Page 9 - SOLUTIONS TO PRACTICAL APPLICATION FNSACC313 V3 .doc

Perform Financial Calculations

PRACTICAL APPLICATION 2

Find the GST on these figures which now include GST:

PRODUCT GROSS PRICE (inc GST) GST PRICE ex-GST
Ceiling Centres $130.00 $11.82 $118.18
Gypsum screws $45.00 $4.09 $40.91
Paper Tape $44.00 $4.00 $40.00
Vilaboard Sheets $31.90 $2.90 $29.00
Gyprock $230.95 $21.00 $209.95

CONVERTING FRACTIONS
Convert the following fractions to decimals correct to two places.

PRACTICAL APPLICATION 1 PRACTICAL APPLICATION 2

65 1/4 ____​65.25​______________ 40 hrs & 40 mins ___​40.67​_______

35 4/5 ____​35.80​________________ 35 hrs & 20 mins ___​35.33​_______

25 6/12 ____​25.50​________________ 40 hrs & 17 mins ___​40.28​_______

126 5/10 ____​126.50​________________ 30 hrs 45 mins ___​30.75​_______

354 7/8 ____​354.88​________________ 31 hrs 24 mins ___​31.40​_______
SOLUTIONS

MEMORY FUNCTIONS

PRACTICAL APPLICATION 1

Cross balance the stores and months for each of the following.

MONTHS PAINTS PLASTER CORNICE ADHESIVE TOTAL
October 2241 3,121 1,054 2,730 9146
November 1685 2,727 1,612 3,480 9504
December 1734 888 787 280 3689
January 3874 1,623 1968 1842 9307
February 1405 2,317 1,469 1,220 6411
TOTAL 10939 10676 6890 9552 38057

PRACTICAL APPLICATION 2

GYPSUM LAMINATE 25 MM TEK
MONTHS SCREWS SCREWS SCREWS SANDPAPER TOTAL
October 503 441 920 521 2385
November 692 832 582 603 2709

Anne Bowden ©2020
9