MAC3702+Question+
+Bank+_Solutions
,QUESTION BANK 01/2017
SOLUTIONS
APPLICATION OF FINANCIAL
MANAGEMENT TECHNIQUES
MAC3702
Semester 2
Department of Management Accounting
IMPORTANT INFORMATION
Please register on myUnisa, activate your myLife e-mail addresses and make sure that you
have regular access to the myUnisa module website, MAC3702-2017-S2, as well as your group
website.
Note: This is an online module and therefore it is available on myUnisa. However, in order to
support you in your learning process, you will also receive some study material in printed format.
,Table of Contents
Question 01: SANRAL .............................................................................................................. 3
Question 02: FAST AND FURIOUS .......................................................................................... 7
Question 03: DRESSED FOR SUCCESS ............................................................................... 10
Question 04: KGORONG ........................................................................................................ 14
Question 05: FAST AND QUICK ............................................................................................. 17
Question 06: HOTELS 365 ..................................................................................................... 20
Question 07: SAM TOURS ..................................................................................................... 26
Question 08: MASHESHA ...................................................................................................... 28
Question 09: FRISCOR .......................................................................................................... 33
Question 10: JAZZ STUDIOS ................................................................................................. 35
Question 11: PICTURE PERFECT ......................................................................................... 36
Question 12: BEAUTIFUL FACES AND INNER BEAUTY ....................................................... 39
Question 13: TITUS AND CASSAL ......................................................................................... 40
Question 14: TOY STARS ...................................................................................................... 42
Question 15: CITY OF NKANDLA ........................................................................................... 45
Question 16: CURROW COLLEGE ........................................................................................ 48
Question 17: AFRICA BAG ..................................................................................................... 54
Question 18: SPLITZ STORES ............................................................................................... 55
Question 19: SIMON & SON ................................................................................................... 57
Question 20: umfula.co.za ...................................................................................................... 62
Question 21: PURIFIED H2O ................................................................................................. 68
Question 22: S & S ................................................................................................................. 70
Question 23: SPHA ................................................................................................................. 72
Question 24: A GREYS .......................................................................................................... 76
Question 25: LANGA HOTELS ............................................................................................... 78
Question 26: PBC ................................................................................................................... 82
Question 27: BOXER CASH & CARRY .................................................................................. 85
Question 28: QUEEN POWER ............................................................................................... 88
Question 29: BIDDER ............................................................................................................. 91
Question 30: ZENZEL ............................................................................................................. 93
Question 31: TTK ................................................................................................................... 97
Question 32: LCHF ................................................................................................................. 99
Question 33: TRUCK & TRAILER ......................................................................................... 101
Question 34: SIMUNYE GOLD ............................................................................................. 105
Question 35: FAZEBOOK ..................................................................................................... 111
Question 36: THE BOLT & NUT ENGINEERING .................................................................. 115
Question 37: LION BRANDS ................................................................................................ 117
Question 38: CHAPTERS & NOVELS .................................................................................. 122
Question 39: NEW MUTUAL ................................................................................................ 127
Question 40: KINGSTON ...................................................................................................... 129
2
, QUESTION 01: SANRAL (20 MARKS)
e-TOLL SYSTEM
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
CAPEX (20 562 322)
Working capital (1 677 123) 1 677 123
Operational costs–ETCC (1 300 000) (1 300 000) (1 300 000) (1 300 000) (1 300 000)
e-toll collections 5 796 000 6 143 760 6 512 386 6 903 129 7 317 316
(22 239 445) 4 496 000 4 843 760 5 212 386 5 603 129 7 694 439
Discounted at 7% 1,0000 0,935 0,873 0,816 0,763 0,713
(22 239 445) 4 203 760 4 228 602 4 253 307 4 275 187 5 486 135
Net present value 207 546
ALTERNATIVE (using HP10bII+ financial calculator)
-22 239 445 CFj
4 496 000 CFj
4 843 760 CFj
5 212 386 CFj
5 603 129 CFj
7 694 439 CFj
7i
SHIFT DOWN NPV 208 639
3
+Bank+_Solutions
,QUESTION BANK 01/2017
SOLUTIONS
APPLICATION OF FINANCIAL
MANAGEMENT TECHNIQUES
MAC3702
Semester 2
Department of Management Accounting
IMPORTANT INFORMATION
Please register on myUnisa, activate your myLife e-mail addresses and make sure that you
have regular access to the myUnisa module website, MAC3702-2017-S2, as well as your group
website.
Note: This is an online module and therefore it is available on myUnisa. However, in order to
support you in your learning process, you will also receive some study material in printed format.
,Table of Contents
Question 01: SANRAL .............................................................................................................. 3
Question 02: FAST AND FURIOUS .......................................................................................... 7
Question 03: DRESSED FOR SUCCESS ............................................................................... 10
Question 04: KGORONG ........................................................................................................ 14
Question 05: FAST AND QUICK ............................................................................................. 17
Question 06: HOTELS 365 ..................................................................................................... 20
Question 07: SAM TOURS ..................................................................................................... 26
Question 08: MASHESHA ...................................................................................................... 28
Question 09: FRISCOR .......................................................................................................... 33
Question 10: JAZZ STUDIOS ................................................................................................. 35
Question 11: PICTURE PERFECT ......................................................................................... 36
Question 12: BEAUTIFUL FACES AND INNER BEAUTY ....................................................... 39
Question 13: TITUS AND CASSAL ......................................................................................... 40
Question 14: TOY STARS ...................................................................................................... 42
Question 15: CITY OF NKANDLA ........................................................................................... 45
Question 16: CURROW COLLEGE ........................................................................................ 48
Question 17: AFRICA BAG ..................................................................................................... 54
Question 18: SPLITZ STORES ............................................................................................... 55
Question 19: SIMON & SON ................................................................................................... 57
Question 20: umfula.co.za ...................................................................................................... 62
Question 21: PURIFIED H2O ................................................................................................. 68
Question 22: S & S ................................................................................................................. 70
Question 23: SPHA ................................................................................................................. 72
Question 24: A GREYS .......................................................................................................... 76
Question 25: LANGA HOTELS ............................................................................................... 78
Question 26: PBC ................................................................................................................... 82
Question 27: BOXER CASH & CARRY .................................................................................. 85
Question 28: QUEEN POWER ............................................................................................... 88
Question 29: BIDDER ............................................................................................................. 91
Question 30: ZENZEL ............................................................................................................. 93
Question 31: TTK ................................................................................................................... 97
Question 32: LCHF ................................................................................................................. 99
Question 33: TRUCK & TRAILER ......................................................................................... 101
Question 34: SIMUNYE GOLD ............................................................................................. 105
Question 35: FAZEBOOK ..................................................................................................... 111
Question 36: THE BOLT & NUT ENGINEERING .................................................................. 115
Question 37: LION BRANDS ................................................................................................ 117
Question 38: CHAPTERS & NOVELS .................................................................................. 122
Question 39: NEW MUTUAL ................................................................................................ 127
Question 40: KINGSTON ...................................................................................................... 129
2
, QUESTION 01: SANRAL (20 MARKS)
e-TOLL SYSTEM
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5
CAPEX (20 562 322)
Working capital (1 677 123) 1 677 123
Operational costs–ETCC (1 300 000) (1 300 000) (1 300 000) (1 300 000) (1 300 000)
e-toll collections 5 796 000 6 143 760 6 512 386 6 903 129 7 317 316
(22 239 445) 4 496 000 4 843 760 5 212 386 5 603 129 7 694 439
Discounted at 7% 1,0000 0,935 0,873 0,816 0,763 0,713
(22 239 445) 4 203 760 4 228 602 4 253 307 4 275 187 5 486 135
Net present value 207 546
ALTERNATIVE (using HP10bII+ financial calculator)
-22 239 445 CFj
4 496 000 CFj
4 843 760 CFj
5 212 386 CFj
5 603 129 CFj
7 694 439 CFj
7i
SHIFT DOWN NPV 208 639
3
