount, we need to deduct the returns, purchase discounts, and freight out, and then add the freight in.

Triff returned $27,000 worth of merchandise, which reduces the total purchases. Additionally, Triff took advantage of $2,000 in purchase discounts, which further reduces the overall cost.

Freight out, the cost to deliver the merchandise to Triff's customers, is a separate expense and needs to be subtracted. The given information states that freight out totaled $8,500.

On the other hand, Triff paid $2,500 in freight in on its purchases. Freight in represents the cost to transport the merchandise to Triff's location and needs to be added to the total cost.

To calculate Triff's cost of inventory, we subtract the returns ($27,000), purchase discounts ($2,000), and freight out ($8,500) from the total purchases ($295,000), and then add the freight in ($2,500).

Cost of inventory = Total purchases - Returns - Purchase discounts - Freight out + Freight in

Cost of inventory = $295,000 - $27,000 - $2,000 - $8,500 + $2,500

Cost of inventory = $267,000

Therefore, Triff's cost of inventory is $267,000.

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A multigenerational team can be used in the following ways by a company in multiple ways. Such teams provides an organisation with more tech savy workforce that has multiple perspectives and eager to learn.

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Answer:

2,000 %

Explanation:

Return on investment for an advertisement = Sales / Advertisement Cost x 100

therefore,

Return on investment for an advertisement = $1,000 / $50 x 100

                                                                        = 2000 %

Based on the beginning and ending Work in Process and the units completed, the Units started in August must be 12,000 tons.

This can be found by the formula:

= Units completed during August + Work in process Agust 31 - Work in process August 1

Solving gives:

= 19,000 + 2,000 - 9,000

= 21,000 - 9,000

= 12,000 tons

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I would say that my greatest talent or skill is cooking.

Cooking is a creative and practical skill that I have developed and refined over time. I possess a deep passion for culinary arts and have honed my abilities in various cooking techniques, flavor combinations, and recipe creation. Through experience and experimentation, I have gained a strong understanding of ingredients, cooking methods, and presentation, allowing me to prepare delicious and visually appealing meals.

Cooking provides me with a means of expressing my creativity, while also bringing joy to others through the flavors and experiences I create. Whether it's preparing a comforting home-cooked meal or experimenting with innovative recipes, my talent and skill in cooking allow me to connect with others and share my love for food.

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The total cross-sectional area of the capillaries feeding these venules is 4 times the total cross-sectional area of the venules.

When blood passes through the capillary bed in an organ, the capillaries join together to form venules, which are small veins.

If the blood speed increases by a factor of 4.00, and the total cross-sectional area of the venules is given, we can calculate the total cross-sectional area of the capillaries feeding these venules.

To solve this problem, we can use the principle of conservation of flow. According to this principle, the total flow of blood through the capillaries and venules should remain constant.

The flow of blood can be calculated by multiplying the speed of blood (which increases by a factor of 4.00) by the cross-sectional area. Since the total flow of blood remains constant, we can write the equation:

Speed of blood in capillaries * Cross-sectional area of capillaries = Speed of blood in venules * Cross-sectional area of venules

Let's denote the speed of blood in the capillaries as v1, the cross-sectional area of the capillaries as A1, the speed of blood in the venules as v2, and the cross-sectional area of the venules as A2.

Using the equation above, we have:

\(v1 * A1 = v2 * A2\)

Since we know that the blood speed increases by a factor of 4.00, we can write:

\(v2 = 4 * v1\)

Substituting this into the equation, we have:

\(v1 * A1 = 4 * v1 * A2\)

Now, we can cancel out v1 from both sides of the equation:

\(A1 = 4 * A2\)

Therefore, the total cross-sectional area of the capillaries feeding these venules is 4 times the total cross-sectional area of the venules.

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What Minos should tell Rashad to convince him that organizing personal financial records is beneficial is: A It will be easier to manage daily business activities such as paying bills.

To convince her spouse of the importance of organizing personal financial records, Minos should tell Rashad that organization will help him to coordinate his daily business activities better.

He will not be at a loss of the whereabouts of his financial data.

Therefore, option A is right.

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Jeremy presented himself using the SPA technique, outlining his issue, his suggested remedy, and his appreciation.

A person who has received training to promote and defend the rights of others is an advocate. They are frequently attorneys, but they can also be non-attorney professionals like social workers, psychologists, or doctors. A person who speaks up on another person's behalf to ensure that their needs, rights, and interests are taken into consideration is known as an advocate.

They are in charge of analysing the law, conducting pertinent research, and making sure that their client's interests are represented in court or during other legal proceedings. In order to provide the voice of the oppressed a chance to be heard, advocacy is a crucial component of the judicial system. For individuals who believe they have no voice, advocates are frequently viewed as a ray of hope.

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The marginal revenue of the sixth seat is -$400.

Ultimately, the decision of whether to sell the sixth seat depends on a comprehensive evaluation of the associated costs and the potential revenue it can generate.

To determine the marginal revenue of the sixth seat, we need to compare the revenue generated from selling the sixth seat at a reduced price with the revenue generated from not selling the sixth seat at all.

Given that the Miami Heat can sell five courtside seats for $2,000 each or six seats for $1,600 each, let's calculate the revenue from these two scenarios.

Revenue from selling five seats at $2,000 each:

5 seats × $2,000 per seat = $10,000

Revenue from selling six seats at $1,600 each:

6 seats × $1,600 per seat = $9,600

The marginal revenue of the sixth seat is the difference in revenue between the two scenarios:

Marginal Revenue = Revenue from selling six seats - Revenue from selling five seats

= $9,600 - $10,000

= -$400

From the calculation, we can see that selling the sixth seat at a reduced price would result in a decrease in revenue by $400 compared to not selling the seat at all.

This indicates that the marginal revenue of the sixth seat is negative.

In such a case, the owner should not make the sixth seat available since it would result in a decrease in overall revenue.

Now, let's consider the scenario where all six seats can be sold for $1,800 each.

To evaluate the profitability of selling the sixth seat, we need to compare the revenue from selling all six seats at $1,800 each with the costs involved in selling the additional seat.

Revenue from selling six seats at $1,800 each:

6 seats × $1,800 per seat = $10,800

However, it's important to consider the costs associated with selling the additional seat.

These costs might include additional staff, services, and expenses related to accommodating the extra seat.

If the costs involved in selling the sixth seat are less than $400 (the difference in revenue from the previous scenario), then it would be worth selling the sixth seat.

However, if the costs exceed $400, it may not be financially viable to sell the additional seat.

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These reasons include:-

Answer:

In equity crowdfunding, people invest money in a company in exchange for the company’s shares

Explanation:

Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.

Startups and early-stage companies use this method to raise capital.

Answer:

toyota dealership

Explanation:

Answer:

Country A

Explanation:

Based on the data in the table, has the absolute advantage in producing petroleum is country A.

A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries.

Looking at the table, Country A, produces 16 units of pertroluem while Country B produces 8 units. Thus, Country A has an absolute advantage.

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The project has 20 activities and the critical path is identified by activity sequence 1-2-5-7-9-10-13-14-16-17-19-20. If the contractor completes the project in less than 30 work days, the contractor will receive a $5000 reward. The contractor has a 22.43% chance of receiving the reward.

We need to calculate the probability that the contractor completes the project in less than 30 days, given the SD value of 4.587. The first step is to determine the expected completion time (ET) and variance for each activity. Then, we will calculate the expected completion time and variance for each path, followed by the expected completion time and variance for the project completion. After that, we will calculate the standard deviation of the project completion time using the sum of variances of all critical path activities. Finally, we will calculate the probability that the project will be completed in less than 30 days, given the normal distribution assumption.
The expected time (ET) and variance for each activity can be calculated using the following formulas:
Expected time (ET) = (optimistic time + 4 * most likely time + pessimistic time) / 6Variance = [(pessimistic time - optimistic time) / 6]²
The ET and variance for all activities are summarized in the table below:
Activity Optimistic Time  Most Likely Time  Pessimistic Time  ET Variance
   1            5        7               11                      7                    0.444
   2       6        7               10               7.166                    0.250
   3          3        4               5               4                    0.111
   4          2        3               4               3                    0.111
   5          3        4               6               4                    0.444
   6          3        4               6               4                    0.444
   7          4        5               8               5.166                    0.694
   8          2        3               4               3                    0.111
   9          2        3               4               3                    0.111
  10          2        3               5               3.5                    0.444
  11          2        3               5               3.5                    0.444
  12          2        3               4               3                    0.111
  13          2        3               4               3                    0.111
  14          3        4               7               4.666            1.361
  15          2        3               5               3.5                    0.444
  16          2        3               5               3.5                    0.444
  17          3        5               7               5                    0.667
  18          2        3               4               3                    0.111
  19          2        3               5               3.5                    0.444
 20          3        4               5               4                    0.111

The expected time (ET) and variance for each path can be calculated by summing up the ET and variance values of all activities on the path. The critical path is identified by activity sequence 1-2-5-7-9-10-13-14-16-17-19-20, with an expected completion time of 43.332 days and a variance of 4.583.
The probability that the project will be completed in less than 30 days can be calculated using the following formula:
P(x less than 30) = P(Z < (30 - ET) / SD)
where Z is the standard normal random variable, ET is the expected completion time of the project, and SD is the standard deviation of the project completion time. Assuming a normal distribution, Z can be looked up in the standard normal distribution table. The value of (30 - ET) / SD is calculated as (30 - 43.332) / 2.142 = -6.220. Looking up the value of -6.220 in the standard normal distribution table gives a probability of 0.0000000001, which is approximately 0.
Therefore, the probability that the contractor completes the project in less than 30 workdays, and thus receives the $5000 reward, is P(x less than 30) = 0.

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Answer:

Mixed Economy

Explanation:

Hope this helps

Answer:

Waller Company

Comparison of Straight-line Depreciation and Declining Balance Methods

                                 Straight-line method          Declining balance method

Cost of equipment          $24,000                              $24,000

1st year depreciation exp.    1,860                                   2,760

Net book value                   22,140                                 21,240

2nd year depreciation exp.  1,860                                   2,371.50

Ner book value                  20,280                                18,868.50

Explanation:

a) Data and Calculations:

Cost of purchased equipment = $24,000

Duration of useful life = 10 years

Estimated salvage value = $5,400

Depreciable amount under the straight-line method = $18,600

Depreciation expense per year under the straight-line method = $1,860 ($18,600/10)

Under the declining balance method:

The depreciation rate = 10% * 150% = 15% per year

Depreciation expense for the first two years:

Year 1, 15% of $18,600 = $2,760

Year 2, 15% of ($18,600 - 2,760) = $2,371.50

Answer:

1. It will cause them confusion throughout the tax calculating process.

2. Using a single account will make it difficult to keep payroll records.

3. Keep track of your personal expenses and earnings.

Explanation:

1. It is preferable to establish a separate account to separate the firm's actual income and expenses.

2. Payroll expenses are indistinguishable from personal expenses.

3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.

The four Ps of Marketing is a product, price, place, and promotion. Thus, a lemonade ad should contain all four marketing strategies.

The ad for the lemonade stand will start with a bright yellow catchy brochure, intending the product, i.e, lemonade. The brochure will mention different types of lemonades one will be offering in their stand. The brochure will detail every content in great catchy fonts. Then the product brochure will have the list of prices added next to its menu of products.  

Along with the brochure, there will be SNS platforms promoting the product and there will be a launch for the disclosure of the place of the lemonade stand. The promotion of the product will be included in the local daily newspaper along with the distribution of brochures and on SNS sites.

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The merchandise copyright insurance is a policy that will not be considered as a risk management responsibility of the venue manager.

These are manager that basically oversee the activities, employees and business associated with a concert facility.

The event certificate of insurance, proper contract administration, and Emergency and crisis management planning will be considered as a risk management responsibility when they seek to minimize the risks in the event environment of their venue.

Therefore, the Option C is correct.

Missing options "Event certificate of insurance, Proper contract administration, Merchandise copyright insurance, Emergency and crisis management planning"

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Explanation:

Tourism is travel for pleasure or business; also the theory and practice of touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours.

Profession telated to tourism

1) Travel Agent. Travel Agents research, plan, and book trips for individuals and groups. ...

2) Hotel Manager. ...

3) Spa Manager. ...

4) Tour Operator. ...

5) Event & Conference Organiser. ...

6) Tour Guide. ...

7) Executive Chef. ...

8) Sommelier.

MARK AS BRAINLIST IF IT IS USEFUL

Answer:

Tourism comprises the activities of persons travelling to and staying in places outside their usual environment.

Examples of professions that are related to tourism are: Travel agent, hotel manager, SPA Manager, tour operator, tour guide, etc.

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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Answer:

Erosion is the wearing away of the Earth's surface.

One of the results of the Bretton woods system was that the U.S dollar became more valuable and influential.

Currency is a medium for exchange for goods and services. It is a form of legal tender approved by the government and accepted by all as a means of exchange.

The U.S dollar is a popular form of currency that is accepted by most countries as a form of exchange. After the Bretton Woods system was adopted, the U.S dollar became more influential and valuable to many.

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One burning problem impacting the Indian economy at large is the issue of unemployment. Using Simon's model of decision making, the choice and design phases can be developed to address this problem effectively.

The problem of unemployment in India poses a significant challenge to the country's economy. To tackle this issue using Simon's model of decision making, the choice and design phases can be structured as follows:

Choice Phase:

1. Identify the problem: Recognize and define the issue of unemployment in India, considering its impact on economic growth, social stability, and individual well-being.

2. Gather relevant information: Collect data and analyze the current state of unemployment in India. Examine factors contributing to unemployment, such as lack of skill development, inadequate job opportunities, and demographic trends.

3. Identify alternative solutions: Explore different approaches to address unemployment, such as promoting entrepreneurship, encouraging foreign direct investment, improving education and vocational training systems, and implementing labor market reforms.

4. Evaluate alternatives: Assess the feasibility, effectiveness, and potential consequences of each solution. Consider factors like cost, implementation challenges, sustainability, and alignment with long-term economic goals.

Design Phase:

1. Select the most viable solution: Based on the evaluation, choose the alternative that offers the best potential to reduce unemployment effectively. This could involve a combination of approaches, such as a multi-faceted policy framework.

2. Develop an implementation plan: Outline a detailed roadmap for executing the chosen solution. Define specific actions, timelines, responsibilities, and required resources. Consider collaboration with stakeholders, including government agencies, businesses, educational institutions, and civil society organizations.

3. Monitor and adapt: Establish mechanisms to monitor the progress of the implemented solution. Continuously evaluate its effectiveness and make necessary adjustments based on feedback, changing circumstances, and emerging trends.

By following Simon's decision-making model, policymakers and stakeholders can approach the issue of unemployment systematically, considering various alternatives and designing effective strategies to address this critical problem in the Indian economy.

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Answer: See explanation

Explanation:

In conflict resolution, the Interest-based Relational (IBR) approach is used to resolve conflict or issues while a personal relationship that is positive is still being maintained.

For the interest based relational approach, conflict is resolved through active listening and carefully analysing the issues involved. Such conflict is resolved by being non-confrontational and the point of view of everyone involved is listened to.

This may explain the price increase, as the decreased competition in the economics market could lead to an increase in price.

Economics market is an environment where buyers and sellers interact in order to exchange goods and services for money. It is the basis for the study of economics, which is the study of the production, distribution, and consumption of goods and services. Markets can be divided into different types depending on the nature of the product or service being exchanged. The two primary types of markets are the perfect competition market and the imperfect competition market. Perfect competition markets are those in which all buyers and sellers are equal and have access to the same information.

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