#### Financial documents, tariffs, accounts.

1.   A certain Municipality has the following tariff system for calculating the charge for the
sale of household water. [ The consumption is determined by rounding up the reading to the
next whole number kl consumed. Thus, 7,5 kl is rounded up to 8 kl ]:

 From (kl) To (kl) Tariff per kiloliter (R) From (kl) To (kl) Tariff per kiloliter (R) 0 kl 6,00 kl free 6,01 29,99 R2,00 30,00 kl 49,99 kl R2,40 50,00 79,99 R3,50 80,00 kl 99,99 kl R4,50 100,00 and more R7,80
1.1
A household uses 8 kl of water.
1.1.1
Wht is the tariff for this consumption?
1.1.2
What is the amount payable? Show all your calculations.
1.2
The consumtion for the month is 49,12 kl. Calculate the amount payable. Show all your
calculations.
1.3
An account for R135,65 is rendered for a consumption of 55 kl. Test the correctness of
the account. Show all your calculations.
2.
Jack draws up the following budget :

 Income (R) Expenses (R) Salary 7 600 Rent 2 800 Food 1 900 Clothes 600 Instalment - motor car 1 300 Maintance motor car 820 Entertainment 600 Saving Scheme 500 Total 7 600 Total
2.1
Determine Jack's total expenses. Can he afford all his expenses?
2.2
Suppose that he saves nothing. Does his budget balance? What else can he do to
balance his budget?
2.3
He decides to save R300. What can he do to balance his budget?
3.
Peter draws up the following budget :

 Income (R) Expenses (R) Salary 17 000 Instalment on house 6 800 Instalment on motor car 2 100 Instalment on 2nd car 1 000 Maintenance - motor cars 1 000 Food 3 200 Clothes 1 320 Children's school expenses 1 680 Entertainment 800 Saving plan 400 Total 17 000 Total
3.1
Determine Peter's total expenses. Can he afford all his expenses?
3.2
Suppose that hr saves nothing. Does his budget now balance? What more can he do to
balance his budget?
3.3
He decides to save R300. What can he do to balance his budget?
4.
Study the following account from XYZ Municipality.
4.1
Write down the phone number

of the Municipality.
4.2
Write down the postal address

of the Municipality.
4.3
What is the date on which
the account was issued?
4.4
What is the last date on which the
account can be settled without
incurring interest?
4.5
The amount "Payment received" is shown
shown as a negative amount.
Explain.
4.6
Is the consumption of water and
electricity correct? Show all
your calculations.
4.7
Is the amount payable for water
correct? Show all your
calculations.
4.8
Are there any other mistakes?
Show your calculations.
4.9
Confirm that in this case
property tax is levied at 1,6%.
XYZ Municipality
 13 Wandering Street       P. O. Box 34       Phone: 001 968 0001 Hereweare                     Hereweare           Fax: 001 968 0002 001908                          001908
 Mr. JS Pimpleroy                             Account : March 2016 P. O. Box 31                                   Date : 28/03/2016 Hereweare                                       Settle before 14 / 04 / 2016 001908                                            Account number : 10416
Description Charge Amount VAT Amount
Brought forward          639,45
Payment received          -639,45
Water 35 43,75 49,88 93,63
Electricity 288 478,08 66,93 545,10
Refuse removal    50,00 7,00 57,00
Sewage 35 70,00 9,80 79,80
Annual levy          410,12
Amount due    572,53 133,61 1 185,65

Meter readings Property information
Type Previous Current Stand 0236
Water 1206 1241 Size (ha) 0,1
Electricity 80136 80324 Value 350 000
Annual levy 4 921,44

Notes : 1. Water rate : R1,10 /kiloliter - firs 6 kiloliter free
2. Electricity rate : R1,45 / unit
3. Interest at 15% p.a. ia added on late payments and
overdue accounts.
5.
Study the bank statement of a savings account.
5.1
When was the invoice dated and
what is the number of the invoice?
5.2
Why are commas and full stops
used in the amounts and what
does it mean?
5.3
What is the interest rate
for this account?
5.4
Calculate the interest earned.
5.5
What is the meaning of
"Interest capitalized"?
5.6
What is the Balance after the
entry "Interest capitalized"?
5.7
Explain the use of a
negative sign after the amounts
in the Debits column.
5.8
What is the Balance on April, 30?
Our Newbank
 P. O. Box 21     Phone: 888 968 0001      May 2, 2005 Runaway           Fax: 888 968 0002         Statement number : 51 081908
 Miss S. Marais P. O. Box 18 Runaway 081908
Bank statement / Tax invoice
SaveNow                               Account number : 12300075

Details Date Debits Credits Balance
Brought forward          1,986.32
Interest capitalized
Transfer to account 223001021 04:18 800.00-    1,187.98
Service fees 04:30 19:20-    1,168.78
 Rate as on April 1, 2005 0.00  −  1,999.00    1%          2,000.00  −  3,999.00    2% 4,000.00  −  5,999.00    2.25%     6,000.00  −  9,999.00    2.5% 10,000.00  − 49,999.00    3%       50,000.00   and more      3,5% Interest is compounded monthly.

Please check all entries and report any differences
6.
Study the following statement from a current account.
6.1
What is the date and the number
of the invoice?
6.2
Why is the balance brought
forward shown with a
negative sign?
6.3
Why do the amounts shown in the
Debits column have a negative
sign?
6.4
Calculate the Balance after ABC
Services have paid the salary.
What and why is the sign
of the Balance?
6.5
Calculate the Balance on 04:05.
Explain your answer.
6.6
Calculate the Balance on 04:06.
6.7
Calculate the Balance on 04:18
6.8
Calculate the Balance on 04:29
6.9
Calculate the interest on the
overdrawn account.
6.10
Calculate the Balance on 04:30
Our Newbank
 P. O. Box 21     Phone: 888 968 0001     May 2, 2005 Runaway           Fax: 888 968 0002        Statement number : 251 081908
 Miss S. Marais P. O. Box 18 Runaway 081908
Bank statement / Tax invoice
VeryEasy                          Account number : 223001021

Details Date Debits Credits Balance
Brought forward          3,814.21−
ABC Services - salary 04.01    7,420.00
Premium - life insurance 04.01 421.00−    3,184.79
Premium - insurance 04.01 318.75−    2,866.04
SafetyFirst 04.01 216.00−    2,648.04
Our Newbank - instalment on motor car 04.02 1,850.00−    798.04
WorkAsATeam Service Station 04.05 821.00−
EasyBuy 04.06 2,430.25−
Cash withdrawn 04.10 900.00−    3,353.21−
WorkAsATeam Service Station 04.12 212.00−    3,565.21−
Transfer from Account 12300075 04:18    800.00
EasyBuy 04.26 1,660.55−
Service Fees 04:30 99:00−    4,524.76−
Interest - overdrawn account 04:30
 Rates as on April 1, 2005 Interest is added to overdrawn accounts at a rate of 13,5% p.a. and is compounded monthly.

Please check all entries and report any differences.
7.
Study the following till slip.
7.1
How many items were bought?
7.2
How many plastic carry bags were bought?
7.3
What is the volume of the bags?
7.4
How many items that are VAT free
were bought?
7.5
What is the value of the items in 7.4?
7.6
What is the value of the items
on which VAT is paid?
7.7
Which packaging of eggs is the
cheaper - the 18 eggs per pack
or the 6 eggs per pack?
Show all your calcuations.
7.8
What is the price of yellow peaches per kilogram?
Cheapest Shop
Beet Waters
Phone : 000 010 0203
Cashier: Melissa Brown

 APPLES RED 17.99 # APPLE VINEGAR 375 ml 12.79 RAISINS CHOICE GRADE 18.90 SWEETCORN WHOLE KERNEL 2 @ 10.99 21.98 SWEETCORN CREAM STYLE 2 @ 11.99 23.98 FRUIT JUICE BERRIES 14.99 TUNA IN BRINE 2 @ 15.99 31.98 PEACHES YELLOW 0.96 KG 34.56 # CARROTS LOOSE 0.75 KG 11.24 # POTATOES SMALL 0.6 KG 6.00 # EGGS LARGE 18 PACK 29.99 # EGGS LARGE 6 PACK 9.99 # NESTLE KIT KAT 19.99 CARRY BAGS PLASTIC 24 l 4 @ 0.46 1.84 BALANCE DUE   VAT INCLUDED 256.22 NUMBER OF ITEMS 20 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - VAT INCLUDED 17.98 # VAT FREE, ZERO RATED
8.
The accompanying graph shows the monthly
cost of calls made from a cell phone.
8.1
Why does the graph start in
the origin, the point (0 ; 0)?
8.2
Is cost directly proportional to time?
Explain your answer.
8.3
Estimate the following values :
8.3.1
cost if time = 100 minutes.
8.3.2
time if cost = R100
8.3.3
cost if time = 150 minutes.
8.3.4
time if cost = R180
8.4
Calculate the cost per minute if it is given that the cost = R200 if time = 250 minutes.
8.5
Use the result in 8.4 to check your answers in 8.3.
9.
A cellphone company has a contract where the cost is R0,50 per minute.
9.1
Complete the following table:
 Time (minutes) 0 10 50 200 250 300 400 Cost (R)
9.2
Is cost directly proportional to time? Give a reason. What shape will the graph that
represents the data have?
9.3
Draw a graph to represent the data.
9.4
Use the letters A, B, C and D to mark the points where you will make the following
readings. Write down the value that you have read.
9.4.1
cost if time = 100 minutes [ A ]
9.4.2
time if cost = R100 [ B ]
9.4.3
cost if time = 150 minutes [ C ]
9.4.4
time if cost = R125 [ D ]
9.5
The company now increases the cost to R0,75 per minute. How must you change your graph to show the new cost? Now draw on the same system of axes the graph that represents the cost at R0,75.
10.
The accompanying graph represents the
cost of a cell phone contract.
10.1
Where does the graph start?
Give a reason for your answer.
10.2
Estimate the following values :
10.2.1
cost if time = 100 minutes.
10.2.2
time if cost = R100
10.2.3
cost if time = 150 minutes.
10.2.4
time if cost = R178
10.3
Calculate the cost per minute if it is given
that the cost = R150 if time = 250 minutes.
10.4
Use the result in 10.3 to check your answers in 10.2.
11.
The accompanying graph represents the cost
of a cell phone contract.
11.1
Where does the graph start?
Give a reason for your answer.
11.2
Explain the form of the graph from A to B.
11.3
Explain the form of the graph from B to C.
11.4
Estimate the following values :
11.4.1
cost if time = 80 minutes.
11.4.2
time if cost = R80
11.4.3
cost if time = 250 minutes.
11.4.4
time if cost = R175
11.5
Calculate the cost per minute if it is given that the coste = R200 of time = 400 minutes.
11.6
Use the result in 11.5 to check your answers in 11.4.

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