3 a. Define budgeting b. Define inventory c. State objective of inventory control d. Explain 6 reason of consulting a physical inventory e. State 5 principles of budgeting f. Explain 5 approches that can be used in budgeting

2 Jane sells jewellery. Her weekly commission is based on a sliding scale of on the first \( \$ 2500 \) of her sales, \( 5 \% \) on the next \( \$ 5000 \) and \( 1 \% \) thereafter. She also gets a weekly retainer of \( \$ 500 \) Jane's weekly commission

Consider the information in the article above. Critically reflect on the types of risk categories that face Southern African financial institutions.

A farm purchased in 2000 for \( \$ 1 \) million was valued at \( \$ 3 \) million in 2008. If the farm continues to appreciate at the same rate (with continuous compounding), when will it be worth \( \$ 14 \) million? Find a function \( \mathrm{A}(\mathrm{t}) \) that gives the current value of the farm. \( \mathrm{A}(\mathrm{t})=\square \) (Type an exact answer.)

\begin{tabular}{ll|l|}\hline A. UNA SERIE DE PAGOS MESUALES SE INICIA HOY CON UN AHORRO DE \( \$ 50.000 \) EN EL MES 1 DE \( \$ 60.000 \), EN \\ EL MES \( 2 \$ 70.000 \) Y ASI SUCESIVAMENIE HASTA LLEGAR A EL MES 23. PARA UNA TASA DE INTERES DEL \( 32 \% \) \\ \hline\end{tabular}

What is the approximate balance after 20 years? Choose the correct answer below. \( \begin{array}{ll}\text { A. } \$ 200 & \text { B. } \$ 400 \\ \text { C. } \$ 100 & \text { D. } \$ 10 \\ \text { b) About how fast is the balance increasing after } 20 \text { years? } \\ \text { Choose the correct answer below. } \\ \begin{array}{ll}\text { A. } \$ 5 / y e a r & \text { B. } \$ 200 / y e a r \\ \text { C. } \$ 20 / y e a r & \\ \text { c) Use the answers to parts a) and b) to determine the interest rate. }\end{array} \\ \text { The interest rate is } \square \% .\end{array} \)