This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Here are the solutions to Question 1: 1.1.1 Step 1: Calculate the total budgeted expenses. Total Expenses = 21850 + 7500 + 3150 + 4200 + 1800 + 2500 = R 41000 Step 2: Since income balances expenses, the total income is R 41 000. Set up the equation for total income and solve for A. Total Income = Sponsorship from Sports World + Sponsorship from Netballers + A + Club contribution 41000 = 15000 + 10000 + A + 4000 41000 = 29000 + A A = 41000 - 29000 A = R 12000 1.1.2 Step 1: Calculate the new sponsorship from Sports World. New Sports World Sponsorship = (15000)/(2) = R 7500 Step 2: Calculate the new sponsorship from Netballers. New Netballers Sponsorship = 10000 × (1 - 0.15) = 10000 × 0.85 = R 8500 Step 3: Determine the total expected income from sponsorships. Total Expected Sponsorship Income = 7500 + 8500 = R 16000 1.1.3 a) Explain what this means. A variance of -R1 250 for transport means that the actual transport cost was R1 250 less than the budgeted transport cost. b) Calculate the actual transport cost. Actual Transport Cost = Budgeted Transport Cost + Variance Actual Transport Cost = 21850 + (-1250) Actual Transport Cost = 21850 - 1250 = R 20600 That's 2 down. 3 left today — send the next one.