Ace - AI Tutor
Ask Our Educators
Textbooks
My Library
Flashcards
Scribe - AI Notes
Notes & Exams
Download App
Kay

Kay

Divider

Questions asked

INSTANT ANSWER

Question 1 [20 Marks] Background: You run a small bakery. You've been using a recipe binder and a notebook to track sales, but it has become cumbersome and confusing. You recently learned about Microsoft (MS) Access databases and want to showcase your new skills by creating a system to make your bakery more efficient. You have identified several entities from your research on the operations of the bakery shop and decided to include a customer, product, and sales table in your MS Access database. Required: Create a database in MS Access for the sales management system and upload a copy of the database on ColCampus. Rubric: Criteria Requirements Marks 1 The student created appropriate database tables with proper columns. 6 marks 2 At least five attributes in each table. 3 marks 3 Provide at least ten items in the inventory table and ten customers in the customer table 4 marks 4 Add an order column in the customer table and provide all customers with their own orders from the inventory table. 2 marks 5 In the Design View, ensure that the "Required" property for the order field is set to "Yes". 1 marks 6 The correct naming convention is used, and consistency is followed.

View Answer
divider
INSTANT ANSWER

a) Opening balances from the general ledger accounts of DTI in May 2024. Trade Receivables R 30000 Trade payables R 20000 Inventory R 25000 Day Details Debit (R) Credit (R) 1 Trade Receivable 1050 Sales 1050 Cost of Goods Sold 800 Inventory 800 2 Inventory 2000 Trade Payable 2000 Required: Post the above transactions from the general journal to the general ledger. (7 marks) b) Carole Stoke receives her April 6 2024, bank statement showing a balance of R910.55, her cash book balance is R1 002.85. The bank statement shows an ATM charge of R29.20, Overdraft fee of R33.50, earned interest of R2.55, and Carol’s R656.50 refund check which was processed by the SARS and deposited in her account. Carol has two checks that have not cleared-Number 115 for R672.95 and Number 116 for R230.60. There is also a deposit in transit for R1 952.65. Required: Prepare Carol’s bank reconciliation for the month of April 2024.

View Answer
divider
ANSWERED

Nick Johnson verified

Numerade educator

Explain the role of financial intermediaries in the economy

View Answer
divider
ANSWERED

Nick Johnson verified

Numerade educator

Differentiate between Temporary migrant workers and Commuters.

View Answer
divider
ANSWERED

Nick Johnson verified

Numerade educator

Identify the factors that make up the labour force.

View Answer
divider
ANSWERED

Nick Johnson verified

Numerade educator

The predicted relationship between hours of work and the wage rate is called the labour supply curve. The supply curve can take on various shapes such as a backward-bending and a totally inelastic supply of labour curve. Explain what makes these two cruves different.

View Answer
divider
ANSWERED

Nick Johnson verified

Numerade educator

Briefly describe five (5) pitfalls that can occur when calculating GDP.

View Answer
divider
ANSWERED

Andrew Davis verified

Numerade educator

Explain why Economists prefer using Real GDP as their preferred indicator as opposed to Nominal GDP.

View Answer
divider
ANSWERED

Tavis Lam verified

Numerade educator

GDP can be calculated with the use of various approaches. A common way is to use the income approach. Identify and describe any three (3) components that make up the income approach.

View Answer
divider
ANSWERED

Tavis Lam verified

Numerade educator

Thabo’s coffee shop operates in a perfectly competitive market and due to the COVID19 pandemic, the company is currently making an economic loss. Explain the process as to how Thabo’s coffee shop can attain a normal economic profit in the long run.

View Answer
divider