You must complete the classroom activities whilst facilitation is taking place. The facilitator may stop at regular intervals to give you time to complete the activities.
Please complete all work in blue or black pen. The assessor will not assess the evidence if completed in pencil.
You are not allowed to copy from another learner. Any plagiarism committed will be viewed in a serious light and disciplinary action may be taken against you. Your work must be authentic i.e. your own work. Group work is allowed in certain activities but your answers must be your own original work after discussions in the group.
You must sign the declaration contained in the assessment preparation and planning document declaring that all work is your own. If you so not sign this declaration, the assessor will not proceed with assessment and your results will be delayed.
Please do not use any correction fluid i.e. tippex. Rather cross your work out and write next to your mistakes.
The proficiency level required for each unit standard in the cluster is 50% per specific outcome per unit standard. If you are deemed Not Yet Competent in a unit standard, you will only be required to redo (remediate those sections in that unit standard.
Any remediation must be submitted within 30 working days after you gave received feedback
If you have achieved any unit standards in this skills programme via another provider, please neatly draw a line through the section and indicate that a certified certificate has been submitted and is included in your administration section.
Complete Section A and Section B.
2 Assessment Process Flow
C Assessment Plan Observation
Assessment Plan Observation A agreed by candidate Knowledge conducted as per agreed by candidate Knowledge conducted as per N & completed by the Questionnaire the Assessment & completed by the Questionnaire the Assessment D assessor before the conducted as per the Plan assessor before the conducted as per the Plan I actual assessment Assessment Plan actual assessment Assessment Plan D A T E A S Portfolio of Portfolio of Portfolio of S Evidence Portfolio of A detailed Assessor Evidence Evidence A detailed Assessor E submitted to the Evidence Report compiled & submitted to the compiled as per Report compiled & S training provider compiled as per forwarded for training provider the Assessment forwarded for S as per the the Assessment Moderation as per the Plan Moderation M Assessment Plan Plan Assessment Plan E N T
Feedback Report Feedback Report Completed by Appeal Assessment Assessment Completed by Assessor & Appealform form Record Results Assessor & individual completed completedby by Recordofof Results individual Learning the the candidateinin Moderated feedback given to candidate Learning Moderated feedback given to Updated the the candidate the candidate theevent eventofof Updated dispute dispute
Completed CompletedAssessor Assessor S All Allrecords records&& Action Report Report / ModeratorReport / Moderator Report/ / E ActionPlan Plan evidence Completed Record RecordofofLearning Learning T evidence Completedbyby filed Assessor A filed Assessor
Certificate of Register Certificate of Register Competencies candidates on the Approval candidates on the Approval&& Competencies issued to Learner Record Learner Record Certification issued to Database Certification successful Database obtained successful obtained candidates candidates
3 Page 1 of 9 Question 1 (SO 2, AC 1, AC 3, AC 4)
I. Two investments of R1 000 000 each are made on the same day for exactly one year. The interest on one investment is simple interest rate of 10% p.a. and the other at a compound interest rate of 10%p.a. calculates the difference between the interests received in the two investments at the end of the year. (4)
II. Nina wants to have an amount of R800 000 available in 4 years’ time. Calculate the amount Nina will have to invest at the beginning of each year, from today, to provide for that amount. (NB Use the compound interest tables provided or work to three decimal places only.) (2)
III. What is the present value of R13 000 p.a. invested at the beginning of each year for 8years at 10%p.a. compound interest? (NB Use the compound interest tables provided or work to three decimal places only.) (3)
Question 2 (SO 1, AC 1) James intends to invest some of his money for future use. Identify financial instruments that he can use for the investment. (5)
Page 2 of 9 Question 3 (SO 2, AC 4)
You apply for a mortgage loan of R400 000 to buy a house. The bank grants you the full loan amount of R400 000 at an interest rate of 1% per month, to be paid off over a term of 20 years. It will be very useful for your financial planning to be aware of the following: I. What is your monthly repayment? (2) II. What is the total interest paid by you over the 20-year period? (3) III. What would you have to pay each month to pay off the mortgage loan in 15 years (2) IV. What is the total interest paid by you over the 15-year period? (3) V. How much interest do you save by paying over 15 years rather than 20 years? (2)
Question 4 (SO 3, AC 1, AC 2) A manufacturer determines that the demand function for her products is
Where x is the demand for product at a given price, p. The cost of producing x products is given by the following cost function:
Determine the marginal cost, and marginal revenue at x = 100 products. (6)
Question 5 (SO 4; AC1, AC3)
For each of the following events show how it enters the balance of payments of SA, it does. Remember that every transaction enters both on credit and debit side such that both sides are exactly equal in the end. The RSA reserve bank receives $12 m in fee for financial services provided to USA customers. The RSA reserve bank withdraws $3m to pay for royalties to UK manufacturers. A multinational company in SA buys 10 000 graders worth $10m. An immigrant from Zimbabwe working in SA transfers R20 000 to his family in Zimbabwe. South African Resource Company buys a mine in Botswana for $100m. A French investor living in SA receives dividends worth $5m. A South African living in Canada sends $200 000 to his family to build a house. An investor based in Angola injects $100m to buy shares in a local private company.
Use the template below
Page 3 of 9 Fictive annual estimates Balance of payments items (millions of dollars)
Current account
Receipts
Goods and services
Investment income
Current transfers
Payments
Goods and services
Investment income
Current transfers
Balances
Goods and services
Investment income
Current transfers
Capital account
Financial account
South African assets, net flows
Canadian direct investment abroad
Portfolio investment
Other investment
South African liabilities, net flows
Foreign direct investment in South Africa
Portfolio investment
Other investment
Total capital and financial accounts, net flow
Statistical discrepancy
In the capital and financial account, a minus sign denotes an outflow of capital resulting from an increase in claims on non-residents or a decrease in liabilities to non-residents.
Question 6 (SO 3, AC 4) Page 4 of 9 Identify and discuss methods that your organisation can use to control costs and optimize profits. (6)
