Sibasa Traders sells different product streams. Not all product streams were profitable during the 2021 financial year. At 31 August 2021, the financial year-end of Sibasa Traders, the following information was obtained from the entity’s accounting records:   R Net sales: Laptops          788 313 Net sales: Tablets          600 929 Net sales: Games          325 232 Cost of sales: Laptops          529 296 Cost of sales: Tablets          692 589 Cost of sales: Games          259 017 Interest received            14 358 Settlement discount received: Laptops            15 766 Settlement discount received: Tablets            19 426 Settlement discount received: Games 15 630 Insurance 14 077 Rent paid            16 892                     Calculate the gross profit/loss on the Games product line for the year ended 31 August 2021. NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72) 3. If the total amount calculated is a loss, please enter the amount as a negative (eg: -12141.72), if the amount calculated is a profit, please enter the amount as a positive (eg: 12141.72)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sibasa Traders sells different product streams. Not all product streams were profitable during the 2021 financial year. At 31 August 2021, the financial year-end of Sibasa Traders, the following information was obtained from the entity’s accounting records:

 

R

Net sales: Laptops

         788 313

Net sales: Tablets

         600 929

Net sales: Games

         325 232

Cost of sales: Laptops

         529 296

Cost of sales: Tablets

         692 589

Cost of sales: Games

         259 017

Interest received

           14 358

Settlement discount received: Laptops

           15 766

Settlement discount received: Tablets

           19 426

Settlement discount received: Games

15 630

Insurance

14 077

Rent paid

           16 892

 

 

 

 

 

 

 

 

 

 

Calculate the gross profit/loss on the Games product line for the year ended 31 August 2021.


NB: Instructions

1. Use a full stop to indicate any decimals (eg: 1000.01)

2. Only show the amount, do not show the R (eg: 12141.72)

3. If the total amount calculated is a loss, please enter the amount as a negative (eg: -12141.72), if the amount calculated is a profit, please enter the amount as a positive (eg: 12141.72) 

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