Classify wages as variable or fixed expenses. Calculate missing values in an income statement and determine profit/loss. Find ATM withdrawal costs and Capitec charges.

Welcome back SG😎 — been a while! Let's pick up where you left off. 3.2.1 Wages are generally considered variable expenses. Reason: Wages often fluctuate based on the amount of work required or the number of hours worked, which can change with the level of business activity or production. 3.2.2 Step 1: Calculate the missing value A (Donations). The total income is the sum of sales from chickens and donations. 25\,000 = 20\,000 + A A = 25\,000 - 20\,000 A = R5\,000 Step 2: Calculate the missing value B (Total Expenses). Total expenses are the sum of all individual expenses. B = 3\,000 + 7\,000 + 2\,500 B = R12\,500 Step 3: Calculate the missing value C (Profit / Loss). Profit/Loss is calculated as Total Income minus Total Expenses. C = Total Income - Total Expenses C = 25\,000 - 12\,500 C = R12\,500 Missing values: A = R5 000 B = R12 500 C = R12 500 3.2.3 Step 1: Determine profit or loss. Since the value of C (Profit / Loss) is positive (R12 500), they made a profit. They made a profit. 3.3.1 Step 1: Find the cost for a TymeBank ATM withdrawal of R1000 from the table. Locate the "TymeBank" column and the "ATM withdrawal of R1 000" row. Cost: R10,00 3.3.2 Step 1: Identify the charges for each transaction type for Capitec Global One. From the table for Capitec Global One: • Monthly Fee: R5,00 • ATM withdrawal of R1 000: R7,50 • Saswitch withdrawal of R1 000: R9,75 • Till withdrawal: R1,60 Step 2: Calculate the total cost for each type of transaction. • Monthly Fee: 1 × R5,00 = R5,00 • Three ATM withdrawals: 3 × R7,50 = R22,50 • Two Saswitch withdrawals: 2 × R9,75 = R19,50 • Four Till withdrawals: 4 × R1,60 = R6,40 Step 3: Sum all the charges to find the total monthly bank charges. Total Charges = R5,00 + R22,50 + R19,50 + R6,40 Total Charges = R53,40 Total monthly bank charges: R53,40 Drop the next question!