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Dashboard / My courses / MNB1601-23-S1 / Welcome to MNB1601 / Assessment 3
Started on Monday, 1 May 2023, 3:53 PM
State Finished
Completed on Monday, 1 May 2023, 5:27 PM
Time taken 1 hour 33 mins
Marks 28.00/30.00
Grade 93.33 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which one of the following options can be used to increase the value of the business?
Select one:
a. Investing in assets that will add value to the business
b. Keeping the cost of capital as high as possible
c. Investing in proper marketing and operational strategies
d. Investing in liabilities that will add value to the business
The correct answer is: Investing in assets that will add value to the business
Question 2
Correct
Mark 1.00 out of 1.00
Kelly is the owner of a small gourmet burger food truck. She sells her burgers during lunch in the parking lot of the Menlyn Maine shopping
centre. Her expenses are recorded as follow:
Sales price per burger: R35 per burger
Variable cost per burger: R12 per burger
Total fixed cost per annum: R42 000
If Kelly sold 23 000 burgers during 2020, what would her income be for the year?
Select one:
a. R805 000
b. R23 000
c. R234 000
d. Kelly would not make any income
The correct answer is: R805 000
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