Page 4 - SOLUTIONS TO PRACTICAL APPLICATION FNSACC313 V3 .doc
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Perform Financial Calculations
MANUAL CALCULATIONS
ADDITION, SUBTRACTION, MULTIPLICATION AND DIVISION
PRACTICAL APPLICATION 1
Cross Balance the following, calculating the total stores for each of the following goods-and
months.
MONTHS PAINTS PLASTER CORNICE ADHESIVE TOTAL
May 214 312 104 237
867
June 168 227 116 384 895
July 137 88 87 208 520
August 378 126 169 148 821
September 104 213 164 202 683
GRAND 1001 966 640 1179 3786
TOTAL
Balance the following calculating the total number in stock as at 31/1/20XX
STOCK AS TOTAL IN STOCK
PRODUCT AT 1/1/20XX SOLD RETURNED AS AT 31/1/20XX
Paints 438 241 23 220
Plaster 1042 973 164 233
SOLUTIONS
Cornice 986 731 231 486
Adhesive 482 221 29 290
Extend the following items and total the invoice.
PRODUCT QUANTITY AMOUNT PER METRE TOTAL PAYABLE
Plaster 16 m $35.00 $560.00
Cornice 109 m $29.00 $3161.00
Back Mesh 37 m $39.00 $1443.00
Battens 101 m $52.00 $5252.00
Gyprock 116 m $30.00 $3480.00
Calculate the unit price of the following goods:
PRODUCT QUANTITY TOTAL AMOUNT UNIT PRICE
(ie, Price for 1)
Joiners 15 $3.90 $0.26
Sandpaper 120 $205.20 $1.71
Clouts 31 $4.65 $0.15
Ceiling Centres 8 $41.84 $5.23
PRACTICAL APPLICATION 2
Anne Bowden ©2020
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