FIN2601 ASSIGNMENT 1 SEMESTER 1 2025 – FULLY ANSWERED

Description

FIN2601 Assignment 1 Semester 1 Memo | Due 17 April 2025. All questions answered.

QUESTION 1 [18 MARKS]
Read the information provided and then answer the questions that follow. Indicate all the steps in your calculations — it is NOT enough to provide only a final answer. Jungle Build Projects is a relatively young civil engineering company based in Rustenburg, North West. A month ago, Sherman Alexander Hemsley was appointed as the financial manager of the company. He received the company’s yearly financial statistics and was requested to prepare a report on the Success Of the business. The report must be submitted to management. Extract from the statement of comprehensive income for 31 December 2024 2023 800 OOO R4 600 OOO Gross profit RI 200 OOO RI 400 OOO Administrative expenses …All questions answered.