MNB1601 - ASSESSMENT 3 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024

MNB1601 – ASSESSMENT 3 – EXPECTED QUESTIONS AND ANSWERS - 2024



Assessment 3
Started on Wednesday, 2 August 2023
State Finished
Completed on Wednesday, 2 August 2023,
Time taken
Marks 30.00/30.00
Grade 100.00 out of 100.00


Question 1
Which one of the following items would NOT contribute to shareholders’
interest?

Select one:
a.
Ordinary share capital
b.
Undistributed capital
c.
Preference-share capital
d.
Capital gains tax

Feedback
The correct answer is: Capital gains tax



Question 2
Rapula is the financial manager of Plastic Fantastic, a plastic container
manufacturer. While doing the financial statements, Rapula needs to calculate
the shareholders’ interest in Plastic Fantastic. Which one of the following
items will contribute to shareholders’ interest?

Select one:
a.
Sales

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, MNB1601 – ASSESSMENT 3 – EXPECTED QUESTIONS AND ANSWERS - 2024


b.
Reserves
c.
Trade creditors
d.
Marketable securities

Feedback
The correct answer is: Reserves



Question 3
Gerstner added $20 billion in annual revenue to IBM. Which one of the
following formulas would calculate the profit IBM earned?

Select one:
a.
Profit = cost – income
b.
Profit = price x cost
c.
Profit = income – cost
d.
Profit = price x units sold

Feedback
The correct answer is: Profit = income – cost



Question 4
The __________ of IBM consists primarily of receipts resulting from the sale of
its products and/or services.

Select one:
a.
profit
b.


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