PU E
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELGATE should
not be rendered accountable since the contents in this document only give learners a
kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENTS
Education is the most powerful weapon which you can use to change the world
,8/16/25, 10:20 AM Assessment 1
FIN3702-25-S2 Welcome Message Assessment 1
QUIZ
Question 1
Not yet answered
Marked out of 1.00
A firm's operating cash flow (OCF) is defined as …
1. gross profit minus depreciation.
2. EBIT plus depreciation.
3. gross profit minus operating expenses.
4. EBIT times one minus the tax rate plus depreciation.
Clear my choice
Question 2
Not yet answered
Marked out of 1.00
Which one of the following statements is correct?
1. The lockbox system is an example of concentration banking
2. The lockbox system does not affect the collections' float
3. There are no actions a firm can take to improve its synchronisation of cash flows.
4. If a firm increases its disbursement float, its net float will also increase, other factors held constant
5. For a firm that has many divisions or plants operating over a wide geographical area, payables centralisation offers
little benefit
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=28812455&cmid=1165683 1/11
, 8/16/25, 10:20 AM Assessment 1
Question 3
Not yet answered
Marked out of 1.00
Given the financial manager's preference for faster receipt of cash flows …
1. a longer depreciable life is preferred to a shorter one.
2. a shorter depreciable life is preferred to a longer one.
3. the manager is not concerned with depreciable lives, because depreciation is a non-cash expense.
4. the manager is not concerned with depreciable lives, because once purchased, depreciation is considered a sunk
cost.
Clear my choice
Question 4
Not yet answered
Marked out of 1.00
Paile Furniture Suppliers (PFS Ltd) maintains an average inventory of 2000 desks to supply to schools. The carrying cost per
desk is estimated at R7.25. The company places an order of 4000 desks on the first of each quarter and the order cost is
R80. What will the company’s carrying cost be if the firm uses the EOQ method of inventory?
1. R1 215
2. R2 500
3. R3 750
4. R8 215
Clear my choice
Question 5
Not yet answered
Marked out of 1.00
The cash flows from the operating activities section of the statement of cash flows consider…
1. dividends paid.
2. interest expense.
3. stock repurchases.
4. cost of raw materials.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=28812455&cmid=1165683 2/11
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
penalized. If this document is plagiarized by the users and fails, EXCELGATE should
not be rendered accountable since the contents in this document only give learners a
kick-start on what is expected of them from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENTS
Education is the most powerful weapon which you can use to change the world
,8/16/25, 10:20 AM Assessment 1
FIN3702-25-S2 Welcome Message Assessment 1
QUIZ
Question 1
Not yet answered
Marked out of 1.00
A firm's operating cash flow (OCF) is defined as …
1. gross profit minus depreciation.
2. EBIT plus depreciation.
3. gross profit minus operating expenses.
4. EBIT times one minus the tax rate plus depreciation.
Clear my choice
Question 2
Not yet answered
Marked out of 1.00
Which one of the following statements is correct?
1. The lockbox system is an example of concentration banking
2. The lockbox system does not affect the collections' float
3. There are no actions a firm can take to improve its synchronisation of cash flows.
4. If a firm increases its disbursement float, its net float will also increase, other factors held constant
5. For a firm that has many divisions or plants operating over a wide geographical area, payables centralisation offers
little benefit
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=28812455&cmid=1165683 1/11
, 8/16/25, 10:20 AM Assessment 1
Question 3
Not yet answered
Marked out of 1.00
Given the financial manager's preference for faster receipt of cash flows …
1. a longer depreciable life is preferred to a shorter one.
2. a shorter depreciable life is preferred to a longer one.
3. the manager is not concerned with depreciable lives, because depreciation is a non-cash expense.
4. the manager is not concerned with depreciable lives, because once purchased, depreciation is considered a sunk
cost.
Clear my choice
Question 4
Not yet answered
Marked out of 1.00
Paile Furniture Suppliers (PFS Ltd) maintains an average inventory of 2000 desks to supply to schools. The carrying cost per
desk is estimated at R7.25. The company places an order of 4000 desks on the first of each quarter and the order cost is
R80. What will the company’s carrying cost be if the firm uses the EOQ method of inventory?
1. R1 215
2. R2 500
3. R3 750
4. R8 215
Clear my choice
Question 5
Not yet answered
Marked out of 1.00
The cash flows from the operating activities section of the statement of cash flows consider…
1. dividends paid.
2. interest expense.
3. stock repurchases.
4. cost of raw materials.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=28812455&cmid=1165683 2/11
