MAC3702
Assignment 1 QUIZ Semester 2 2025
Unique Number:
Due Date: 21 August 2025
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, MAC3702-25-S2 Welcome Message Assessment 1
QUIZ
Started on Thursday, 14 August 2025, 9:28 PM
State Finished
Completed on Thursday, 14 August 2025, 10:12 PM
Time taken 43 mins 27 secs
Marks 18.00/20.00
Grade 90.00 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
Which of the following statement/s is/are more accurate?
a) Companies with an aggressive working capital policy usually do not have big cash reserves to take advantage of asset
acquisition opportunities that may arise.
b) Debtors’ time lag is an indication of how long it takes the company to convert its resource inputs into cash for
companies that sell on credit.
c) A company’s working capital typically consists of current assets, long term investments and inventory.
d) Increase in sales will have no bearing on company’s working capital requirements.
Choose the correct statement or combination of statements:
a. Statement (a)
b. Statement (b)
c. Statements (c) and (d)
d. Statements (a) and (b)
, Question 2
Complete
Mark 1.00 out of 1.00
Gravel Galore is a company owned by Josaf Mokele and Michale Molefi. They started 10 years ago on a open piece of land
next to Josaf’s home, in their own community to provide sand, stone, gravel, concrete and more to the local people to assist
them to gain access to these types of building material more easily.
They became very successful quite fast and they were forced to start looking for a bigger piece of land. They started to
diversify into more types and sort of material needed for building purposes.
Josaf Mokele and Michale Molefi are starting to investigate the opportunities to buy even bigger land just outside Piet Retief.
They are asking for your assistance in this regards.
You can assume that the discount rate is 9% and cost of capital is 12%.
The project will have the following cash flows:
Year Cash Flow
R’million
0 (200)
1 40
2 60
3 80
4 100
5 120
Calculate the net present value of the proposed Piet Retief project.
a. R 40 390 000
b. R 97 807 000
c. R100 000 000
d. R 66 921 000
Assignment 1 QUIZ Semester 2 2025
Unique Number:
Due Date: 21 August 2025
DISCLAIMER & TERMS OF USE
Educational Aid: These study notes are intended to be used as educational resources and should not be seen as a
replacement for individual research, critical analysis, or professional consultation. Students are encouraged to perform
their own research and seek advice from their instructors or academic advisors for specific assignment guidelines.
Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the information in
these study notes, the seller does not guarantee the completeness or correctness of all content. The buyer is
responsible for verifying the accuracy of the information and exercising their own judgment when applying it to their
assignments.
Academic Integrity: It is essential for students to maintain academic integrity and follow their institution's policies
regarding plagiarism, citation, and referencing. These study notes should be used as learning tools and sources of
inspiration. Any direct reproduction of the content without proper citation and acknowledgment may be considered
academic misconduct.
Limited Liability: The seller shall not be liable for any direct or indirect damages, losses, or consequences arising from
the use of these notes. This includes, but is not limited to, poor academic performance, penalties, or any other negative
consequences resulting from the application or misuse of the information provided.
, MAC3702-25-S2 Welcome Message Assessment 1
QUIZ
Started on Thursday, 14 August 2025, 9:28 PM
State Finished
Completed on Thursday, 14 August 2025, 10:12 PM
Time taken 43 mins 27 secs
Marks 18.00/20.00
Grade 90.00 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
Which of the following statement/s is/are more accurate?
a) Companies with an aggressive working capital policy usually do not have big cash reserves to take advantage of asset
acquisition opportunities that may arise.
b) Debtors’ time lag is an indication of how long it takes the company to convert its resource inputs into cash for
companies that sell on credit.
c) A company’s working capital typically consists of current assets, long term investments and inventory.
d) Increase in sales will have no bearing on company’s working capital requirements.
Choose the correct statement or combination of statements:
a. Statement (a)
b. Statement (b)
c. Statements (c) and (d)
d. Statements (a) and (b)
, Question 2
Complete
Mark 1.00 out of 1.00
Gravel Galore is a company owned by Josaf Mokele and Michale Molefi. They started 10 years ago on a open piece of land
next to Josaf’s home, in their own community to provide sand, stone, gravel, concrete and more to the local people to assist
them to gain access to these types of building material more easily.
They became very successful quite fast and they were forced to start looking for a bigger piece of land. They started to
diversify into more types and sort of material needed for building purposes.
Josaf Mokele and Michale Molefi are starting to investigate the opportunities to buy even bigger land just outside Piet Retief.
They are asking for your assistance in this regards.
You can assume that the discount rate is 9% and cost of capital is 12%.
The project will have the following cash flows:
Year Cash Flow
R’million
0 (200)
1 40
2 60
3 80
4 100
5 120
Calculate the net present value of the proposed Piet Retief project.
a. R 40 390 000
b. R 97 807 000
c. R100 000 000
d. R 66 921 000
