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Grade 9 EMS Classic Ed Guide A4
Grade 9 EMS Classic Ed Guide A4
Grade 9 EMS Classic Ed Guide A4
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Lisa Akerman
Séan Topper
Yvette Russell
Cathlyn Dracatos
PTY LTD EMS Classic Grade 9 Educator’s Guide
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© 2018 Excom Publishers [Pty] Ltd
No part of this book may be reproduced or transmitted in any form or by any means, electronic or
mechanical, including photocopying, recording or any information storage and retrieval system, without
permission in writing from Excom Publishers (Pty) Ltd, Registration Number: 2017/328968/07
NOTE: Use of pronouns: Any gender shall include the other gender, and the singular shall include the plural
and vice versa.
Chapter 3 Entreperneurship 40
○○ Some exercises using Rubrics or other Marking Guidelines do not require further Memoranda.
○○ Some exercises are self-reflection, or group/class discussions and cannot be given specific
Memoranda, especially when they are based on newspaper articles, website information or current
affairs.
○○ Other exercises and case studies have Memoranda in keyword format, not full sentences such as the
learners are required to use. These are merely guidelines for the Educator who should keep in mind
that answers could cover a broader spectrum than given here.
○○ Learners should be encouraged to give their own opinion, motivations etc. In many cases the
process is more important than the actual answer i.e. assess thinking process rather than simply factual
knowledge.
PLEASE NOTE:
This Educator’s Guide provides answers for Exercises in the EMS Classic Textbook, Grade 9.
Task 1:
Example only
Task 2:
Identify the economic system of the countries below, namely Capitalist, socialism or communist.
6. The businesses that the government owns in South Africa form part of the public sector.
Task 3:
1. Students will use own words but essentially answer needs to encapsulate that A1 involves
artificial (not produced by a human brain/computer generated information) decision making
based on data received.
2. The contribution of AI will be substantial – a 14% projected growth in GDP as a result of the
use of AI by 2030 (which is only 12 years away!)
3. Yes – Human intelligence will be required to determine the strategic and ethical application of
AI and be responsible for “providing challenge and oversight to (AI) decisions”.
Task 4:
Households own all factors of production. Thando acts as an entrepreneur and supplies jobs to
his workers. However, without the workers selling their labour, Thando will not be able to run his
business (farm).
Business – Thando and business he trades with. Businesses employ factors of production.
Businesses buy factors of production from households. In return for using the factors of production,
the business will remunerate the factors of production. Goods will then be sold to satisfy the needs
of the target market. Businesses are profit driven and must pay tax to the government on all profit
made.
Thando exports some of his produce. This brings money into South Africa and help to stabilize the
exchange rate.
Government is responsible to provide services to the citizens of the country. These services include
police, justice, education, health etc. In order to provide these services Government needs money.
All households must pay tax on income. Businesses are taxed on profits made. The South African
Government has a special task to develop previously disadvantage communities. This is called the
RDP – Reconstruction and Development Program.
The Business (Thando) employs labour from other households in exchange for wages and salaries.
The business uses the money that it generates to purchase other capital goods to increase the
business capacity. The Business exports goods overseas and thus receives money in return. This
money is then invested back into the business or invested in financial institutions. Government
claims a portion of the profits for tax and also provides the basic infrastructure in which the business
can operate.
Task 5:
Capital - Money invested into the production of the textbook. This could also take the form of fixed
assets such as printers, computers.
Entrepreneurship - The authors of this EMS textbook who planned the writing and printing of the
books and then also the marketing and selling of it.
Land - Trees which were used to produce paper which in turn was manufactured into a book.
Task 6:
Each learner’s answer will be different, and Educators must check that the correct exchange rate is
used. Below is an example given.
2. South African’s would pay less for items imported from America.
Quantity demanded
Price per ice cream Total spent
(purchased)
R10 500 R5 000
R8 750 R6 000
R6 1 000 R6 000
R4 2 000 R8 000
R2 2 200 R4 400
Demand Graph
12
10
Price - Rand
8
6
4
2
0
500 750 1000 2000 2 200
Quantity
Equilibrium price:
Task 7:
1. The place where goods and services are bought and sold is called the MARKET. (1)
2. Prices of goods and services are determined by SUPPLY and DEMAND. (2)
3. The higher the demand for a product, the HIGHER the price will be, if the supply stays
constant (1)
4. If there are a large number of suppliers selling the same product, there will be competition
between them to sell to the same target market. It can therefore be said that an excess supply
will lead to LOWER prices. (1)
5. The exchange value of an article is the same as the SELLING PRICE of the article. (1)
6. One of the advantages of competition is that businesses will try to sell the best QUALITY
product at the LOWEST price to attract more customers. (2)
Task 8:
1.
2. The equilibrium point has shifted to the right. This means that the price that the customers are
prepared to pay for the product has increased and the quantity has increased too. In other
words, more goods can be supplied.
3.
Source: http://www.uri.edu/artsci/newecn/Classes/Art/INT1/Eco/S_D/Comparative.Statics.
html [Downloaded 8 October 20xx]
4. The equilibrium point has shifted to the left. The price has increased but the quantity supplied
has decreased. So the product becomes more expensive.
Task 9:
3. The National Union of Metalworkers of South Africa (Numsa) is the largest trade union in
South Africa and the biggest union of metalworkers on the continent.
Source: http://www.huffingtonpost.co.za/camalita-naicker/where-numsa-sas-biggest-and-most-militant-trade-union-is-goin_a_21632347/
[Downloaded: 25 January 2018]
NOTE: COSATA is a Congress of Unions, and the above information may change. Educators need
to check at the time of doing the exercise.
5. Students’ articles’ will dictate answers. Ensure that they address the three issues specifically.
Task 10:
List three careers that you are personally interested in, and the Trade Unions that represent them:
Task 11:
Task 12.1:
Task 12.2:
Task 13:
Task 14:
Cash Receipts Journal of DJ’s for ALL for January 20xx CRJ1
Task 15:
Cash Receipts Journal of Zippy’s Waste Removal for October 20xx CRJ1
Task 16:
Sundry
Doc Day Name of Payee Fol Bank Wages Stationery Fol Details
Amount
Q Doring
3 5 550 - 5 550 -
541 Distributors
542 Cash 14 000 - 14 000 -
Cresta
Rent
5 Management 8 990 - 8 990 -
543 Expense
Services
Teddy Suppliers 4 645 - 4 645 - Stationery
544
545 9 Cash 7 220 - 7 220 -
Task 17:
Material Sundry
Doc Day Name of Payee Fol Bank Equipment Fol Details
Cost Amount
Q Water and
1 Municipality 892 - 892 -
222 Electricity
Rent
223 Fran’s Properties 5 600 - 5 600 -
Expense
224 Comp-Limited 10 000 - 10 000 -
Task 18:
Sundry
Doc Day Name of Payee Fol Bank Stationery Wages Fol Details
Amount
Q01 1 Colombo Estates 5 550 - 5 550 - Rent expense
03 6 Montana- Traders 55 - 55 -
Task 19:
Sundry
Doc Day Name of Payee Fol Bank Equipment Wages Fol Details
Amount
Q
3 Tina’s Traders 3 450 3 450
01
Rent
02 Dik-Daan Estates 5 980 5 980
expense
03 10 Rooibos-Rand 6 700 6 700
Siembamba Land and
04 13 175 000 175 000
Estates buildings
05 15 Jimmy’s 10 700 10 700
Packing
06 Bennies Dealers 1 600 1 600
material
07 20 Cash 1 200 1 200
Task 20:
B2 N1
Sundry
Doc D Name of Payee Fol Bank Equipment Wages Fol Detail
Amount
01 1 Fiela Frames 640 - 640 - N4 Stationery
Capital B1
20xx
1 Bank CRJ 78 000 00
Aug
30 Bank CRJ 49 300 00
127 300 00
Drawings B2
20xx
28 Bank CPJ1 5 830 00
Aug
Equipment B4
20xx
31 Bank CPJ 12 024 00
Aug
Bank B5
20xx 20xx
31 TotalReceipts CRJ 144 307 00 31 Total Payments CPJ 133 044 00
Aug Aug
Balance C/d 11 263 00
Task 21:
B5 N1
Sundry
Doc D Name of Payee Fol Bank Wages Stationery Fol Details
Amount
Dean Land and
01 1 250 000 - 250 000 - B2
Developers Buildings
Water and
02 4 Municipality 560 - 560 - N5
Electricity
03 6 Cash 1 500 - 1 500 -
FRB
04 480 - 480 -
Partnership
05 9 Manie Motors 185 000 - 185 000 - B3 Vehicles
B5 N3 N4
Capital B1
20xx
1 Bank CRJ1 550 000 -
Feb
12 Bank CRJ1 100 000 -
650 000 -
Land and Buildings B3
20xx
1 Bank CPJ1 250 000 -
Feb
Vehicles B4
20xx
8 Bank CPJ1 185 000 -
Feb
Bank B1
20xx Total Receipts 20xx Total Payments
Feb 28 or Sundry CRJ1 671 644 - Feb 28 or Sundry CPJ1 471 450 -
Accounts Accounts
Balance C/d 200 194 -
671 644 - 671 644 -
Mar 1 Balance B/d 200 194 -
Current Income N1
20xx
28 Bank CRJ1 17 544 -
Feb
Rent Income N2
20xx
15 Bank CRJ1 4 100 -
Feb
Wages N3
20xx
28 Bank CPJ1 17 230 -
Feb
Stationery N4
20xx
28 Bank CPJ1 9 180 -
Feb
Packing Material N6
20xx
18 Bank CPJ1 6 980 -
Feb
Rent Expense N7
20xx
21 Bank CPJ1 2 500 -
Feb
Task 22:
Task 23:
Task 24:
Task 25:
Task 26:
Bank B1
Total receipts
20xx
31 or Sundry CRJ1 511 095 -
Mar
Accounts
Trading Inventory B2
20xx
31 Cost of Sales CRJ1 12 000 -
Mar
Cost of Sales N2
20xx Trading
31 CRJ1 12 000 -
Mar Inventory
Task 27:
General Ledger of
Capital B1
20xx
1 Balance b/d 20 000 -
Dec
Bank CRJ1 500 000 -
8 Bank CRJ1 32 000 -
28 Bank CRJ1 20 000 -
572 000 -
Bank B2
20xx
1 Balance b/d 255 000 -
Dec
31 Total Receipts CRJ1 618 472 -
873 472 -
Trading Inventory B3
20xx 20xx
1 Balance b/d 100 000 - 31 Cost of Sales CRJ1 47 480 -
Dec Dec
Balance c/d 52 520 -
100 000 - 100 000 -
20xx
1 Balance b/d 52 520 -
Jan
Sales N1
20xx
1 Total b/d 135 000 -
Dec
31 Bank CRJ1 66 472 -
201 472 -
Cost of Sales N2
20xx
1 Total b/d 96 000 -
Dec
Trading
31 CRJ1 47 480 -
Inventory
143 480 -
Task 28:
Bank B3
20xx 20xx
1 Balance b/d 90 000 - 31 Total Payments CPJ1 108 245 -
May May
31 Total Receipts CRJ1 362 800 - Balance c/d 344 555 -
452 800 - 452 800 -
June 1 Balance b/d 344 555 -
Trading Inventory B4
20xx 20xx
1 Balance b/d 60 000 - 31 Cost of Sales CRJ1 6 400 -
May May
3 Bank CPJ1 25 000 - Balance c/d 81 000 -
16 Bank CPJ1 2400
87 400 - 87 400 -
20xx
1 Balance b/d 81 000 -
June
Cost of Sales N2
20xx
1 Total b/d 60 000 -
May
Trading
31 CRJ1 6 400 -
Inventory
66 400 -
Task 29:
Task 30:
Task 31:
Task 32:
3 455 - 2 120 -
Task 33:
Cash Receipts Journal of Akerman Traders Pty (Ltd) for September 20xx CRJ1
Doc Analysis of Cost of Debtors Sundry
Day Details Fol Bank Sales Details
no. Receipts sales control Amount Fol
46 1 L Akerman 200 000 200 000 200 000 Capital
N1 B1 B2
Centrino CC DL3
20xx
1 Account Rendered 27 000 -
Sept
4 Duplicate Invoice 100 DJ1 18 000 - 45 000 -
Sales
20xx
1 Total b/d 55 000 -
Sept
30 Debtors Control DJ1 56 625 -
160 750 -
Cost of Sales
20xx
1 Total b/d 37 692 -
Sept
Trading
30 CRJ1 36 346 15
Inventory
Trading
DJ1 37 750 -
Inventory
111 788 15
Task 34:
Task 34.1:
Debtors
Doc Day Debtor Fol Cost of sales
allowances
CN25 4 Randall Boggs 805 - 460 -
CN26 10 J Sullivan 560 - 320 -
CN27 18 Waternoose 227 50 130 -
1 592 50 910 -
Task 35:
Zeus’s Packagers C2
20xx
8 Original Invoice 26 CJ1 578 - 578 -
March
Johnson Wholesalers C3
20xx
15 Original Invoice 27 CJ1 18 000 - 18 000 -
March
19 Original Invoice 28 2 000 - 20 000 -
Task 36:
Trading Inventory
20xx
1 Balance b/d 25 698 -
Mar
Creditors
31 CJ1 12 898 -
Control
Bank CPJ 2 000 -
40 596 -
Creditors Control
20xx 20xx
31 Bank CPJ6 22 004 - 1 Balance b/d 14 390 -
Mar Mar
Sundry
Balance c/d 21 173 - 31 CJ6 28 787 -
accounts
43 177 - 43 177 -
20xx
1 Balance b/d 21 173 -
April
Stationery
20xx
1 Total b/d 329 -
Mar
Creditors
31 CJ6 6 116 -
control
6 445 -
Telephone
20xx
3 Bank CPJ6 567 -
Mar
Task 37:
Task 37.1:
Mkhize
DN1 2 220 - 180 - 40 -
Suppliers
Top Shot
DN2 15 260 - 260 -
Stores
Top Gear
DN3 21 202 - 202 -
Advertisers
Task 38:
Olympic Clothes
Balance Sheet on 31 August 20xx
ASSETS Note
Non-Current Assets 845 000 -
Tangible Assets 1 845 000 -
Current Assets 243 500 -
Inventory 148 000 -
Trade and other receivables 54 000 -
Cash and cash equivalents 2 41 500 -
TOTAL ASSETS 1 088 500 -
EQUITY and LIABILITIES
Owner’s Equity 3 814 000 -
Non-Current Liabilities 230 000 -
Mortgage Loan: FNB 230 000 -
Current Liabilities 44 500 -
Trade and other payables 44 500 -
TOTAL EQUITY AND LIABILITIES 1 088 500 -
1. Tangible Assets
Land and Buildings R520 000
Vehicles R255 000
Equipment R 70 000
R845 000
3. Owners equity
Capital balance R400 000
Net Profit R494 000
Drawings (80 000)
R814 000
Task 39:
Profitability ratio:
97 650 : 41 250
2,4 :1
This means that for every R1 that the business needs to pay short term debt, they are able
to generate R2.40 in short term assets. In other words, the business is liquid because short
term liabilities can be covered by short term assets.
Solvency ratio:
2,1:1
If the business is Insolvent it means the business is bankrupt, ie owes more than it owns.
In this case the business is solvent because for every R1 is owes (liabilities) it is able to
generate R2.10 if all assets are sold.
Return on Investment
Return on total capital employed = Net profit/(Owner’s equity + long term borrowed capital) x
100/1
Chapter 3: ENTREPRENEURSHIP
Unit 1: Sectors of the Economy
Task 40:
Criteria
Are all 3 sectors labelled ? 2
Are all 3 examples listed ? 2
Have suitable pictures been used ? 2
Is the poster neatly presented ? 2
Has a link been shown between the sectors ? 2
10
Task 41:
NOTE: Students could argue additional sectors, e.g. the fishmonger may sell his own wares. The
motivation, and showing understanding of the concept is what is important.
Task 42:
Ensure that groups are brainstorming widely and looking at possibilities and opportunities,
depending on the school policy i.e. are they able to sell at sports functions or only at the market
day?
What are their options: What access do they have to goods or services through parents etc?
Mindmap should be detailed before they make a decision. See Worksheet 1 at end of book.
Task 43:
Ensure that they look at all the FOP: Capital, Raw Materials, Labour and Entrepreneurship and
address each one, even if, for example, they will not be using any outside labour.
Name must be appropriate and have a reason – what does it represent? Do they have a logo and
business identity?
Ensure that they have covered all aspects regarding purchasing - do they have serviettes if it is a
food product, do they have wrapping, receipt books (or printed receipts) etc.?
Task 44:
Principal:
○○ They way he/she dresses as they meet a lot of parents and important people
○○ The way they speak to school at assemblies, parents, prospective parents and other
gatherings
Staff
○○ The way they represent the school at inter-school meetings/ sports events/ exam committees/
marking sessions etc.
Receptionists
○○ The information they have to direct personal or phone enquiries to the right people
○○ The way they handle upset parents, suppliers etc (remember they are at the front line of
service)
Prefect
○○ the way they treat juniors and whether they earn respect.
Yourself
○○ the way you wear your uniform and act when in public
Task 45:
Task 46:
Task 47:
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Bubbles Inside
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Simply scan the QR codes or click on the active links in the eBook
version.
Introducing bubbles
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