HIGHER EDUCATION PROGRAMMES

Academic Year 2024: January - June

Formative Assessment 1: Computer Literacy Advanced

(HCLT108-1)

NQF Level, Credits: 5, 10

Weighting: 25%

Assessment Type: Practical Questions

Educator: L. Saunders

Examiner: I. Musakwa

Due Date: 28 March 2024

Total: 50 Marks

Instructions:

• This paper consists of two (2) questions.

• It is based on Units 1 - 5 of your Boston City Campus Study Guide.
• All questions are compulsory.
• Download the Answer Sheet (Word format) from Col Campus under the FA1
assessment tab
• Submit
o The Answer Sheet in PDF format (Download on Col Campus)
o Excel Spreadsheet

Learning Outcomes

• Utilise formulas and functions

• Utilise statistical and mathematical functions
• Utilise AutoSum
• Inserting and deleting rows and columns
• Utilise logical functions (IF)

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 • Sort Lists
• Create, edit, and format charts
• Utilise Financial Functions (PMT) and (FV)

Question 1 [44 marks]

Cape Produce is a fruit and vegetable retail shop based in the Western Cape
province. With 15 branches in the region, their main branch is in the Cape Town city
center. The branch has experienced a decline in demand for most of its products.
The business has neglected marketing efforts in the past three years due to the
COVID-19 pandemic, which impacted sales and profitability. You have been
employed to lead the Sales department and implement marketing promotions.
Before you strategise any marketing campaign, you must understand how the
business performs.

Background

You have been provided with the attached Cape Produce Sales data in an Excel sheet.
Answering these questions will provide a marketing promotion planning basis.

Required:
Note: add columns to the provided data table to calculate discounts and sales.
Complete all calculations using formulas in Excel. Use the provided Answer Sheet.

1.1 Arrange the fruit names in descending order using the Sort & Filter function.
(2 marks)

1.2 Calculate the sales obtained from each fruit. (3 marks)

Show the formula visible in the formula bar.

1.3 Calculate the total sales obtained by Cape Produce from the provided data in the
Rand currency. Show the formula visible in the formula bar. (2 marks)

1.4 Calculate the total quantities of fruits sold in the period. (2 marks)
Show the formula visible in the formula bar.

1.5 Using an Excel function, determine which fruit had the highest quantities sold.
(2 marks)
Show the formula visible in the formula bar.

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1.6 What is the sales value of the fruit in Q1.5? (1 mark)

1.7 Using an Excel function, determine which fruit had the lowest sales and identify its
sales value. Show the formula visible in the formula bar. (2 marks)

You intend to offer promotional discounts to customers to improve customer traffic and
sales. Show how discounts will affect company sales by answering the questions
below. (Note: Sales referenced in Q1.8 and 1.15 are sales you calculated in Q.1.2)

1.8 If a 10 % discount is applied to the sales value of each fruit item, calculate the
discount value per fruit item and the total discount on the sales. (4 marks)

Note: First calculate the discount for each fruit then SUM the discounts.

1.9 After the 10% discount is applied in Q.1.8, calculate the discounted sales per fruit
item and the total sales after the discount is applied. (4 marks)

Note: First calculate the discounted sales for each fruit then SUM the discounted sales.

If Cape Produce had implemented a 10% discount policy on only sales invoices above
R500 000, answer the following.

1.10 What is the total discount value for sales above R500 000 obtained in Q1.2?

Note: Use the IF logical function. Add a message "No discount" for sales below
R500 000. Add a screenshot of the calculated column showing the formula used in the
formula bar. First calculate the discount for each fruit then SUM the discounts.
(5 marks)

1.11 Determine the total sales after the 10% discount is applied in Q.1.10. (4 marks)
Note: Calculate the sales after discount for each fruit then SUM the sales..

1.12 Create a column chart for the fruit quantities sold. Include quantities sold as data
labels. (3 marks)

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1.13 Create a line chart to show the total quantities sold for Orange, Guava, Dates,
and Banana. (4 marks)

1.14 Create a 2-D bar chart to show the total sales of Apples, Cashew nuts, Dry
apricots, Mango, and Papaya calculated in Q.1.2. Include data labels. (3 marks)

1.15 Create a 3-D pie chart to show the total sales of Plums, Papaya, and Oranges as
calculated in Q.1.2. Include data labels. (3 marks)

Question 2 [6 marks]

The impact of COVID-19 on the lives of many was a wake-up call to the need for
savings. Many people lost jobs and sources of income. Saving for the
unforeseen future is a measure that will likely curb the impact of such
occurrences.

2.1. You have started saving for such challenging times by investing R3 000 at the
end of each month for five (5) years. If the interest on your investment is 9% per
annum, how much should you have at the end of 5 years?

(3 marks)

2.2. You have cut back on your spending since the COVID-19 lockdown period. You
acquired a home loan valued at R550 000 to buy a property and start a rental
business. The interest on the loan is 12% per annum, and the repayment period is 20
years. Calculate your monthly repayment amount. (3 marks)

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The below only applies to students enrolled in the Bachelor of Accounting
program.
Aligns to SAICA competencies:
W3 Data Analytics
Use processes of inspection, extraction, transformation, loading
(ETL), and modelling data (as discussed below) (see (i) to (iv)) to
discover information able to enhance problem-solving and decision-
b) making.
Use data analytic software tools to analyse data (e.g., ACL, IDEA,
c) advanced Excel™ functions)
Data modelling
(i) Examine the key fields using descriptive statistics to
determine their characteristics and statistical parameters
(ii) Evaluate the quality of data to determine how well it supports
business analysis and decision-making
(iii) Choose appropriate analytical methods and identify
alternative approaches, taking the data characteristics and the
specific analytical task into account
(iv) Apply designated quantitative techniques (e.g., statistics, time
series analysis, optimisation, simulations) in modelling for analysis
and prediction
(v) Identify relationships between data in different forms and
different data sets, and build relationship models between data sets
to achieve a business or audit objective
(vi) Use statistical modelling techniques to identify outliers
(vii) Evaluate the validity and accuracy of the results by applying
i) professional scepticism

W7 User Competencies
b) Use presentation software in an accounting/ business context
c) Use spreadsheet software in an accounting/ business context (e.g.,
working papers; knowledge of effective utilisation (including shortcut
keys, macros, pivot tables, and other advanced Excel functions).
d) Use accounting software to create and view financial transactions.

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