This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
To answer your questions, I will use the financial information provided in our previous conversation for Alice Digital Ltd. for the year ended 28 February 2025. 2.1 Calculate the Average price of shares on the 1 December 2024 Step 1: Calculate total shares in issue by 1 December 2024 Shares in issue at 1 March 2024: 1,200,000 shares Shares issued on 1 September 2024: 200,000 shares Total shares in issue by 1 December 2024: 1,200,000 shares + 200,000 shares = 1,400,000 shares Step 2: Calculate total value of shares in issue by 1 December 2024 Value of shares at 1 March 2024: 1,200,000 shares × R10.00/share = R12,000,000 Value of shares issued on 1 September 2024: 200,000 shares × R12.00/share = R2,400,000 Total value of shares in issue by 1 December 2024: R12,000,000 + R2,400,000 = R