Name: MAC3703 Assignment 2 Semester 1 Memo | Due 30 April 2025 - StudyPass
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MAC3703 Assignment 2 Semester 1 Memo | Due 30 April 2025. Step by Step Calculations Done.

QUESTION 1 (20 marks) Calendar Ltd (“Calendar”) is a South African company in a paper industry. It manufactures and distributes paper to government department. Mr Cut the company CEO has requested that the management accountant to measure the company performance using earnings per share. Calendar’s financial year end is 31 December. 1. Profit before taxation for current year is R10 000. Calendar had 50 000 ordinary shares in issue on 31 December 2019 while the authorised share capital consisted of 100 000 ordinary shares. 2. On 1 March 2020 Calendar had a right issue of one ordinary share for every 5 ordinary ……….ALL QUESTIONS ARE ANSWERED!