ALL LEVEL TWO COC QUESTIONS
PROJECT 1
 Given suppose Ato Getachew is an employee of x- company and his monthly salary
income is birr 10,000 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 ABC Company 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
 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
IF IT IS FEEL GOOD JUST DO IT:
 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 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 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?
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 employees to the
IF IT IS FEEL GOOD JUST DO IT:
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 a cafe after a year. The total capital needed to open the business birr
100,000. To achieve the goal atokidane deposit 1000 per month starting from January 2015 up
to 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?
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 1
 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 the. 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
 Ato biniyam 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.
IF IT IS FEEL GOOD JUST DO IT:
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 Addis Ababa 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 lo9an 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 expense?
Project 1
 Both star and Abc business area sole proprietorship vat registered business. A star
business purchased items with a cost 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?
Project 2
Task2.1. demonstrate safety procedures to work effectively in the financial service sector?
Task2.2. demonstrate workplace technology?r
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
IF IT IS FEEL GOOD JUST DO IT:
 Ato fantahun 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?
 Ato fantahun 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 2
 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
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
IF IT IS FEEL GOOD JUST DO IT:
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
budget for
number
budget for for January
February
january
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
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
backperiods 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
IF IT IS FEEL GOOD JUST DO IT:
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 tamerat 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
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
IF IT IS FEEL GOOD JUST DO IT:
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 semiannually for five years. Assume you must use simple interest method to calculate the interest.
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 asks you advice that he/she has birr 200,000 which will be idle the
coming two years
IF IT IS FEEL GOOD JUST DO IT:
A, saving account
B, current account
C, time deposit in the long term
Project one
The following actual and estimated data are for ATO MEGERSA for the month of December
2015:
DISCRIPTION
Actual budget
Budget for December
December 2015
2015
Net Salary
4000
4000
par time
300
300
Clothing
500
200
Food
200
200
School fee
400
400
House rent
1000
1000
Utility expense
100
100
Personal expense
100
150
Entertainment expense
300
250
Transport expenses
Other expenses
150
150
200
150
ADDITIONAL INFORMATION
1. The quarterly month’s Net salary increase of ATO MEGERSA increased by 15% for the
coming year
2. All expenditures are estimated to increase by 5% for January, 10% for February and 15%
for march in 2016
3. Par time earnings of the coming new years are br.200 for January, br.100 for February,
and br.400 for march
Required
Task1.1. prepare personal budget for the month of January, February and march 2016?
Task1.2. determine the increase in saving percentage for each month?
Task 1.3. what are the risks related to business activities?
Project two
 ATO MEGERSA deposited 100,000 birrs to DASHEN bank for one year at interest rate of
5 percent.
Task2.1 calculate total interest after one year
Task2.2 what is the balance of ATO MEGERSA after one year?
Project three
IF IT IS FEEL GOOD JUST DO IT:
ABC plc. Is a merchandizing company engaged in buying and selling of variety products in
Ethiopia. As per the Ethiopia tax regulation. The PLC is a VAT registered company. During the
current month the following transactions occurred related to ABC PLC.
1. VAT exclusive sales for the month of amounted to br. 100,000
2. VAT exclusive purchase for the month amounted to br. 70,000
3. Excise tax br.6000
4. Dividend income received during the month amounted to br.10,000
5. Interest income tax on deposit br.500
6. Employment income tax br.7000
Task1.1. calculate direct tax liability of the business for the month?
Task1.2. calculate indirect tax liability of the business for the month?
IF IT IS FEEL GOOD JUST DO IT!!!!!
IF IT IS FEEL GOOD JUST DO IT:
Serial
number
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Types of taxes
amount
Tax on income from employment
Business profit tax
Liability
Tax on income from renting of building
Tax on interest income on deposits
Turn over tax
Cash
Dividend income tax
Tax on income from royalties
Capital
Tax on gain of transfer of certain investment property
Excise tax
Value added tax
Rendering technical service outside Ethiopia
Land use tax
Custom duty
Tax on income from rent of property
3700
32,250
21,150
81,250
5350
14,280
32,000
13,000
21,000
9000
5150
36,280
73,350
10,000
9800
42,000
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 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?
IF IT IS FEEL GOOD JUST DO IT:
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 semiannually 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?
updated
 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 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?
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
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?
IF IT IS FEEL GOOD JUST DO IT:
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?
Task1.3. explain and list direct taxes and indirect taxes?
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
HDL manufacturing company 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 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?
IF IT IS FEEL GOOD JUST DO IT:
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?
Project one
 Zebra company works on coffee import and export activities. In the budget year 2018. The
company’s transactions are purchase of coffee products for br.2,400,000 including VAT from
SIDAMO and also additional product purchase from Oromia for br.1,500,000 before VAT. The
company imported coffee washing machine for br.600,000 before VAT. During the year the
company export coffee to Saudi Arabia and south Africa for br.4,500,000 and 3,000,000
respectively VAT inclusive. Zebra company also paid salary expense of br.90,000, advertising
expense of br.50,000, store expense of br.120,000, utility expense of br.50,000 and 30% of
business profit tax.
Task1.1. calculate direct tax?
Task1.2. calculate indirect tax?
Task1.3. list direct and indirect tax categories?
Project two
 W/RO BETELHEM ABEBE working in health care foundation in east Africa in Ethiopia branch
office. She has income and expenditures for the year 2018, monthly net salary br.10,500,
transport allowance br.2500 non-taxable, position allowance br.1500 nontaxable and first
January loan br. 6400 for credit and saving association. The income except loan for the first
quarter is constant and the expenditures for fixed expenditures per month service charge is
br.75, interest for loan borrowed is br.192, EQUIB contribution br.1700, for condomiunm
housing 40/60 contribution br.3200, and variable expenditures for fuel expense br.1300,
transport expense br.1780, medical expense br.2950. for the month of march additional
unexpected expense br.500 (budget year January to December 31). Based on the above
information perform the following tasks: Task2.1. prepare first quarter budget for 2018?
Task2.2. demonstrate factors that affect budget?
Task2.3. demonstrate different ways of increasing income?
Project three
 MIDROC group company wants to invest for the expansion of gold mining in SHAKISO. The total
capital needed for the expansion of the project is br.9,000,000. To achieve the plan 25% of the
capital covered by loan from development bank of Ethiopia. The company agreed to borrow
the loan at interest rate of 13% paid monthly at equal installment for 5 years and service
charge of 6% of the total loan amount equally distribute for 5 years. Based on the above
information perform the following tasks:
Task 3.1. calculate the total interest expense and service charge at the end of first year (2017)?
Task3.2. calculate the total service charge at the end of five year?
Task3.3. demonstrate types of loan given by banks?
Task 3.4. demonstrate investment risks?
IF IT IS FEEL GOOD JUST DO IT:
IF IT IS FEEL GOOD JUST DO IT: