Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. dumisani investments ltd provides sanitation servi

Dumisani Investments Ltd provides sanitation services to municipalities within the Tshwane area. The company...

90.2K

Verified Solution

Question

Accounting

Dumisani Investments Ltd provides sanitation services to municipalities within the
Tshwane area. The company is interested in ensuring that it has enough money to
finance its asset mix. The companys current and non-current asset mix for January to
December 2023, is provided in the table below. The companys opportunity cost on
short-term and long-term funds is 4.5% and 12% respectively.
Month Current assets (R) Non-current assets (R) Total assets (R)
January 6000070000130000
February 5800070000128000
March 5500070000125000
April 4700070000117000
May 4000070000110000
June 4100070000111000
July 4000070000110000
August 3700070000107000
September 3800070000108000
October 3300070000103000
November 4000070000110000
December 5000070000120000
REQUIRED
1.1 Determine the average monthly seasonal and permanent funds requirement
for this company (show your calculations, where applicable).(4)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students