Calculate Shares in Issue and Ordinary Share Capital
This economics question tests your understanding of economic models and analysis. The step-by-step answer below applies the relevant framework and explains the reasoning.
ScanSolve AI Answer
Here are the calculations and the report on equity, dividends, retained earnings, liability to SARS, and distribution of profits for Alice Digital Ltd. for the year ended 28 February 2025.
Step 1: Calculate Shares in Issue and Ordinary Share Capital
Shares in issue at 1 March 2024:
$$2,000,000 \text{ shares (authorised)} \times 60\% = 1,200,000 \text{ shares}$$
Value of Ordinary Share Capital at 1 March 2024:
$$1,200,000 \text{ shares} \times \text{R}10.00
