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Exam (elaborations)

Fin2603 Assignment 2 Semester 2 2024

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Fin2603 Assignment 2 Semester 2 2024

Institution
University Of South Africa (Unisa)
Course
Finance for Non Financial Managers

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9/5/24, 9:08 PM Assessment 2: Attempt review




UNISA  2024  FIN2603-24-S2  Assessment 2

QUIZ




Started on Thursday, 5 September 2024, 7:57 PM
State Finished
Completed on Thursday, 5 September 2024, 9:08 PM
Time taken 1 hour 11 mins


Question 1
Complete

Marked out of 1.00




A construction company consumes 1700 litres of petrol per day for its current
mining operations. Mr Burton, the financial analyst, has estimated that the mine
will increase its current operations, and therefore, petrol consumption will
increase by 5% for the 2024 financial year. It takes three days from placing the
order until the petrol is delivered. Calculate the reorder point for the 2024
financial year.


a. 5355 litres
b. 6400 litres
c. 7040 litres
d. 8340 litres




Question 2
Complete

Marked out of 1.00




The after-tax cost of debt for a firm which has a marginal tax rate of 40%, is 6%.
Calculate the before-tax cost of debt.


a. 8.1%
b. 10.0%
c. 6.0%
d. 9.2%




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21887449&cmid=846387 1/9

, 9/5/24, 9:08 PM Assessment 2: Attempt review

Question 3

Complete

Marked out of 1.00




Calculate the growth rate of the following stream of cash flows:


YEAR CASH FLOW
2023 R 34 600
2022 R 31 000 Book for Exam in time , Whatsapp the admin on 064 516 7275
2021 R 11 900 Book for Exam in time , Whatsapp the admin on 064 516 7275
2020 R 10 000 Book for Exam in time , Whatsapp the admin on 064 516 7275
Book for Exam in time , Whatsapp the admin on 064 516 7275
Book for Exam in time , Whatsapp the admin on 064 516 7275
a. 26%
Book for Exam in time , Whatsapp the admin on 064 516 7275
b. 51%
Book for Exam in time , Whatsapp the admin on 064 516 7275
c. 43% Book for Exam in time , Whatsapp the admin on 064 516 7275
d. 23% Book for Exam in time , Whatsapp the admin on 064 516 7275




Question 4
Complete

Marked out of 1.00




Gavin Sadler has arranged for a 60-day loan at an annual interest rate of 7.5%
per annum. If the loan amount is R1 000 000, how much interest will Mr
Johnson pay in rand terms? (Assume a 360-day year.)


a. R25 000
b. R75 000
c. R0
d. R12 500




Question 5
Complete

Marked out of 1.00




Calculate the future value (FV) of R15 000 invested for six years at an interest
rate of 8%, compounded semi-annually.

Book for Exam in time , Whatsapp the admin on 064 516 7275
a. R14 106
Book for Exam in time , Whatsapp the admin on 064 516 7275
b. R26 734
Book for Exam in time , Whatsapp the admin on 064 516 7275
c. R14 026 Book for Exam in time , Whatsapp the admin on 064 516 7275
d. R24 015 Book for Exam in time , Whatsapp the admin on 064 516 7275




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Institution
University of South Africa (Unisa)
Course
Finance for Non Financial Managers

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Uploaded on
September 7, 2024
Number of pages
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Written in
2024/2025
Type
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  • fin2603 assignment 2 semester 2 2024

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