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FIN3702 – ASSESSMENT 1 SEMESTER 1 DUE 25 MARCH 2024 Working Capital Management
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FIN3702 – ASSESSMENT 1 SEMESTER 1 DUE 25 MARCH 2024 Working Capital Management
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3/24/24, 5:15 PM Assessment 1UNISA 2024 FIN3702-24-S1 Welcome Message Assessment 1
QUIZ
Question 1
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Thyme Bank Ltd has offered Pizza Parlour Ltd the following in response to a R250 000 one-year loan application which was
made to the bank. The stated rate was 9% and a 13% compensating balance. What will the effective annual rate be...
1.
7.00%
2.
8.75%.
3.
10.34%.
4.
13.00%.
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Question 2
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Three important line items on the statement of cash flows that must be obtained from the income statement include all the
following EXCEPT …
1.
interest expenses.
2.
net profit after taxes.
3.
depreciation and any non-cash charges.
4.
cash dividends paid on both preference and ordinary shares.
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16316408&cmid=889560#question-16523873-18 1/10
,3/24/24, 5:15 PM Assessment 1
Question 3
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The key inputs for preparing pro forma income statements using the simplified approaches are the …
1. sales forecast for the coming year and the cash budget for the preceding year.
2. cash budget for the coming year and sales forecast for the preceding year.
3.
sales forecast for the preceding year and financial statements for the coming year.
4.
sales forecast for the coming year and financial statements for the preceding year.
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Question 4
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A firm’s credit policy consists of which of the following items?
1. Credit period, cash discounts, credit standards, receivables monitoring.
2. Credit period, cash discounts, credit standards, collection policy.
3. Credit period, cash discounts, receivables monitoring, collection policy.
4. Cash discounts, credit standards, receivables monitoring, collection policy.
5. Credit period, receivables monitoring, credit standards, collection policy.
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, 3/24/24, 5:15 PM Assessment 1
Question 5
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Namo Ltd. has a receivables turnover rate of 19.5, a payables turnover of 11.8 and an inventory turnover rate of 18.6. What is
the approximate length of the firms operating cycle? (Assume a 365 day-year)
1.
15 days.
2.
22 days.
3.
38 days.
4.
60 days.
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Question 6
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Momo Investments Ltd borrowed R200 000 for one year under a revolving credit agreement that authorised and guaranteed
the firm access to R350 000. The revolving credit agreement had a stated interest rate of 6.5% and charged the firm a 3%
commitment fee on the unused portion of the agreement. Based on this information, the effective annual rate on the loan
was … (assume 360 days in a year).
1.
7.75%.
2.
8.75%.
3.
9.10%.
4.
9.50%.
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=16316408&cmid=889560#question-16523873-18 3/10
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