assignment 1 semester : financial accounting (fa) - imm
Page 1 of 8
ASSIGNMENT 1ST SEMESTER :
FINANCIAL ACCOUNTING (FA)
STUDY UNITS COVERED
:
STUDY UNITS 1- 4
CHAPTERS COVERED
:
CHAPTERS 1- 6
DUE DATE
:
3:00 p.m. 18 MARCH 2014
TOTAL MARKS
:
100
INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND SUBMITTING ASSIGNMENTS The complete ‘Instructions to Students for Completing and Submitting Assignments’ must be collected from any IMM GSM office, the relevant IMM GSM recognised Additional Tuition Centre or can be downloaded from the IMM GSM website. It is essential that the complete instructions be studied prior to commencing your assignment. The following points highlight only a few important notes. 1) You are required to submit ONE assignment per module. 2) The assignment will contribute 20% towards the final examination mark, and the other 80% will be contributed by the examination, however, the examination papers will count out of 100%. 3) Although your assignment will contribute towards your final examination mark, you do not have to earn credits for admission to the examinations; you are automatically accepted on registering for the exam. 4) Number all the pages of your assignment (e.g. page 1 of 4) and write your name and surname, student number and subject at the top of each page. 5) The IMM GSM requires assignments to be presented on plain A4 paper. You must show all working calculations, including and where appropriate multiple-choice working calculations. 6) A separate assignment cover, which is provided by the IMM GSM, must be attached to the front of each assignment. 7) Retain a copy of each assignment before submitting, in case the original does not reach the IMM GSM. 8) The assignment due date refers to the day up to which assignments will be accepted for marking purposes. The deadline is 3:00 p.m. on 18 March 2014. Late assignments will be accepted, but 25 marks will be deducted from the maximum mark, if received after 3:00 p.m. on 18 March 2014 and up to 5:00 p.m. the following day, after which no assignments will be accepted. 9) If you fail to follow these instructions carefully, the IMM Graduate School of Marketing cannot accept responsibility for the return of the assignment. It may even result in your assignment not being marked. Results will be available on the IMM GSM website: www.immgsm.ac.za on Friday, 2 May 2014.
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 2 of 8
QUESTION 1
[10]
You are the marketing manager of an organisation. You are required to identify and explain the four (4) important accounting principles to one of your sales representatives, who has not studied accountancy. Use an example to illustrate your understanding of each of the principles. A suggested format as to how to structure your answer has been provided below: Principle Explanation Example 1.
2.
3.
4.
QUESTION 2
[10]
You are provided with the following balances of Takeout Traders for the period ended 31 December 2013. R Inventory (31/12/2013) – closing stock 125 000 Cash sales 680 000 Railage inwards 55 000 Credit sales 200 000 Purchases 233 000 Depreciation 25 000 Inventory (1/1/2013) – opening stock 110 000 Custom duties 65 000 Purchase returns 23 000 REQUIRED: 2.1 Prepare the ‘trading section’ of the Income Statement (Statement of Comprehensive Income) of Takeout Traders for the period ended 31 December 2013. Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 3 of 8
QUESTION 3
[25]
The following transactions relate to Xolani Spark’s new electrical business, Xolani Electrical, for the month of February 2013: a. b.
c. d.
e. f.
g. h. i. j. k. l. m. n.
On 1st February, Xolani Spark deposited R30 000 cash into a bank account in the name of the business as part of his capital contribution. Xolani transferred a vehicle, with a book value of R90 000, into the name of the business as the second part of his capital contribution (on 1st February). Two days later he took out a loan with Beep Bank to the value of R5 000. The funds/ proceeds from the loan were received the same day. On 5th February he bought tools to the value of R10 000 and a stepladder for R2 000. These items, to be used as his electrical equipment, were paid for in cash. On 7th February he repaired an air-conditioning system for a customer and received R8 000 cash in exchange for his services. Gamma Ltd requested Xolani to install a security lighting system to the value of R22 000 for which they paid him R12 000 upfront on the 10th February, being the day he started and completed the installation. It was agreed that Gamma limited would settle the balance of its account at the end of March. Xolani hired a hydraulic lift on the 11th February to assist him with a job. He paid the hiring fee of R2 000 in cash. Xolani needed to buy stock of wires, connectors and switches which cost him R6 000 from Electro Ltd on 11th February. He bought these on credit. On 25th he paid his workshop rent of R3 000 and R1 000 for his mobile phone contract. On 27th February Xolani paid the first installment of R500 on his loan. (Ignore interest.) He paid his assistant R5 000 as a salary on 27th February. On 27th February Xolani paid Electro Ltd R2 000 towards his outstanding account. Xolani withdrew R7 000 from the business account on the 29th of February for his personal living expenses. Depreciation on the vehicle (per transaction ‘b’) has not yet been accounted for. Xolani estimated that he could use the vehicle (in transaction ‘b’) for three years (with no residual value) in order to calculate the annual depreciation. He decided to adopt the straight-line method and needed to record the depreciation monthly.
REQUIRED 3.1
Date Feb 1
You are required to process the journal entries for transactions b–f for February 2013. The first transaction (a) has been provided below as an example: Account Description Bank Capital (Owners’ Equity)
Debit (R) 30 000
Credit (R) 30 000
(11)
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 4 of 8
3.2
You are required to show the impact of the transactions g-n on the elements of the accounting equation. For each transaction you are required to show the effect on the elements (assets, owners’ equity and liabilities) by showing the amount and a +/- to indicate an increase or decrease. The first transaction (a) has again been provided as an example below:
Trans. ASSETS OWNERS’ EQUITY a. +30 000 +30 000 Hint: Expenses and drawings/distributions ‘-’ owners’ equity Incomes and capital contributions ‘+’ owners’ equity SHOW WORKINGS WHERE NECESSARY!
LIABILITIES 0
(14)
QUESTION 4
[30]
You have been provided with the partially completed financial statements of Lyons Traders Ltd as well as relevant balances and additional information for the period ended 28th February 2013. Lyons Traders Ltd has an authorised share capital of 100 000 ordinary shares of R2 each. Its financial year end is at the end of February. Statement of Comprehensive Income for the year ended 28 February 2013 Sales Cost of sales Gross profit Other Income Rental income Discount received Bad debts recovered Gross Income Less Operational Expenses Bad debts Discount allowed Insurance Telephone Water and electricity Salaries and wages Stock loss Depreciation Operating Profit Interest Profit Before Tax Tax Earnings attributed to ordinary Shareholders Dividends Retained profit for the year Add : Retained profit/Accumulated profit (1/3/2012) Retained profit/Accumulated profit (28/2/2013)
Assignment 1st Semester 2014
R
R ? (231 800) ? ? ? 180 410 ? (?)
? 930 1 240 1 900 ? 28 000 ? ? ? (?) ? (45 000) ? (28 000) ? 14 340 ?
© IMM Graduate School of Marketing FA
Page 5 of 8
Statement of Financial Position as at 28 February 2013 ASSETS Non-current Assets Land and buildings Vehicles Current Assets Trading Stock Trade receivables (debtors) Prepaid expenses Accrued income Cash and cash equivalents TOTAL ASSETS EQUITY AND LIABILITIES TOTAL EQUITY Ordinary share capital Share premium Accumulated profits LIABILITIES Non-current Liabilities Mortgage loan Current Liabilities Trade payables Accrued expenses SA Revenue Service TOTAL EQUITY AND LIABILITIES
R
R ?
160 000 ? ? 22 900 ? ? ? 63 286 ?
? 180 000 15 000 46 150 25 000 25 000 ? 34 400 ? 8 180 ?
Relevant/remaining pre-adjustment balances on the 28 February 2013 Fol. Debit Credit Balance Sheet Section R R Vehicles B5 62 000 Accumulated depreciation on vehicles B6 8 600 Trading stock B7 23 600 Trade receivables B8 18 400 Provision for bad debts B9 534 Mortgage loan B10 25 000 Nominal Accounts Section Sales N1 363 701 Bad debts N3 1 089 Rent income N6 24 000 Insurance N8 1 340 Interest on mortgage bond N9 2 400 Sales returns N10 3 800 Water and electricity N13 2 800
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 6 of 8
Additional Information (adjustments):
W Civet, a debtor who owes R1 200, is declared insolvent. However it transpired that Lyons Traders received 50c in the rand from the estate which WAS recorded correctly. The remainder, which must be written off as irrecoverable, has yet to be recorded. Provision for bad debts must be adjusted to R620. Insurance expense includes an annual premium of R600 that was paid in advance on 30th April 2012. A section of the building is let for R2 400 per month (which has remained unchanged over the year). Make provision for the outstanding rental income. A physical stocktaking showed trading stock on hand on 28 th February 2013 at R22 900. The water and electricity account of R256 for February 2013 has not yet been paid or accrued for. Make provision for depreciation on vehicles at 20% per annum on a reducing balance basis. The mortgage loan is repaid in equal instalments of R5 000 on 31st August each year. Interest is 16% per annum paid semi-annually. The instalment was correctly recorded but there is still a need to adjust for outstanding interest. All completed sections of the financials have been correctly compiled.
REQUIRED: 4.1
Redraft the completed statement of comprehensive income (income statement) of Lyons Traders Ltd for the year ended 28 February 2013. (Show all workings for any adjustments required and reference them accordingly.) (18)
4.2
Redraft the completed statement of financial position (balance sheet) of Lyons Traders Ltd as at the 28 February 2013. (Show all workings for any adjustments required and reference them accordingly.) (12)
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 7 of 8
QUESTION 5
[25]
The financial statements of Aldine Manufacturing Company for the financial years ending 2012 and 2013 are provided below. All sales are on credit.
Statement of Financial Position as at 31st March Assets Non-Current Assets Fixed assets at cost Accumulated depreciation Investments in other companies’ shares Current Assets Inventory Trade receivables Cash and cash equivalents Prepaid expenses Total Assets Equity and Liabilities Total Equity Ordinary share capital Share premium Retained earnings Non – current Liabilities Long-term debt Current Liabilities Trade payables Tax payable Accrued liabilities Short-term loan Total Equity and Liabilities
2013 R 740 057 1 596 886 (856 829)
2012 R 747 290 1 538 495 (791 205)
65 376 2 240 890 1 328 963 678 279 177 689 55 959 3 046 323
2 196 834 1 234 725 740 705 175 042 46 362 2 944 124
1 591 464 420 828 361 158 809 478
1 532 620 420 824 361 059 750 737
630 783
626 460
824 076 148 427 36 203 190 938 448 508
785 044 136 793 127 455 164 285 356 511
3 046 323
2 944 124
Statement of Comprehensive Income for the year ended 31st March 2013 3 992 758 2 680 298 1 312 460 (801 395) (111 509) 399 556 (85 274) 314 282 (113 040) 201 242
Sales Cost of sales Gross Profit Operating Expenses Depreciation Operating Profit Financing costs Profit Before Tax Tax Profit After Tax
Assignment 1st Semester 2014
2012 3 721 241 2 499 965 1 221 276 (726 959) (113 989) 380 328 (69 764) 310 564 (112 356) 198 208
© IMM Graduate School of Marketing FA
Page 8 of 8
The industry figures are as follows: Ratio Current ratio Quick ratio Average collection period Inventory turnover Gross profit percentage Net profit margin Return on equity Total asset turnover
Industry median 2.1:1 1.1:1 45 days 3.3 times 23.8% 2.7% 10.6% 1.19 times
REQUIRED: 5.1
Comment on the liquidity of Aldine Manufacturing Company by calculating and interpreting the current and quick (acid test) ratios. (6)
5.2
The ratios in 4.1 are known as rough guides to the liquidity situation. The liquidity can be analysed to a finer degree by the average collection period and the inventory turnover ratio. Calculate and explain how these two ratios can further assist in understanding the liquidity of Aldine and how they relate to the efficiency of operations. (8)
5.3
Analyse the profitability of Aldine in terms of the gross profit, net profit (after tax), return on equity and the total asset turnover ratios. You are required to calculate the relevant ratios, comment on the results and incorporate any relevant figures and industry indicators in your response. (11) ROUND ALL ANSWERS TO TWO DECIMAL PLACES. ASSIGNMENT TOTAL: 100
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
ASSIGNMENT 1ST SEMESTER :
FINANCIAL ACCOUNTING (FA)
STUDY UNITS COVERED
:
STUDY UNITS 1- 4
CHAPTERS COVERED
:
CHAPTERS 1- 6
DUE DATE
:
3:00 p.m. 18 MARCH 2014
TOTAL MARKS
:
100
INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND SUBMITTING ASSIGNMENTS The complete ‘Instructions to Students for Completing and Submitting Assignments’ must be collected from any IMM GSM office, the relevant IMM GSM recognised Additional Tuition Centre or can be downloaded from the IMM GSM website. It is essential that the complete instructions be studied prior to commencing your assignment. The following points highlight only a few important notes. 1) You are required to submit ONE assignment per module. 2) The assignment will contribute 20% towards the final examination mark, and the other 80% will be contributed by the examination, however, the examination papers will count out of 100%. 3) Although your assignment will contribute towards your final examination mark, you do not have to earn credits for admission to the examinations; you are automatically accepted on registering for the exam. 4) Number all the pages of your assignment (e.g. page 1 of 4) and write your name and surname, student number and subject at the top of each page. 5) The IMM GSM requires assignments to be presented on plain A4 paper. You must show all working calculations, including and where appropriate multiple-choice working calculations. 6) A separate assignment cover, which is provided by the IMM GSM, must be attached to the front of each assignment. 7) Retain a copy of each assignment before submitting, in case the original does not reach the IMM GSM. 8) The assignment due date refers to the day up to which assignments will be accepted for marking purposes. The deadline is 3:00 p.m. on 18 March 2014. Late assignments will be accepted, but 25 marks will be deducted from the maximum mark, if received after 3:00 p.m. on 18 March 2014 and up to 5:00 p.m. the following day, after which no assignments will be accepted. 9) If you fail to follow these instructions carefully, the IMM Graduate School of Marketing cannot accept responsibility for the return of the assignment. It may even result in your assignment not being marked. Results will be available on the IMM GSM website: www.immgsm.ac.za on Friday, 2 May 2014.
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 2 of 8
QUESTION 1
[10]
You are the marketing manager of an organisation. You are required to identify and explain the four (4) important accounting principles to one of your sales representatives, who has not studied accountancy. Use an example to illustrate your understanding of each of the principles. A suggested format as to how to structure your answer has been provided below: Principle Explanation Example 1.
2.
3.
4.
QUESTION 2
[10]
You are provided with the following balances of Takeout Traders for the period ended 31 December 2013. R Inventory (31/12/2013) – closing stock 125 000 Cash sales 680 000 Railage inwards 55 000 Credit sales 200 000 Purchases 233 000 Depreciation 25 000 Inventory (1/1/2013) – opening stock 110 000 Custom duties 65 000 Purchase returns 23 000 REQUIRED: 2.1 Prepare the ‘trading section’ of the Income Statement (Statement of Comprehensive Income) of Takeout Traders for the period ended 31 December 2013. Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 3 of 8
QUESTION 3
[25]
The following transactions relate to Xolani Spark’s new electrical business, Xolani Electrical, for the month of February 2013: a. b.
c. d.
e. f.
g. h. i. j. k. l. m. n.
On 1st February, Xolani Spark deposited R30 000 cash into a bank account in the name of the business as part of his capital contribution. Xolani transferred a vehicle, with a book value of R90 000, into the name of the business as the second part of his capital contribution (on 1st February). Two days later he took out a loan with Beep Bank to the value of R5 000. The funds/ proceeds from the loan were received the same day. On 5th February he bought tools to the value of R10 000 and a stepladder for R2 000. These items, to be used as his electrical equipment, were paid for in cash. On 7th February he repaired an air-conditioning system for a customer and received R8 000 cash in exchange for his services. Gamma Ltd requested Xolani to install a security lighting system to the value of R22 000 for which they paid him R12 000 upfront on the 10th February, being the day he started and completed the installation. It was agreed that Gamma limited would settle the balance of its account at the end of March. Xolani hired a hydraulic lift on the 11th February to assist him with a job. He paid the hiring fee of R2 000 in cash. Xolani needed to buy stock of wires, connectors and switches which cost him R6 000 from Electro Ltd on 11th February. He bought these on credit. On 25th he paid his workshop rent of R3 000 and R1 000 for his mobile phone contract. On 27th February Xolani paid the first installment of R500 on his loan. (Ignore interest.) He paid his assistant R5 000 as a salary on 27th February. On 27th February Xolani paid Electro Ltd R2 000 towards his outstanding account. Xolani withdrew R7 000 from the business account on the 29th of February for his personal living expenses. Depreciation on the vehicle (per transaction ‘b’) has not yet been accounted for. Xolani estimated that he could use the vehicle (in transaction ‘b’) for three years (with no residual value) in order to calculate the annual depreciation. He decided to adopt the straight-line method and needed to record the depreciation monthly.
REQUIRED 3.1
Date Feb 1
You are required to process the journal entries for transactions b–f for February 2013. The first transaction (a) has been provided below as an example: Account Description Bank Capital (Owners’ Equity)
Debit (R) 30 000
Credit (R) 30 000
(11)
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 4 of 8
3.2
You are required to show the impact of the transactions g-n on the elements of the accounting equation. For each transaction you are required to show the effect on the elements (assets, owners’ equity and liabilities) by showing the amount and a +/- to indicate an increase or decrease. The first transaction (a) has again been provided as an example below:
Trans. ASSETS OWNERS’ EQUITY a. +30 000 +30 000 Hint: Expenses and drawings/distributions ‘-’ owners’ equity Incomes and capital contributions ‘+’ owners’ equity SHOW WORKINGS WHERE NECESSARY!
LIABILITIES 0
(14)
QUESTION 4
[30]
You have been provided with the partially completed financial statements of Lyons Traders Ltd as well as relevant balances and additional information for the period ended 28th February 2013. Lyons Traders Ltd has an authorised share capital of 100 000 ordinary shares of R2 each. Its financial year end is at the end of February. Statement of Comprehensive Income for the year ended 28 February 2013 Sales Cost of sales Gross profit Other Income Rental income Discount received Bad debts recovered Gross Income Less Operational Expenses Bad debts Discount allowed Insurance Telephone Water and electricity Salaries and wages Stock loss Depreciation Operating Profit Interest Profit Before Tax Tax Earnings attributed to ordinary Shareholders Dividends Retained profit for the year Add : Retained profit/Accumulated profit (1/3/2012) Retained profit/Accumulated profit (28/2/2013)
Assignment 1st Semester 2014
R
R ? (231 800) ? ? ? 180 410 ? (?)
? 930 1 240 1 900 ? 28 000 ? ? ? (?) ? (45 000) ? (28 000) ? 14 340 ?
© IMM Graduate School of Marketing FA
Page 5 of 8
Statement of Financial Position as at 28 February 2013 ASSETS Non-current Assets Land and buildings Vehicles Current Assets Trading Stock Trade receivables (debtors) Prepaid expenses Accrued income Cash and cash equivalents TOTAL ASSETS EQUITY AND LIABILITIES TOTAL EQUITY Ordinary share capital Share premium Accumulated profits LIABILITIES Non-current Liabilities Mortgage loan Current Liabilities Trade payables Accrued expenses SA Revenue Service TOTAL EQUITY AND LIABILITIES
R
R ?
160 000 ? ? 22 900 ? ? ? 63 286 ?
? 180 000 15 000 46 150 25 000 25 000 ? 34 400 ? 8 180 ?
Relevant/remaining pre-adjustment balances on the 28 February 2013 Fol. Debit Credit Balance Sheet Section R R Vehicles B5 62 000 Accumulated depreciation on vehicles B6 8 600 Trading stock B7 23 600 Trade receivables B8 18 400 Provision for bad debts B9 534 Mortgage loan B10 25 000 Nominal Accounts Section Sales N1 363 701 Bad debts N3 1 089 Rent income N6 24 000 Insurance N8 1 340 Interest on mortgage bond N9 2 400 Sales returns N10 3 800 Water and electricity N13 2 800
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 6 of 8
Additional Information (adjustments):
W Civet, a debtor who owes R1 200, is declared insolvent. However it transpired that Lyons Traders received 50c in the rand from the estate which WAS recorded correctly. The remainder, which must be written off as irrecoverable, has yet to be recorded. Provision for bad debts must be adjusted to R620. Insurance expense includes an annual premium of R600 that was paid in advance on 30th April 2012. A section of the building is let for R2 400 per month (which has remained unchanged over the year). Make provision for the outstanding rental income. A physical stocktaking showed trading stock on hand on 28 th February 2013 at R22 900. The water and electricity account of R256 for February 2013 has not yet been paid or accrued for. Make provision for depreciation on vehicles at 20% per annum on a reducing balance basis. The mortgage loan is repaid in equal instalments of R5 000 on 31st August each year. Interest is 16% per annum paid semi-annually. The instalment was correctly recorded but there is still a need to adjust for outstanding interest. All completed sections of the financials have been correctly compiled.
REQUIRED: 4.1
Redraft the completed statement of comprehensive income (income statement) of Lyons Traders Ltd for the year ended 28 February 2013. (Show all workings for any adjustments required and reference them accordingly.) (18)
4.2
Redraft the completed statement of financial position (balance sheet) of Lyons Traders Ltd as at the 28 February 2013. (Show all workings for any adjustments required and reference them accordingly.) (12)
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
Page 7 of 8
QUESTION 5
[25]
The financial statements of Aldine Manufacturing Company for the financial years ending 2012 and 2013 are provided below. All sales are on credit.
Statement of Financial Position as at 31st March Assets Non-Current Assets Fixed assets at cost Accumulated depreciation Investments in other companies’ shares Current Assets Inventory Trade receivables Cash and cash equivalents Prepaid expenses Total Assets Equity and Liabilities Total Equity Ordinary share capital Share premium Retained earnings Non – current Liabilities Long-term debt Current Liabilities Trade payables Tax payable Accrued liabilities Short-term loan Total Equity and Liabilities
2013 R 740 057 1 596 886 (856 829)
2012 R 747 290 1 538 495 (791 205)
65 376 2 240 890 1 328 963 678 279 177 689 55 959 3 046 323
2 196 834 1 234 725 740 705 175 042 46 362 2 944 124
1 591 464 420 828 361 158 809 478
1 532 620 420 824 361 059 750 737
630 783
626 460
824 076 148 427 36 203 190 938 448 508
785 044 136 793 127 455 164 285 356 511
3 046 323
2 944 124
Statement of Comprehensive Income for the year ended 31st March 2013 3 992 758 2 680 298 1 312 460 (801 395) (111 509) 399 556 (85 274) 314 282 (113 040) 201 242
Sales Cost of sales Gross Profit Operating Expenses Depreciation Operating Profit Financing costs Profit Before Tax Tax Profit After Tax
Assignment 1st Semester 2014
2012 3 721 241 2 499 965 1 221 276 (726 959) (113 989) 380 328 (69 764) 310 564 (112 356) 198 208
© IMM Graduate School of Marketing FA
Page 8 of 8
The industry figures are as follows: Ratio Current ratio Quick ratio Average collection period Inventory turnover Gross profit percentage Net profit margin Return on equity Total asset turnover
Industry median 2.1:1 1.1:1 45 days 3.3 times 23.8% 2.7% 10.6% 1.19 times
REQUIRED: 5.1
Comment on the liquidity of Aldine Manufacturing Company by calculating and interpreting the current and quick (acid test) ratios. (6)
5.2
The ratios in 4.1 are known as rough guides to the liquidity situation. The liquidity can be analysed to a finer degree by the average collection period and the inventory turnover ratio. Calculate and explain how these two ratios can further assist in understanding the liquidity of Aldine and how they relate to the efficiency of operations. (8)
5.3
Analyse the profitability of Aldine in terms of the gross profit, net profit (after tax), return on equity and the total asset turnover ratios. You are required to calculate the relevant ratios, comment on the results and incorporate any relevant figures and industry indicators in your response. (11) ROUND ALL ANSWERS TO TWO DECIMAL PLACES. ASSIGNMENT TOTAL: 100
Assignment 1st Semester 2014
© IMM Graduate School of Marketing FA
