FIN3704
Assignment 5 QUIZ Semester 1 2025
Unique Number:
Due Date: 12 June 2025
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, FIN3704-25-S1 Welcome Message Assessment 5
QUIZ
Started on Thursday, 12 June 2025, 10:00 AM
State Finished
Completed on Thursday, 12 June 2025, 10:36 AM
Time taken 36 mins 6 secs
Marks 36.00/40.00
Grade 90.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which statement discloses the profitability of a firm over an interval of time?
a. balance sheet
b. cash flow statement
c. income statement
d. trial balance
Your answer is correct.
The correct answer is:
income statement
Question 2
Correct
Mark 1.00 out of 1.00
Which Excel formula gives the regular payment to repay a loan?
a. FV
b. PV
c. PMT
d. IRR
Your answer is correct.
The correct answer is:
PMT
, Question 3
Correct
Mark 1.00 out of 1.00
A firm has R50,000 starting cash, R120,000 receipts and R90,000 payments. What is the final cash balance?
a. R30,000
b. R70,000
c. R90,000
d. R120,000
Your answer is correct.
The correct answer is:
R70,000
Question 4
Correct
Mark 1.00 out of 1.00
Which Excel function is used to identify the highest revenue value in a data group?
a. MIN
b. MAX
c. SUM
d. COUNT
Your answer is correct.
The correct answer is:
MAX
Question 5
Correct
Mark 1.00 out of 1.00
What does the financial metric 'EBIT' stand for?
a. earnings before interest and taxes
b. equity before interest and taxes
c. earnings before investment and taxes
d. expenses before income and taxes
Your answer is correct.
The correct answer is:
earnings before interest and taxes
Assignment 5 QUIZ Semester 1 2025
Unique Number:
Due Date: 12 June 2025
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, FIN3704-25-S1 Welcome Message Assessment 5
QUIZ
Started on Thursday, 12 June 2025, 10:00 AM
State Finished
Completed on Thursday, 12 June 2025, 10:36 AM
Time taken 36 mins 6 secs
Marks 36.00/40.00
Grade 90.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which statement discloses the profitability of a firm over an interval of time?
a. balance sheet
b. cash flow statement
c. income statement
d. trial balance
Your answer is correct.
The correct answer is:
income statement
Question 2
Correct
Mark 1.00 out of 1.00
Which Excel formula gives the regular payment to repay a loan?
a. FV
b. PV
c. PMT
d. IRR
Your answer is correct.
The correct answer is:
PMT
, Question 3
Correct
Mark 1.00 out of 1.00
A firm has R50,000 starting cash, R120,000 receipts and R90,000 payments. What is the final cash balance?
a. R30,000
b. R70,000
c. R90,000
d. R120,000
Your answer is correct.
The correct answer is:
R70,000
Question 4
Correct
Mark 1.00 out of 1.00
Which Excel function is used to identify the highest revenue value in a data group?
a. MIN
b. MAX
c. SUM
d. COUNT
Your answer is correct.
The correct answer is:
MAX
Question 5
Correct
Mark 1.00 out of 1.00
What does the financial metric 'EBIT' stand for?
a. earnings before interest and taxes
b. equity before interest and taxes
c. earnings before investment and taxes
d. expenses before income and taxes
Your answer is correct.
The correct answer is:
earnings before interest and taxes
