Bongiwe received her levy statement of account from Rango Property Specialist for her rented unit. ANNEXURE A shows her adapted statement of account. Use ANNEXURE A to answer the questions that follow. 2.1.1 Write down the reference number that Bongiwe must use when she pays her account. 2.1.2 Give ONE reason why reference numbers are used when making payments. 2.1.3 Calculate the missing value A, which has been omitted from the statement. 2.1.4 The total amount due for this invoice is R2 340,73, including 15% VAT. 2.1.5 Calculate the total amount due, excluding VAT. 2.1.6 Calculate (rounded to TWO decimal places) the standard levy for June 2021 as a percentage of the amount due on the statement. 2.1.7 Blueberry Gardens have 49 units in total. Calculate the total amount collected by the body corporate if all 49 units paid their levy CSOS on 1 July 2021. 2.1.8 The Blueberry Gardens body corporate increased the standard levy by 6,45% from 1 August 2021. Calculate the new standard levy after the increase.

NSC Mathematical Literacy Budgets, income and expenditure statements: Bongiwe received her levy statem

Bongiwe received her levy statement of account from Rango Property Specialist for her rented unit - NSC Mathematical Literacy - Question 2 - 2022 - Paper 1

Question 2

Bongiwe received her levy statement of account from Rango Property Specialist for her rented unit. ANNEXURE A shows her adapted statement of account. Use ANNEXURE ... show full transcript

Worked Solution & Example Answer:Bongiwe received her levy statement of account from Rango Property Specialist for her rented unit - NSC Mathematical Literacy - Question 2 - 2022 - Paper 1

Step 1

2.1.1 Write down the reference number that Bongiwe must use when she pays her account.

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Answer

The reference number Bongiwe must use is BGD 016.

Step 2

2.1.2 Give ONE reason why reference numbers are used when making payments.

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Answer

Reference numbers are used to easily identify payments and ensure that they are correctly allocated to the appropriate accounts.

Step 3

2.1.3 Calculate the missing value A, which has been omitted from the statement.

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Answer

To find the missing value A, we can analyze the total. If we know the total amount due including VAT is R2 340,73 and the VAT rate is 15%, the formula will be: $A = R2 340,73 - (R2 340,73 \div 1.15) = R2 340,73 - R2 035,42 = R305.31$

Step 4

2.1.4 The total amount due for this invoice is R2 340,73, including 15% VAT.

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Answer

The amount excluding VAT can be calculated by dividing the total by 1.15: $\text{Total excluding VAT} = \frac{R2 340,73}{1.15} = R2 035,42.$

Step 5

2.1.5 Calculate the total amount due, excluding VAT.

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Answer

The total amount due excluding VAT is R2 035,42.

Step 6

2.1.6 Calculate (rounded to TWO decimal places) the standard levy for June 2021 as a percentage of the amount due on the statement.

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Answer

To calculate the standard levy for June 2021, we need the standard levy amount. Assuming it is R1 498,63, the percentage would be: $\text{Percentage} = \left(\frac{R1 498,63}{R2 340,73}\right) \times 100 \approx 64,02\%$ .

Step 7

2.1.7 Calculate the total amount collected by the body corporate if all 49 units paid their levy CSOS on 1 July 2021.

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Answer

If each unit pays R30,90 for the levy, the total amount collected is: $$\text{Total} = 49 \times R30,90 = R1 514,10.$$$

Step 8

2.1.8 Calculate the new standard levy after the increase.

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Answer

The new standard levy after the increase of 6.45% is calculated as follows: $$\text{New levy} = R1 498,63 \times 1.0645 = R1 595,29.$$$

Bongiwe received her levy statement of account from Rango Property Specialist for her rented unit - NSC Mathematical Literacy - Question 2 - 2022 - Paper 1

Worked Solution & Example Answer:Bongiwe received her levy statement of account from Rango Property Specialist for her rented unit - NSC Mathematical Literacy - Question 2 - 2022 - Paper 1

2.1.1 Write down the reference number that Bongiwe must use when she pays her account.

2.1.2 Give ONE reason why reference numbers are used when making payments.

2.1.3 Calculate the missing value A, which has been omitted from the statement.

2.1.4 The total amount due for this invoice is R2 340,73, including 15% VAT.

2.1.5 Calculate the total amount due, excluding VAT.

2.1.6 Calculate (rounded to TWO decimal places) the standard levy for June 2021 as a percentage of the amount due on the statement.

2.1.7 Calculate the total amount collected by the body corporate if all 49 units paid their levy CSOS on 1 July 2021.

2.1.8 Calculate the new standard levy after the increase.

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