1. UNISA
2. 2024
3. MNB1601-24-S1
4. Welcome to MNB1601!
5. Assessment 3
QUIZ
Assessment 3
Open course index
Open block drawer
Started on Wednesday, 3 April 2024, 6:39 PM
State Finished
Completed on Tuesday, 9 April 2024, 9:44 PM
Time taken 6 days 3 hours
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
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Question text
Calculate the total present value of the following cash flow amounts received at the end of
each year. The interest rate is 10%. (Round up your answer to the nearest Rand)
Year Cash flow
1 R3 000
2 R2 000
3 R5 000
Use the following tables, containing the discounting factors, as needed for this question:
Discounting factors to calculate present values
5% 10% 15%
Periods
1 0,9524 0,9091 0,8696
2 0,9070 0,8264 0,7561
3 0,8638 0,7513 0,6575
4 0,8227 0,6830 0,5718
5 0,7835 0,6209 0,4972
6 0,7462 0,5645 0,4323
,Discounting factors to calculate future values
5% 10% 15%
Periods
1 1,0500 1,1000 1,1500
2 1,1025 1,2100 1,3225
3 1,1576 1,3310 1,5209
4 1,2155 1,4641 1,7490
5 1,2763 1,6105 2,0114
6 1,3401 1,7716 2,3131
Select one:
a.
R8 137
b.
R7 409
c.
R7 513
d.
R8 990
Feedback
The correct answer is: R8 137
Question 2
Correct
Mark 1.00 out of 1.00
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Question text
Study the information from IBM’s financial statements below:
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Current assets R 48 116 000 R 48 935 000 R 49 004 000
Current liabilities R 40 562 000 R 36 002 000 R 42 435 000
Inventory R 2 450 000 R 2 494 000 R 2 701 000
Owners’ equity R56 455 000 R55 932 000 R53 657 000
Total liabilities R 90 405 000 R 86 385 000 R 96 058 000
Total assets R 113 452 000 R 109 022 000 R 109 524 000
Net income R 14 833 000 R 13 425 000 R 12 334 000
Net profit R 46 014 000 R 43 785 000 R 45 661 000
, Sales R 99 870 000 R 95 758 000 R 103 630 000
What is the return on owners’ equity (ROE) for the year 2019?
Select one:
a.
24%
b.
1,95:1
c.
78%
d.
1,54:1
Feedback
The correct answer is: 78%
Question 3
Correct
Mark 1.00 out of 1.00
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Question text
IBM’s sales would be indicated on the statement of financial __________ and is also known as
________ income.
Select one:
a.
position; gross
b.
position; net
c.
performance; net
d.
performance; gross
Feedback
The correct answer is: performance; gross
Question 4
Correct
Mark 1.00 out of 1.00
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Question text
, The net present value (NPV) helps a company decide whether it should pursue certain investment
opportunities or not. Which one of the following would be the decision criteria for a large shopping mall
if the NPV is found to be 0?
Select one:
a.
Accept – the initial investment amount and an addition to the value of the business can be sustained by
the cash flow of the project.
b.
Accept – the initial investment amount can be sustained by the cash flow of the project, although no
addition to the value of the business is made.
c.
Reject – the initial investment amount cannot be redeemed by the cash flow of the project.
d.
Reject – the initial investment amount can be sustained by the cash flow of the project, but no addition to
the value of the business is made.
Feedback
The correct answer is: Reject – the initial investment amount can be sustained by the cash flow of the
project, but no addition to the value of the business is made.
Question 5
Correct
Mark 1.00 out of 1.00
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Question text
The following information is supplied for Hetisani Ltd. for the month of October 2020:
Fixed assets R1 000 000
Current assets:
Cash R80 000
Marketable securities R100 000
Inventory R500 000
Debtors R300 000
Shareholder’s capital R700 000
Long-term debt R250 000
Current liabilities R300 000
The acid-test ratio for Hetisani Ltd. would be _________________ .
Select one:
a.
1.7:1
2. 2024
3. MNB1601-24-S1
4. Welcome to MNB1601!
5. Assessment 3
QUIZ
Assessment 3
Open course index
Open block drawer
Started on Wednesday, 3 April 2024, 6:39 PM
State Finished
Completed on Tuesday, 9 April 2024, 9:44 PM
Time taken 6 days 3 hours
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Calculate the total present value of the following cash flow amounts received at the end of
each year. The interest rate is 10%. (Round up your answer to the nearest Rand)
Year Cash flow
1 R3 000
2 R2 000
3 R5 000
Use the following tables, containing the discounting factors, as needed for this question:
Discounting factors to calculate present values
5% 10% 15%
Periods
1 0,9524 0,9091 0,8696
2 0,9070 0,8264 0,7561
3 0,8638 0,7513 0,6575
4 0,8227 0,6830 0,5718
5 0,7835 0,6209 0,4972
6 0,7462 0,5645 0,4323
,Discounting factors to calculate future values
5% 10% 15%
Periods
1 1,0500 1,1000 1,1500
2 1,1025 1,2100 1,3225
3 1,1576 1,3310 1,5209
4 1,2155 1,4641 1,7490
5 1,2763 1,6105 2,0114
6 1,3401 1,7716 2,3131
Select one:
a.
R8 137
b.
R7 409
c.
R7 513
d.
R8 990
Feedback
The correct answer is: R8 137
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Study the information from IBM’s financial statements below:
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Current assets R 48 116 000 R 48 935 000 R 49 004 000
Current liabilities R 40 562 000 R 36 002 000 R 42 435 000
Inventory R 2 450 000 R 2 494 000 R 2 701 000
Owners’ equity R56 455 000 R55 932 000 R53 657 000
Total liabilities R 90 405 000 R 86 385 000 R 96 058 000
Total assets R 113 452 000 R 109 022 000 R 109 524 000
Net income R 14 833 000 R 13 425 000 R 12 334 000
Net profit R 46 014 000 R 43 785 000 R 45 661 000
, Sales R 99 870 000 R 95 758 000 R 103 630 000
What is the return on owners’ equity (ROE) for the year 2019?
Select one:
a.
24%
b.
1,95:1
c.
78%
d.
1,54:1
Feedback
The correct answer is: 78%
Question 3
Correct
Mark 1.00 out of 1.00
Flag question
Question text
IBM’s sales would be indicated on the statement of financial __________ and is also known as
________ income.
Select one:
a.
position; gross
b.
position; net
c.
performance; net
d.
performance; gross
Feedback
The correct answer is: performance; gross
Question 4
Correct
Mark 1.00 out of 1.00
Flag question
Question text
, The net present value (NPV) helps a company decide whether it should pursue certain investment
opportunities or not. Which one of the following would be the decision criteria for a large shopping mall
if the NPV is found to be 0?
Select one:
a.
Accept – the initial investment amount and an addition to the value of the business can be sustained by
the cash flow of the project.
b.
Accept – the initial investment amount can be sustained by the cash flow of the project, although no
addition to the value of the business is made.
c.
Reject – the initial investment amount cannot be redeemed by the cash flow of the project.
d.
Reject – the initial investment amount can be sustained by the cash flow of the project, but no addition to
the value of the business is made.
Feedback
The correct answer is: Reject – the initial investment amount can be sustained by the cash flow of the
project, but no addition to the value of the business is made.
Question 5
Correct
Mark 1.00 out of 1.00
Flag question
Question text
The following information is supplied for Hetisani Ltd. for the month of October 2020:
Fixed assets R1 000 000
Current assets:
Cash R80 000
Marketable securities R100 000
Inventory R500 000
Debtors R300 000
Shareholder’s capital R700 000
Long-term debt R250 000
Current liabilities R300 000
The acid-test ratio for Hetisani Ltd. would be _________________ .
Select one:
a.
1.7:1
