FINANCIAL MANAGEMENT: Working Capital
Management
FIN3702
ASSIGNMENT 02 SEMESTER 01 2023
ASSIGNMENT 02 (compulsory)
20 MULTIPLE-CHOICE QUESTIONS (20 marks)
DUE DATE: 05 May 2023
UNIQUE NUMBER: 628949
AIM: The purpose of this assignment is to evaluate your knowledge of the
fundamental aspects of cash flow management, financial planning, working capital
management and the management of current assets and/or liabilities. To complete
this assignment, you must study chapters 3, 14 and 15 of your prescribed book and
the relevant study units in your study guide.
Answer the following questions and submit your assignment at https://my.unisa.ac.za.
The next three questions apply to the information provided below:
Triple Ltd has obtained a 180-day loan of R400 000 at an interest rate of 1.5% plus a prime
rate of 16% payable at maturity. Assume a 365-day year.
QUESTION 1
The firm will pay approximately … on the 180-day loan.
1. R13 325
2. R13 685
3. R34 521
4. R70 000
Interest = R400 000 x (1.5% + 16%) x (180/365)
Interest = R400 000 x 17.5% x 0.49315 = R34,521.74
Management
FIN3702
ASSIGNMENT 02 SEMESTER 01 2023
ASSIGNMENT 02 (compulsory)
20 MULTIPLE-CHOICE QUESTIONS (20 marks)
DUE DATE: 05 May 2023
UNIQUE NUMBER: 628949
AIM: The purpose of this assignment is to evaluate your knowledge of the
fundamental aspects of cash flow management, financial planning, working capital
management and the management of current assets and/or liabilities. To complete
this assignment, you must study chapters 3, 14 and 15 of your prescribed book and
the relevant study units in your study guide.
Answer the following questions and submit your assignment at https://my.unisa.ac.za.
The next three questions apply to the information provided below:
Triple Ltd has obtained a 180-day loan of R400 000 at an interest rate of 1.5% plus a prime
rate of 16% payable at maturity. Assume a 365-day year.
QUESTION 1
The firm will pay approximately … on the 180-day loan.
1. R13 325
2. R13 685
3. R34 521
4. R70 000
Interest = R400 000 x (1.5% + 16%) x (180/365)
Interest = R400 000 x 17.5% x 0.49315 = R34,521.74
