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VERSTAND VAN FINANSIËLE INLIGTING Jy word voorsien van inligting met betrekking tot Qumbu Bpk - NSC Accounting - Question 3 - 2023 - Paper 1
Question 3
VERSTAND VAN FINANSIËLE INLIGTING Jy word voorsien van inligting met betrekking tot Qumbu Bpk. vir die jaar geëindig 28 Februarie 2023. GEVRA: LET WEL: Verskaf fi... show full transcript
Worked Solution & Example Answer:VERSTAND VAN FINANSIËLE INLIGTING Jy word voorsien van inligting met betrekking tot Qumbu Bpk - NSC Accounting - Question 3 - 2023 - Paper 1
Step 1
3.1 Likiditeit
Answer
In assessing the liquidity of Qumbu Bpk, two financial indicators can be evaluated:
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Current Ratio: The current ratio indicates the ability of a company to cover its short-term liabilities with its short-term assets. A higher ratio typically signifies better liquidity. For Qumbu Bpk, the current ratio is calculated as:
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Quick Ratio: This ratio is more stringent than the current ratio as it excludes inventory from current assets. It reflects the company's ability to meet short-term obligations without relying on the sale of inventory:
Both ratios should ideally be greater than 1, indicating that the company is managing liquidity efficiently.
Step 2
3.2 % aandelehouding
Answer
To determine the total number of additional shares purchased by Denise Taylor, we can use the following calculation:
- Initial shares owned: 540,000
- Percentage increase to obtain: 3% of total shares as of February 28, 2023.
- Total shares on February 28, 2023: 1,500,000
Thus, the calculation:
Calculating this gives:
Step 3
Gee EEN moontlike rede waarom Denise voorgestel het om die eredividendhandselsbeurs te word.
Answer
One possible reason Denise proposed to utilize the dividend trading system is to enhance liquidity options for the shareholders. By trading dividends, shareholders can quickly convert their dividend returns into cash, improving their financial flexibility. This mechanism may also attract more investors to the stock by presenting additional opportunities to gain returns.
Step 4
3.3.1 Die Kontantvloei-toestand
Answer
In 2023, the management proposed to allocate R350,000 for working capital, increasing it compared to R250,000 in 2022. This suggests that the management is aiming to strengthen their cash position this year for operational needs. Additionally, they projected a reduction in outstanding loans from R800,000 to R500,000, reflecting a more conservative approach to financial management.
Step 5
3.4.1 Sekere aandeelhouers het hulle kommer uitgespreek
Answer
The concerns from certain shareholders about the dividend policy changes can be clarified through two main points:
- Impact on Shareholder Value: Changes in the dividend payout ratio might diminish the share value due to reduced cash distributions.
- Investment Attraction: If higher dividends are reduced without a clear plan, investors may re-assess their investments, impacting long-term company growth.
Step 6
3.4.2 Verduidelik of die aandeelhouers met die tendens in die % opbrengs en verdienste
Answer
To analyze the trends in earnings yield and return on equity:
- An increase or decrease in return on equity (% ROE) can indicate how efficiently a company uses its equity base to generate income.
- If the earnings yield (which compares earnings per share to the market price) decreases, it may discourage investment interest. Given that these indicators should align positively, stakeholders may reassess their confidence in the company's management.