economics case study grade 12 term 3 memo 2023

Most of the exam papers are available in English and Afrikaans

Summaries for Gr 12 Economics

There were no June exams, due to Covid

All videos and live-demonstrations on our course were performed in ‘Surgeon’s view’ (Fig.  1b ). This reduces cognitive overload as the student is able to directly emulate the steps of the skill rather than needing to mentally invert the process prior to task execution. Several authors have discussed the benefits of ‘Surgeon’s view’ camera angle for teaching of surgical skills and procedures [ 11 ,  14 , 15 , 16 ]. Co and Chu [ 11 ] placed their camera device behind the instructor when demonstrating the skill live. Out of the 30 students who participated in their study, 21 rated their view of surgical knot tying demonstrations between 7-10 out of 10 (Likert scale). Bizzotoo et al. [ 14 ], Nair et al. [ 15 ] and Chao et al. [ 16 ] discuss the utility of a head-mounted, commercially available camera device for teaching surgical procedures (GoPro®). Bizzotoo et al. [ 14 ] and Nair et al. [ 15 ] used their device to record surgical procedures and then edited the videos for the purposes of teaching. Both reported head-mounted camera angles as ideal for teaching, as the field of view of the surgeon was reproduced in the video recordings. A downside however, was that when the surgeon changed positions, for instance bending or stooping, the view could be compromised [ 15 ]. Chao et al. [ 16 ] utilised live-streaming of surgical procedures to create a virtual elective during the pandemic. Students were able to interact with the operating team during the procedures, promoting learning through engagement.

Our study has some limitations. Firstly, our results are based on the online delivery of an ophthalmic surgical skills session delivered to a small student cohort. We did not directly compare online delivery with face-to-face delivery of surgical skills teaching to see if one method is superior to the other in terms of gaining skills competency. Due to the pandemic, the majority of the teaching delivered was virtual, synchronous and didactic teaching and so a virtual interactive practical skills session may have been rated more favourably by the students. To account for this, we collected pre- and post- session questionnaires. We were also not able to formally assess student competency in the skills taught to provide a more objective measure of skills attainment. The majority of students in this cohort are pursuing an ophthalmic career and therefore may be more motivated to acquire surgical skills than a more generalised audience. However, the skills taught ranged from basic (tying a reef knot) to advanced (trabeculectomy releasable suture), indicating that online delivery can be utilised to teach a range of skills to students of varying levels; including those in postgraduate ophthalmic residency training.

In conclusion, we demonstrate the successful delivery of a virtual ophthalmic surgical skills session in terms of attainment of skills and student satisfaction. Detailed preparation of teaching and high instructor-to-student ratios are required for success. By conducting this session online we were able to widen accessibility and participation, which has future implications for surgical skills teaching and its reach.

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• ACCOUNTING TERM 3 CASE STUDY: BUDGETING

GRADE 12 ACCOUNTING: TERM 3 CASE STUDY BUDGETING: INFORMATION SHEET

JOHN’S DELIVERY SERVICES The information relates to John’s Delivery Services for the budget period July – September 2022. John Dew, the owner, started the business on 1 July 2022, after he was retrenched from his previous employment at a large delivery service company.

John’s investment (capital contribution) in the business comprises:

• His retrenchment package which amounted to R580 000.
• The following fixed assets, at carrying value on 1 July 2022.

To supplement his capital contribution, he has negotiated, and received a loan from Plus Bank for R240 000. The money was deposited into the business bank account on 1 July 2022. The terms of the loan are as follows:

• R6 000 to be paid at the end of each month, commencing on 31 July 2022
• Interest at 14% p.a. payable on the last day of each month (not capitalised).

John also has a fixed deposit that will mature on 31 July 2022. This earns interest at 8,5% p.a. (not capitalised). He intends to use this money and the interest, for business purposes. On 1 July 2022, John purchased a used bakkie for R165 000 in the name of the business, and uses the same depreciation policy for both business vehicles. He employed his cousin, Vinny, to drive this bakkie, making deliveries to clients. Vinny earns a monthly salary of R16 000. John runs the business from premises that he rented from the inception of the business, and pays a fixed monthly rental of R5 500. The premises has a garage for the vehicles, a workshop and an office. He employs his friend as the maintenance and general handyman, who earns R6 000 per month, and a receptionist who manages the clients and the general office administration duties. She is paid R1 120 per week (5 days per week; 4 weeks per month; 7 hours per day). Delivery services are offered to cash and credit customers. Fee income from cash customers accounts for 30% of the budgeted total fee income. Although credit terms are 30 days, John expects 45% of outstanding accounts to be settled in the month of services rendered and 55% to be received in the month following the month of services being rendered. Packing material and other consumable stores are related to the provision of services and is budgeted at 25% of the total fee income.

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• 60% of these supplies are purchased on credit.
• Creditors are paid in the month following the month of purchases, to receive the 5% early-payment discount.

The receptionist requested that John reduce her terms of employment as she wants to take up another part-time job opportunity as a tutor for evening class learners, commencing on 1 September 2022. John agreed to this proposal as the receptionist is mainly needed in the mornings. As from 1 September, she will work for only 4 hours per day (instead of the 7 hours) and her pay will be adjusted accordingly. Extract from the Cash Budget for the Budget period:

Incomplete Debtors Collection Schedule:

Comparison of PROJECTED figures and ACTUAL figures for July 2022:

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Gr.12 Economics Lesson Plan T3 W2: Inflation

Grade 12 Economics Lesson Plan Term 3 Week 2: Inflation

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