ALL LEVEL TWO COC QUESTIONS

PROJECT 1

 Given suppose Ato Getachew is an employee of CBE /x- company/ and his/ monthly
/salary income is birr 10,000 /for the month of January 2010/ and for each New Year his
salary increases or growth by 10%. The budgeted variable expenditure is 30% of salary
and the remaining covers fixed expenditure and saving plan. His saving plan is 5% of
fixed expenditure. At the end of December 31, the actual variable expenditure is 80% of
budgeted variable expenditure, no changes to fixed expenditure and deficit or surplus is
added or deducted from personal saving, for the month of January, variable expenditure
increase or growth by 10%.
Task1.1. demonstrate personal budget for the month of December and January?
Task1.2. demonstrate budget variance (budget performance report) for the month of
December?
Task1.3. describe reasons for the budget variance (surplus)?
Project 2
 Assume your investment requires total capital of birr 120,000 of which you can have
birr 30,000 in your hand and borrowed the remaining amount. You expected to earn
monthly revenue of birr 40,000. In order to fulfill your financial requirements, you have
two alternatives: -
Alternatives 1: - you will have borrowed the deficit of capital from bank at an interest
rate of 12% for two years related service charge will be birr 2400 and account service fee
of birr 2000.
Alternatives 2: - you will have borrowed the deficit of capital from bank at an interest
rate of 13% for three years’ period which will be settled equally at the end of period
service charge will be birr 1,000.
Task2.1. which alternatives are best? (Show your answer with calculation)
Task2.2. calculate estimated rate of return on your investment?
Task2.3. Identify the source document?
Project 3
 Suppose ABCCompany is a vat registered company. During the year of 2011 the
company earned birr 3,500,000 from sales vat inclusive. The company purchased
materials and imported at accost of birr 500,000 before vat. During the year, the
company paid birr 35,000 for excise tax and custom duty of 20,000. In addition, the
company incurred other expense of birr 1,000,000. The company also charged profit tax
of 30%.
Task3.1. calculate the direct tax?
Task3.2. calculate the indirect tax?
Task3.3. identify the documents of taxation?
Project 1

INSTRUCTOR. MERGA A.
  Suppose selamsew an employee of xy company who earns permanent weekly salary of
birr 325 during the year f 2012. The monthly budget expenditure for 2012 are as
follows: -
 Rent cost…………………………………………birr 250 per month
 Transport cost………………………………..birr 100 per month
 Communication……………………………..birr 50 per month
 Maintenance…………………………………birr 60 per month
 Food cost………………………………………birr 140 per month
 Insurance cost………………………………birr 150 per month
Selamsew plans to save the following costs for 2013 for the 20/80 condominium house plan
 50% of communication cost
 30% of transport cost
 5% of maintenance cost
 10% of rent cost
 15% of food cost
Task1.1. prepare the annual budget of selamsew. Monthly for 2013 and increases the amount of
saving for the new 20/80 house plan.
Task1.2. calculate saving percentage increase for the year?
Project 2
 Assume the mesfine industrial engineering engaged in rental construction machinery the
company imports different kinds of construction materials. In the year 2012, the
company imports different kinds of construction materials. In the year 2012, the
company imported machine at acost of birr 2,500,000 of which 60% machinery covered
by credit facility from dashen bank. The loan will be repaid within 5 years at equal
installment quarterly at a cost of 12% interest rate. The total service charge and cost
related to credit facility is 2000for the first year and 2500 for the second year of loan
period. Assume the bank policy is simple interest rate on outstanding loans and
advances.
Task2.1. calculate the principal repayment and cost of loans for the first year loan period?
Task2.2. calculate the principal repayment and cost of loan for the second year loan
period?
Task2.3. what is the outstanding balance of loan at the end of 3-year loan period?
Task2.4. mention at list five the roles of credit facility for society?
 Assume the mesfine industrial engineering engaged in rental construction machinery the
company imports different kinds of construction materials. In the year 2012, the
company imports different kinds of construction materials. In the year 2012, the
company imported machine at a cost of birr 2,500,000 of which 60% machinery covered
by credit facility from dashen bank. The loan will be repaid within 5 years at equal
installment monthly at a cost of 12% interest rate. The total service charge and cost
related to credit facility is 2000for the first year and 2500 for the second year of loan

INSTRUCTOR. MERGA A.
 period. Assume the bank policy is simple interest rate on outstanding loans and
advances.
Task2.1. calculate the principal repayment and cost of loans for the first year loan period?
Task2.2. calculate the principal repayment and cost of loan for the second year loan
period?
Task2.3. what is the outstanding balance of loan at the end of 3-year loan period?
Task2.4. mention at list five the roles of credit facility for society?

Project 3
 Abc Share Company is registered and license supplier of injera to different universities
in Ethiopian. During the year 2012 the company earns as income of birr 1,500,000 and
1,800,000 from BU and AAU respectively and including vat. The total cost of the
product is 1,980,000 before vat. In addition, the company earns 160,000 per year from
other source of income with zero vat rates. In the other hand the company incurred birr
300,000 general and administration expense for the year. Du7ring the last month 2012
the company with hold birr 65,000 for employment income tax the company is expected
to paying 30% profit tax.
Task3.1. calculate the direct tax for the year?
Task3.2. calculate the indirect tax for the year?
Project 1
Suppose atoalemu is an employee of xy company and his salary of birr 750 per week. In January
2015 the company paid two monthly net salaries as a bonus for each employee to the
performance of the year 2015. Atoalemu has fixed and variable expenditures. Fixed expenditures
are university fee 100, transport 200, and rent 300, magazine 40. And variable expenditures are
cloth 50, mobile card 25, recreation 100, and gas 70, in order to increase his saving atoalemu
understand to change his behavior and skill. He decided to decrease variable expenditure by 5%
starting from February 2016. (the budgeted year of the company is from January 1 to December
31)
Task1.1. calculate total saving for the month of January 2015?
Task1.2. calculate the total saving for the month of February 2016?
Task1.3. demonstrate required behavior and skill to sucessing budgeting?
Task1.4. demonstrate obstacle of atoalemu to achieve financial goal?
Project 2
Atokidane plan to open acafe after ayear. The total capital needed to open the business birr
100,000. To achieve the goal atokidane deposit 1000 per month starting from January 2015 upto
December 31, 2015 to dashen bank at hawassa. During this period atokidane earn interest income
of birr 2008 for deposited cash at the dashen bank. After one year (January 2016) atokidane give
a loan proposal for deficit capital to dashen bank at interest rate of 10% paid quarterly at equal
installment and management fee 5% of the loan amount equally distribute.
Task2.1. calculate the deficit capital of atokidane, if withdrawal all deposited amount of money?

INSTRUCTOR. MERGA A.
Task2.2. calculate the total interest expense and service charge at the end of the second year
(2016 and 2017)
Task2.3. if the government announce budget for the year 2009e.c. birr 200 billion, ERCA plan to
generate internal revenue of 180 billion for the year 2010 e.c. Demonstrate the instrument traded
on the short term market in order to fulfill budget deficiency?
Task2.4. demonstrate information provided to customer assuming you are bank clerk in dashen
bank?
Project 3
 Both star and Abc business area sole proprietorship vat registered business. A star
business purchased items with acost of birr 250,000 vat inclusive and sold the items to
ABC business with birr 320,000 before vat. ABC resold the products with birr 150,000
vat inclusive. On the other hand, STAR business incurred an operating expense and
withhold employment income tax of birr 50,000 and 12,000 respectively. ABC
Company birr 10,000 and 11,500 respectively.
Task1.1. calculate the total direct tax liability of both company?
Task1.2. calculate the total indirect tax liability of both company?
Task1.3. list the two possible ways of stamp duty?

 Dc manufacturing company purchased raw materials for birr 750,000 after vat and sold
the produced products by birr 1,850,000 vat including during the year of 2014. The
company was incurred total operating expense of birr 250,000 and subjected to pay 30%
business profit tax. The company was declared bonus of birr 21,500 for the year of 2014
to ato Samuel for them. Month of January, February and March at equal installment on
January 2015. In January 2015 the earning of ato Samuel is 7600 and 1200 0f basic
salary and overtime respectively.
Task1.1. determine direct tax liability of dc manufacturing company for the month of
December 2014?
Task1.2. determine total direct tax liability of ato Samuel for the month of January 2015?
Task1.3. determine indirect tax liability of dc manufacturing for the month of dec2014?
 Dc manufacturing company purchased raw materials for birr 750,000 after vat and sold
the produced products by birr 1,850,000 vat including during the year of 2014. The
company was incurred total operating expense of birr 250,000 and subjected to pay 30%
business profit tax. The company was declared bonus of birr 48,000 for the year of 2014
to ato Samuel for them. Month of January, February and March at equal installment on
January 2015. In January 2015 the earning of ato Samuel is 7600 and 1200 0f basic
salary and overtime respectively.
Task1.1. determine direct tax liability of dc manufacturing company for the month of
December 2014?
Task1.2. determine total direct tax liability of ato Samuel for the month of January 2015?
Task1.3. determine indirect tax liability of dc manufacturing for the month of dec2014?
Project 2

INSTRUCTOR. MERGA A.
  Atobiniyam net basic salary, house and transportation allowance is 3000, 1500, and
1000 respectively. 60% of his basic salary and transportation allowance is for his
variable expenditures. On the other hand, the sum of 50%of his variable expenditure and
70% of housing allowance is his fixed expense.
Task2.1. prepare his semiannual personal budget?
Task2.2. determine the percentage of variable Expenditure and saving amount from his
total earning?
Task2.3. determine the possible ways to reduce personal budget and personal saving?
Task2.4. list the possible guidelines that are used to open customer account?
Task2.5. determine at list five equipment’s which you are using in opening and
processing customer account?
 ATO BINIYAM net basic salary, house and transportation allowance is 3000, 1000, and
1500 respectively. 70% of his basic salary and housing allowance is for his variable
expenditures. On the other hand, 50%of his variable expenditure and transportation
allowance is his fixed expense the consumption excess of amount from his total
expenditures is saving amount.
Task2.1. prepare his semiannual personal budget?
Task2.2. determine the percentage of variable Expenditure and saving amount from his
total earning?
Task2.3. determine the possible ways to reduce personal budget and personal saving?
Task2.4. list the possible guidelines that are used to open customer account?
Task2.5. determine at list five equipment’s which you are using in opening and
processing customer account?

Project 3
 Ethio engineering corporation has signed road construction agreement with Ethiopian road
authority to renew the contract the main road from AddisAbaba to dire dawa with contract
amount of birr 250,000,000. 80% of the contract amount will be financed from the loan released
by commercial bank of Ethiopian at annual interest rate of 13% to be paid as per the following
term of payments.
 At the end of the 1styear……………………….10% of the liability
 At the end of the 2ndyear……………………….20% of the principal
 At the end of the 3rdyear……………………….30% of the principal
 At the end of the 4thyyear…………………….20% of the principal
 At the end of the 5thyear………………………15% of the principal
 At the end of the 6thyear…………………….5% of the principal
Task3.1. calculate amount of loan received from commercial bank of Ethiopian?
Task3.2. calculate the amount of principal and interest payment for the second year?
Task3.3. calculate the outstanding balance at the end of 5thyear including interest rate?
Task3.4. calculate the total interest of the loan?

INSTRUCTOR. MERGA A.
Project 1
Task2.1. demonstrate safety procedures to work effectively in the financial service sector?
Task2.2. demonstrate workplace technology?
Task2.3. how to support a team member in the workplace?
Project 3
 Belgium plc. Paid 3000 on November 2014 for vat liability. The company sales is birr
1,541,000 vats inclusive the company also paid 6000 as an employment income tax for
the month. The administrative expenses of place birr 15,000.
 Task3.1. calculate direct tax liability of the company as of November?
Task3.2. calculate vat input and output?
Project 1
 Atofantahun earns birr 9500 basic salary and his monthly expenses is given as follows: -
 Clothing expense……………………………….12%
 Food expense…………………………………….20%
 Rent expense……………………………………30%
 Education expense…………………………….5%
 Transportation expense………………….5%
Task1.1. prepare monthly and annually budget for ATO FANTAHUN?
 Atofantahun want to open and run new business with required capital of birr 80,520 based on
his annual saving he borrowed the remaining amount from bank at 8.5% interest rate semi –
annually at equal installment with three years.
Task1.2. calculate the amount of borrowed (received) from bank?
Task1.3. determine principal and interest repayment for first year?
Task1.4. determine the outstanding balance at the end of second year?
Project 3
 Alem company purchased office equipment for birr 115,000 before vat. The company has
five employees to provide services. The employment income tax is birr 12,000 per
month. During the year 2012 the company earned birr 446,500 inclusive vat by providing
service business. Profit taxis birr 30,000.
Task2.1. calculate both direct and indirect tax liability for the year of 2012?

Project 1
 The following is data is given for the personal income and expenditures for the kaleb demela
from January to October 2014. Ato kaleb wants to save the remaining income after all
expenditures are covered.

Description July august September October November December Total

Clothing 1377 - 1377 - 1660.7
House operation 6200 6480 6120 7038 7038 7038
Over time work 300 - 300 345 345
Part time work - 1200 - - 1200

INSTRUCTOR. MERGA A.
 Basic Salary 15,000 15,000 15,000 17,250
Miscellaneous 760 810 765 880 923 880
expense
Repair expense 1530 1670 1530 1759.5 1845 1757.5
Utility expense 306 324 306 351.9 369 351.9
Personal saving

 Task1.1. rearrange the above data and prepare the six-month budget for kaleb?
 Task1.2. identify the business opportunity that is available in order to establish a business?
 Task1.3. identify the advantages of personal saving, investment and related risk on
investment?

Project two

 The national bank borrowing interest rate from 12% to 13% and saving interest from 5% to
6%. If Alem company borrowed birr 100,000 record the interest the interest expense after
one year?

Project 3
 Alem company purchased office equipment for birr 115,000 before vat. The company has
five employees to provide services. The employment income tax is birr 12,000 per
month. During the year 2012 the company earned birr 446,500 inclusive vat by providing
service business. Profit taxis birr 30,000.
Task2.1. calculate both direct and indirect tax liability for the year of 2012?
Project 4
Ato biniyam is an employee of xyz company his monthly net salary is birr 1950 during the year
for the month of January and February. The budget allocation is the month for January and
February. Actual expenditures are presented: -

Serial Description Allocated Actual budget for budget for

number budget for January February
February
1 Housing operation 675 774 675
2 Wash clothing 130 105 130
3 Gift 80 79 80
4 Miscellaneous 70 70 70
5 Clothing 200 177 200
6 Saving 70 70 70
7 Education 90 57 90
8 Food 560 575 560
9 Utility expense 75 75 75

INSTRUCTOR. MERGA A.
 Total 1950 1982 1950
Task4.1. prepare personal budget variance for the month of January?
Task4.2. prepare the budget allocation for the month of February?
Task4.3. calculate the percentage of saving for the year?
Project two
 ato Mikael wants to do a business far away from ADDIS ABABA 20k.m, initially the
capital was br. 90,000 br. Cash at bank 5000. He needs to reach his monthly income to
40,000br.
Option 1
Borrow the deficit capital from commercial bank of Ethiopia by 14% interest rate for the
periods of 2 years that will be paid yearly with equal installment.
Option 2
Borrow the deficit from credit & saving association with 15% interest rate for the pay
back periods of years to be paid yearly with equal installment
Project three
Haile networking is the ICT infrastructure acquire for birr 150,000 vat exclusive. The company
has five permanent employees they are:-

Employees name Basic salary Taxable allowance

Tision alemayehu Br. 4300 600
Lidiya abatenh Br. 2900 500
Genzeb T/Mariam Br. 3200 300
Jelalu girma Br. 2500 300
Firyuna Siraj Br. 1500 200
And the company is collected & earned revenue during the year 2011 was br. 540,500 Vat
inclusive
Task 3.1. Calculate direct & indirect tax liabilities?
Project 1
The following data was given for ATO TAMERATE and perform the following data: -

Description Estimated income and Actual income and

expenditures for the month of expenditures for the month of
October, 2014 October, 2014
Food and related 2000 2100
Clothing 950 700
Salary(net) 4400 4400
House rent 1000 1000
Part time 1500 1200
School fees 650 650
Utility expense 50 50

INSTRUCTOR. MERGA A.
Task1.1. prepare personal budget report for the month of October, 2014?
Task1.2. prepare budget performance report for the month of October, 2014?
Task1.3. calculate percentage of estimated and actual saving?
Task1.4. by his annual saving ato tamerat is proposed to start new business. How do you advice
and contact feasibility study to the business?
Project two
Brother PLC has opened and maintained current account and checking account on nib
international bank s.c. the PLC has borrowed a loan amount of birr 200,000 paid lump sum after
one years at interest rate of 12% per annual.
Task1.1. calculate total amount of cash collected by NIB from brother plc. after one years?
Task1.2. Brother PLC wants to change his business and wants to cloth his account with your
bank. As a bank clerk what do you perform to cloth current account?
Task1.3. Writes the intermediately role of bank?
Tash1.4. what is the advantage of credit?
Project three
 dawit the owner of dawit general trading engaged in the sales of spare parts of bajage
vehicle with two employees. The business is not litigable registered of vat. Therefore, it
is eligible to register to pay turn over tax during the month, the business has sold the
spare parts for birr 35,000. The following data related to his employee’s earnings for the
month.

Name of employees Basic salary Over time earnings Taxable allowance

Bethlehemabebe 1000 200 50
Yodit ayele 500 100
Task3.1. calculate direct tax liability of the business for the month?
Task3.2. calculate Indirect tax liability of the business for the month?
Yosef company books of accounts show the following balances as of august 30, 1998
 Cash……………………………………………. 20,000
 Supply…………………………………………. 10,000
 Prepaid insurance………………………. 20,000
 Building………………………………………150,000
 Furniture……………………………………. 20,000
 Account payable…………………………10,000
 Note payable………………………………10,000
 Revenues……………………………………100,000
The company has a plan to expand its business with required capital of birr 400,000 received
acceptance from united bank to borrow the remaining amount with 10% interest rate semi-
annually for five years. Assume you must use simple interest method to calculate the interest.

INSTRUCTOR. MERGA A.
Task1.5. calculate the amount of loan received from united bank?
Task5.2. calculate the total interest amount?
Task5.3. record the necessary journal entries?
Task5.4. calculate the rate of return?

Task1.1. Write the relative investment opportunities?

Task1.2. if your customer ask you advice that he/she has birr 200,000 which will be idle the
coming two years
A, saving account
B, current account
C, time deposit in the long term

Project one

DISCRIPTION Actual budget December Budget for December

2015 2015
Salary 4000 4500
par time 200 200
Clothing 500 200
Food 2000 600
Transport 100 700
Utility 50 800
Education 100 900
maintenance 100 300
Wash clothing 150 100
House rent 200 500
House operation 150 100

ADDITIONAL INFORMATION
1. Net salary increase by 15% on the month January 2016
2. All expenditures increase by on January 5%, February by 10% and march 15%
3. Par timeof each month January 200, February 300, march 100
Required
Task1.1. prepare personal budget for the month of January, February and march?
Task1.1. calculate percentage of saving for each month?

Project two

INSTRUCTOR. MERGA A.
 1. Vat exclusive from sales…………………… 100,000
2. Vat exclusive from purchase……………… 70,000
3. Dividend receipt income………………………10,000
4. Interest income tax on deposits……….……500
5. Excise tax……………………………………………....6000
6. Stamp duty tax……………………………………….7200
Task1.1. calculate direct tax for the month?
Task1.2. calculate indirect tax for the month?
IF IT IS FEEL GOOD JUST DO IT!!!!!
PROJECT 1
Serial Types of taxes amount
number
1 Tax on income from employment 3700
2 Business profit tax 32,250
3 Liability 21,150
4 Tax on income from renting of building 81,250
5 Tax on interest income on deposits 5350
6 Turn over tax 14,280
7 Cash 32,000
8 Dividend income tax 13,000
9 Tax on income from royalties 21,000
10 Capital 9000
11 Tax on gain of transfer of certain investment property 5150
12 Excise tax 36,280
13 Value added tax 73,350
14 Rendering technical service outside Ethiopia 10,000
15 Land use tax 9800
16 Custom duty 42,000
17 Tax on income from rent of property 11,260

Required

Task 1.1. Calculate total direct taxes?

Task 1.2. Calculate indirect taxes?

Task 1.3. Demonstrate the role of tax in Ethiopian economy?

Project two

 Addis Ababa city inaugurates to create job opportunities for unemployment youth to
discuss how to organize and manage medium enterprises to textile Argo processing

INSTRUCTOR. MERGA A.
 industry to effectively and efficiently achieve the goal of the enterprises through
participating with others. Based on the given information perform the following tasks?
Task 2.1. Demonstrate the challenges in work with others?
Task 2.2. Demonstrate how to solve problems and conflicts with others?
Task 2.3. Demonstrate the strategies or opportunities to improve the enterprise goal?
Project three
 Waliya boutique is a merchandize business is planning to sell 60 quantities of cloths and
90 quantities of shoes with br. 500 and br. 600 per unit respectively for the month of
meskerem 2018. And the shop incurred the following expenses for the month: salary
expense br. 20,000, advertising expense br. 12,000, utilities expense br. 4000, debt
payment br. 2,600, commission expense br. 9500. And additionally the shop earns
revenue of br. 15,000 by renting his building. However, because of poor management the
shoe actual sales were 75% of the quantity of cloth and 80% of quantity of shoe.
Instruction:
Task 3.1. prepare budget for the month of meskerem 2018?
Task 3.2. prepare performance budget report for the month of meskerem 2018?
Task 3.3. demonstrate obstacles of your budget?
Project four
 Ato gebru borrowed money for the expansion of his business from the following banks: -
 From awash bank borrowed br. 180,000 at interest rate of 12% for 3 years paid
semi-annually at equal installment.
 From dashen bank borrowed br. 240,000 at interest rate of 12% for 2 years paid
for quarterly at equal installment.
 From credit and saving association borrowed br. 100,000 at interest rate of 14%
for 4 years paid annually at equal installment.
 Service charge per year for awash bank br. 1000, for dashen bank br. 1200 and for credit
and saving association br. 1400.
 Based on the above information perform the following tasks?
Task 4.1. calculate the total interest expenses and service charge at the end of the first
year for the three loans. (awash, dashen, credit association)?
Task 4.2. calculate the total interest expenses and service charge at the end of the second
year for the loans. Awash and credit association?
PROJECT ONE
Ato Belayneh receives 3000 birr from the supermarket he is working in as a salary. He
has the following expenditures. 800 birr for food, 430 birr for clothing, 70 birr for car gas
expense and 200 birr recreation.
Task 1.1 calculates personal saving?

item actual income & estimated income&

expenditures expenditures
income 90% 2100

INSTRUCTOR. MERGA A.
 cloth 100% 800
food 85% 400
gas 50% 200
recreation 70% 120
Task 1.2. Calculate the actual income and expenditure?
Task 1.3. Calculate actual saving and estimated saving?
Task 1.4. Calculate percentage of actual saving against estimated saving?

Project two

ABC is merchandising business enterprise engaged in the buying and selling of products. The
enterprise purchase and sell with birr 86,250 and birr 115,000 respectively. The enterprise has
two permanent employees:

name of basic salary overtime

employees
GETACHEW 1500 300
BEHAILU 800 400
TASK 1.1. Calculate direct tax liability

Task1.2. calculate indirect tax?

Project three

Hyrax plc. Wants to establish a business enterprise with an initial capital of birr 100,000. The
investor has 40,000 birr deposit and borrows the remaining amount from Dashin bank with an
interest rate of 10% that will be repaid after a year. You can working as a clerk in Dashen bank.
Task 3.1 calculates the cash and interest to be collected from Hyrax plc. After a year.

Project one

XYZ manufacturing imported material 2,500,000.00 purchase local / br 1000,000.00 before vat
for production of glove in 2014 the local custom duty charges are birr 200,000.00 birr paid to tax
authority the factory sales 30,000.00 glove at birr 150.00 each before vat including 2%sales
commission the company Paid 53,000.00 administrative expense and employee income tax of
30,000.00 imported martial are exempted from vat and withholding tax business profit tax is
30% . Task1.1 calculate net profit Task 1.2 calculate direct and indirect
tax? Task 1.3 identify relevant document to taxation
Project two

DL Hotel present loan proposal to Dashen bank and bank providing three credit option shames to
the loan the first option is to borrow birr 230,000.00 home mortgage to be paid with 8 year at
equal installment at the rate of 15%sami annual the second option at borrow 450,000.00 for 30
months at equal installment at rate of 13%sami annual and birr 300,000.00 for a year equal

INSTRUCTOR. MERGA A.
installment at rate of 12.5%semi annul respectively The bank agreed with the company and the
loan disbursed with additional service charge of birr 27,500.00 /one time borrowing cost for the
three loan/ Task2.1 calculate interest expense and other service charge
at the end of first year ? Task2.2 calculate total loan repaid at the end of
second year? Task2.3.demonstrate document required opening
bank account at AIB by the company? Task 2.4 what is the advantage of credit
facility
Project three Abebe at employees of 3f furniture company earn a monthly net income of birr
15,000.00 25% of the total income used to cover his fixed expense and the remaining income is
used to cover his variable expense and saving, saving is 15% of the variable expense for the
month December 2014 the actual variable cost is 85% the budget variable expense variable
expense budget deficit Surplus added to personal saving it is net income will be expected
increased 20% February month Task 3.1 prepare budget performance report to
the month of December 2014? Task 3.2 prepare personal budget of
March 2015? Task 3.3 calculate total
saving at the end of March 2015 and identify the related investment opportunity?
Tasks 3.4 identify investment risk of personal saving?

INSTRUCTOR. MERGA A.