This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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Welcome back ♥️🔥MaMthiyane❤️🫀 — been a while! Let's pick up where you left off. Here are the answers to question 3 based on the Telkom invoice: a) This is a telecommunications/telephone bill sent by Telkom. b) The name of the account holder is Mr J Mabena. c) The invoice date is 2011-10-18. d) The opening balance (previous balance) is R120.00. e) The closing balance (total due) is R746.55. f) The opening balance is not R0.00 because there was an outstanding amount of R120.00 from the previous billing period. g) i) The amount for rental is R270.00. ii) The amount for usage is R384.87. h) Step 1: Identify the components of the subtotal. The subtotal is the sum of total rental and total usage. Step 2: Calculate the subtotal. Subtotal = Total rental + Total usage Subtotal = R270.00 + R384.87 Subtotal = R654.87 i) Step 1: Identify the VAT rate and the amount it applies to. VAT is 14% of the subtotal (R654.87). Step 2: Calculate the VAT amount. VAT = 14\% × Subtotal VAT = 0.14 × R654.87 VAT = R91.68 j) Step 1: Identify the components of the total amount. The total amount is the sum of the subtotal (excluding VAT) and the VAT amount. Step 2: Calculate the total amount. Total = Subtotal (excluding VAT) + VAT Total = R654.87 + R91.68 Total = R746.55 k) The amount carried forward to this invoice (Balance brought forward) is R0.00 because the previous balance of R120.00 was fully paid by the payment received. l) The amount due is R746.55. m) The last day for payment of the bill (due date) was 2011-11-07. Send me the next one 📸