Learning - A portal for classroom activities and events ...



Grade 8EMS Examination(Paper 1)November 2013Name: ___________________________Teacher: ______Set: ______Total Time: 90 Minutes Marks: 100INSTRUCTIONS AND INFORMATION1.This paper consists of 3 sections:Section A: Short Answer QuestionsSection B: Direct Questions Section C: Laptop practical - SimVenture2.Write your NAME, SET and identify your TEACHER at the top of the ANSWER SHEET before you start writing and on this paper3.Answer ALL questions from Section A on the ANSWER SHEET4.Answer ALL questions from Section B in the space indicated on THIS PAPER5.Run the practical simulation and follow the instructions supplied5.Calculators may be used. EXAMINER: Mr. WithersSECTION A: Short Answer Questions 25 marks1.Indicate the correct answer by making a cross (X) in the appropriate square on the ANSWER SHEET. Choose the best option.1.1The following are all recognised as assets in a business except:a.plant and machineryb.creditorsc.cash floatd.debtors1.2Promotion in the marketing mix does not involve: a.advertisingb.public relationsc.personal sellingd.payment period1.3Owners equity involves all the following with the exception of:a.incomeb.drawingsc.mortgaged.expenses1.4Advertisements can be categorized into these recognised groups except: petitivec.mediad.prestige1.5The accounting equation is not: a.Assets = Owners Equity + Liabilitiesb.Owners Equity = Liabilities + Assetsc.Owners Equity = Assets - Liabilitiesd.Liabilities = Assets – Owners Equity1.6Examples of advertising media does not include: a.exhibitionsb.direct mailc.researchd.cinema1.7Which formula is used to calculate the mark-up percentage?a.selling price – cost price / cost price x 100b.cost price – selling price / selling price x 100c.selling price – selling price / cost price x 100d.cost price + selling price / selling price x 1001.8Primary research involves everything except: a.interviewsb.questionnairesc.surveysd.statistics1.9Which one of the following is not associated with a cheque?a.draweeb.account numberc.terms of saled.sort code1.10The marketing mix consists of all of the following except:a.placeb.positionc.priced.product(10 x 1)102.Using the accounting classifications in the box given below, complete the following table on your ANSWER SHEET. Use the abbreviations given to match the account and question number.non-current assets (NCA), current liabilities (CL), non-current liabilities (NCL), expenses (E), income (I) ,owner’s equity (OE), current assets (CA)NumberAccountClassification2.1Drawings2.2Trading Stock2.3Equipment2.4Debtors2.5Capital2.6Bank overdraft2.7Sales2.8Stationery2.9Mortgage2.10Creditors(10 x 1)103.Answer True or False (on your ANSWER SHEET) to the following statements:3.1The marketing tools include the product, price, place and promotion?3.2Stats SA will provide primary market research?3.3The customer’s four C’s include convenience and cost to the customer?3.4A disadvantage of online advertising is that customer responses cannot be tracked.3.5Elasticity measures how sensitive to price changes consumers are.(5 x 1)5SECTION B: Direct Questions 60 marksAnswer the following questions in the space provided on this Question Paper4.Distinguish between the following terms: 4.1.1Above the line promotion__________________________________________________________________________________________________________________________________________4.1.2Below the line promotion__________________________________________________________________________________________________________________________________________4.2.1Secondary research__________________________________________________________________________________________________________________________________________4.2.2Primary research__________________________________________________________________________________________________________________________________________4.3.1Selling price__________________________________________________________________________________________________________________________________________4.3.2Cost price__________________________________________________________________________________________________________________________________________4.4.1Asset__________________________________________________________________________________________________________________________________________4.4.2Liability__________________________________________________________________________________________________________________________________________4.5.1Drawer__________________________________________________________________________________________________________________________________________4.5.2Drawee__________________________________________________________________________________________________________________________________________(10 x 2)205Provide the term which fits the descriptions given:5.1The group of consumers or customers aimed at by a business____________________________5.2Paid for communication aimed at informing or persuading____________________________5.3How a business gets its products from the firm to its end customers____________________________5.4.Promotional material at the local supermarket till____________________________(4 x 1)46List three different uses of promotion for a business.6.1_______________________________________________________________6.2_______________________________________________________________6.3_______________________________________________________________(3 x 2)67Describe two methods of direct marketing7.1_____________________________________________________________________________________________________________________________________________________________________________________________7.2_____________________________________________________________________________________________________________________________________________________________________________________________(2 x 3)69Read the statements below and determine which Journal you would enter the details into for the firm and which source document would be used to obtain the information about the transaction. Use abbreviations as required.JournalSource9.1Received capital of R500 000 from the owner9.2Paid the municipality for trading license in the sum of R6709.3Cash sales of R1 200 (cost price R800)9.4Accepted a donation of R10 000 from a sponsor.9.5Bought stationary to the value of R900(5 x 1)510Enter the following transactions in the space provided on either the Cash Receipts or the Cash Payments Journals of ‘Nuts United’ for the month of November 2013Totaling of the columns is not required.DateTransaction2ndMr. I M A Cracker transferred R550,000 form his personal bank account to the business. Receipt 01 was issued and the money banked the same day.5th Bought R78,000 of trading stock from ‘Home of Nuts’ with cheque number 1.9th Cash sales of merchandise for R21,000 (cost price R18,000).Took out a loan from Nut Bank for the sum of R50,00012thDrew cash of R2, 200 by cheque to pay weeks wages.15th Firm paid Mr. I M A Cracker’s cell phone account with Nutty Cell by cheque to the value of R500.17th Paid the telephone account in the sum of R760 by cheque.21st Bought packing equipment from EqiNut to the value of R40,000 by cheque.25th Sold goods for cash for R17,000 (cost price R14,000).Owner put another R20,000 into the business.27th .Increased the firm’s inventory by purchasing R75,000 of stock from Nutternuts by cheque.30th Paid the rent to Nut Holdings by cheque for R25,000Cash Receipts Journal of ________________________ for __________________________ CRJ _____Doc no.DayDetails of PayerAnalysis of receiptsBankSalesCost of salesSundry AccountsAmountDetails(36 x ?)9Cash Payments Journal of ________________________ for __________________________ CPJ _____Doc no.DayDetails of PayeeBankEquipmentTrading inventoryWagesTelephoneSundry AccountsAmountDetails(40 x ?)10 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download