Page 10 - PERFORM FINANCIAL CALCULATIONS ASSESSMENT TASK ASSESSOR INSTRUCTIONS AND SOLUTIONS

Perform Financial Calculations Assessor Instructions and Solutions

Press [ C ] or [ C ] (Clear entry key)

Continue in the same way for the remaining 3 calculations.

Note to assessor: Variance may occur in this answer as there are differences in calculator
operations. It is recommended that you observe the candidate follow this sequence if you are
not sure it is correct.)

Now calculate the following payroll (constant multiplier = $19.76)

NAME HOURS WORKED RATE OF PAY TOTAL

C Law 30 $19.76 $592.80
H Fobs 33 $19.76 $652.08
M Barwin 38 $19.76 $750.88
F Soot 37 $19.76 $731.12
N Howe 40 $19.76 $790.40

Question 15: Answer the following questions based on the line graph below:

Total Sales of Goudenna Linings 20X1 to 20X3

60

50
SOLUTIONS
40
Sales 30

20
10

0
20x1 20x2 20x3
Scale:
Hundreds Years

A What was the increase in sales between 20X1 and 20X3?

Answer: Nil. It was a decrease of ~$1840

B What year had the lowest sales?

Answer: 20X3

C What is the difference in sales highest and lowest sales years?

Answer: ~$4350

Anne Bowden ©2020
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