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Analyze the provided Telkom invoice and answer the following questions: a) Identify the sender and type of document. b) State the account holder's name. c) What is the invoice date? d) What was the op

Business/Management

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Answers

2 parts
h

R654.87\text{R654.87}

h(i)

R91.68\text{R91.68}

R746.55\text{R746.55}

Step-by-step solution

6 steps

Here are the answers to question 3 based on the Telkom invoice:

Part a

This is a telecommunications/telephone bill sent by *Telkom

Part b

The name of the account holder is *Mr J Mabena

Part c

The invoice date is *2011-10-18

Part d

The opening balance (previous balance) is *R120.00

Part e

The closing balance (total due) is *R746.55

Part f

The opening balance is not R0.00 because there was an outstanding amount of R120.00 from the previous billing period.

Part g(i)

The amount for rental is *R270.00

Part g(ii)

The amount for usage is *R384.87

Part h

R654.87\text{R654.87}

  1. Identify the components of the subtotal.

    The subtotal is the sum of total rental and total usage.

  2. Calculate the subtotal.

    Subtotal=Total rental+Total usage\text{Subtotal} = \text{Total rental} + \text{Total usage} Subtotal=R270.00+R384.87\text{Subtotal} = \text{R270.00} + \text{R384.87} Subtotal=R654.87\text{Subtotal} = \boxed{\text{R654.87}}

Part h(i)

R91.68\text{R91.68}

  1. Identify the VAT rate and the amount it applies to.

    VAT is 14% of the subtotal (R654.87).

  2. Calculate the VAT amount.

    VAT=14%×Subtotal\text{VAT} = 14\% \times \text{Subtotal} VAT=0.14×R654.87\text{VAT} = 0.14 \times \text{R654.87} VAT=R91.68\text{VAT} = \boxed{\text{R91.68}}

    j)

  3. Identify the components of the total amount.

    The total amount is the sum of the subtotal (excluding VAT) and the VAT amount.

  4. Calculate the total amount.

    Total=Subtotal (excluding VAT)+VAT\text{Total} = \text{Subtotal (excluding VAT)} + \text{VAT} Total=R654.87+R91.68\text{Total} = \text{R654.87} + \text{R91.68} Total=R746.55\text{Total} = \boxed{\text{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.

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