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.
ScanSolve AI Answer
Here are the answers to Question 3 and Question 4. QUESTION 3 Here are Thabang's SMART goals for Entrepreneur's Day: Specific: To sell 50 cupcakes and achieve a profit. Measurable: To sell 50 cupcakes and make a profit of R150. Attainable: Selling 50 cupcakes at a school event is a realistic target, and a R150 profit is achievable with proper pricing. Realistic: Selling cupcakes is a relevant and common business activity for Entrepreneur's Day. Time-bound: To achieve these sales and profit targets by the end of Entrepreneur's Day in August 2026. QUESTION 4 Here is Masemola's budget for Entrepreneur's Day: Step 1: Calculate Total Income Masemola plans to sell 100 cupcakes at R4 each. Total Income = Number of cupcakes × Selling price per cupcake Total Income = 100 × R4 = R400 Step 2: Calculate Total Expenses Masemola has several costs: Cost of cupcakes: 100 cupcakes × R2/cupcake = R200 Transport to bakery: R20 Packaging boxes: 15 boxes × R1/box = R15 Trading license: R20 Stall rental: R25 Advertising leaflets: R30 Total Expenses = R200 + R20 + R15 + R20 + R25 + R30 Total Expenses = R310 Step 3: Calculate Net Profit The net profit is the total income minus the total expenses. Net Profit = Total Income - Total Expenses Net Profit = R400 - R310 = R90 Masemola's Budget Summary: Total Income: R400 Total Expenses: R310 Net Profit: R90 The R400 donation from his uncle is initial capital to start the business, not part of the income generated from sales. That's 2 down. 3 left today — send the next one.