2 You own a bicycle.
3 You pay R110 every week to catch the train to school. 4 You owe your friend R20.
5 You pay R50 to join the fitness club at school. 6 You buy a skateboard.
7 You get R40 for washing your father’s car. 8 You buy a packet of chips at the school tuck shop. 9 You have a R10 fine at the local library.
Assessment guidelines
• This activity is intended for informal assessment. • Use the suggested answers supplied above to assess learners informally. • Use the checklist below to assess learners. Give learners feedback on their performance to prepare them for formal assessment.
Criteria
The learner(s): y followed the instructions in the Learner’s Book and understood what to do
Case study Discuss a business Work with a partner.
Read the case study below. Help Samantha Stores to save its money by answering the questions that follow.
Case study: Samantha Stores
Samantha Dlamini owns Samantha Stores, which sells groceries. Her business is in a rural area. She wants to buy three new cash registers with scanners in five months’ time, costing R15 000. She is planning to expand the business in two years’ time by building on to her store. She inherited R100 000 from her father and deposited the money in the business current bank account in March 20.8. For the past three months, the balances in the current bank account were as follows: • February 20.8, R25 000 • March 20.8, R145 000 • April 20.8, R155 000 1 Define what you understand by ‘current bank account’.
2 What do you call the money Samantha Stores puts aside to but the three cash registers and scanners in five months’ time?
3 What do you call the money Samantha Stores puts aside to expand the business in two years’ time?
Yes Partly No ü ü ü ü Total: 9 marks
Asset Liability Expense Income ü
ü ü ü
(2) (2) (2)
54 Term 2: Financial literacy
9780199052050_OS_Economics_7_TG_CAPS2017.indb 54 11/29/17 9:02 AM
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