Page 5 - SOLUTIONS TO PRACTICAL APPLICATION FNSACC313 V3 .doc

Perform Financial Calculations

Cross balance the following, calculating the total stores for each of the following goods and
months.

GYPSUM. LAMINATE 25MM TEK
MONTHS SCREWS SCREWS SCREWS SANDPAPER TOTAL
May 305 414 290 125 1134
June 296 328 285 306 ​1215
July 137 39 24 209 ​409
August 127 287 294 139 ​847
September 104 175 124 109 ​512
GRAND TOTAL 969 1243 1017 888 4117

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
Gypsum Screws 796 507 354 643
Laminate Screws 487 372 98 ​213
25 mm Tek Screws 847 586 308 ​569
Sandpaper 1077 973 164 ​268

Extend the following items and total the invoice.

PRODUCT QUANTITY AMOUNT PER METRE TOTAL PAYABLE
Gypsum Screws 16 kg $38.00 $608.00
Laminate Screws 109 kg $27.00 ​$2943.00
25 mm Tek Screws 37 kg $34.00 ​$1258,00
SOLUTIONS
Villaboard Screws 101 kg $56.00 ​$5656.00
Galvanised Clouts 116 kg $35.00 $4060 .00
TOTAL $14525.00

Calculate the unit price of the following goods.

PRODUCT QUANTITY TOTAL AMOUNT UNIT PRICE
(ie, Price for 1)
25 mm Tek Screws 15 $3.60 $0.24
Plaster Cornice 120 $258.40 ​$2.15
Nails 31 $6.75 ​$0.22
Ceiling Tiles 8 $418.48 ​$52.31
CONVERTING SIMPLE FRACTIONS

Convert the following fractions to decimals, correct to two decimal places.

PRACTICAL APPLICATION 1 PRACTICAL APPLICATION 2

1/2 __________​.50​________________ 2/3 _______________​.67​______________

1/3 __________​.33​________________ 6/8 _______________​.75​______________

1/4 __________​.25​________________ 5/7​ ______________​.​71​_____________

Anne Bowden ©2020
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