Assessment 4: Attempt review 01/10/2024, 14:18
UNISA 2024 MAC2602-24-S2 Welcome to MAC2602 Assessment 4
QUIZ
Started on Tuesday, 1 October 2024, 2:21 PM
State Finished
Completed on Tuesday, 1 October 2024, 3:17 PM
Time taken 56 mins 31 secs
Marks 43.00/50.00
Grade 86.00 out of 100.00
Question 1
Select the statements that are all FALSE
FALSE.
Correct
(1) The management of working capital only entails that the balances of current
Mark 2.00 out of
2.00 assets and current liabilities be controlled.
(2) The management of inventory entails only that there should be enough inventory
available to sustain operations.
(3) Keeping surplus cash to pay suppliers is an example of keeping cash for possible
obligations.
(4) Costs that are associated with placing an order, the physical receipt of the
products ordered as well as receiving the payment are classiXed as ordering costs.
(5) Storage cost, insurance cost on stored inventory, costs of stock that becomes
obsolete and should be written off, as well as opportunity cost are all classiXed as the
cost of holding inventory.
(a) Statements (3), (4) and (5)
(b) Statements (1), (2) and (3)
(c) Statements (3), (4) and (5)
(d) Statements (2), (3) and (4)
Select one:
a. Statements (3), (4) and (5)
b. Statements (1), (2) and (3)
c. Statements (2), (3) and (4)
d. Statements (3), (4) and (5)
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=22852326&cmid=854265 Page 1 of 15
, Assessment 4: Attempt review 01/10/2024, 14:18
Question 2
Which ONE of the following actions is least likely to be carried out by an
Incorrect
audit committee?
Mark 0.00 out of
2.00 (a) Once-off investigations.
(b) Review of risk management processes.
(c) Review of the inadequacy of Xnancial systems.
(d) Review of succession planning within the organisation.
Select one:
a. Once-off investigations.
b. Review of the inadequacy of Xnancial systems.
c. Review of risk management processes.
d. Review of succession planning within the organisation.
Question 3
Angota Company has 100 000, ordinary shares issued with a nominal value of R1,00
Correct
and a market value of R2,50. It is proposing to make a 1 for 5 offers for free additional
Mark 2.00 out of shares to existing shareholders. What will be the effect of this proposed issue
2.00
be on the statement of @nancial position @gure for issued share capital and
reserves?
(a) Issued share capital will increase by R20 000, and reserves will be unchanged.
(b) Issued share capital will increase by R20 000; reserves will decrease by R20 000
(c) Issued share capital will increase by R50 000; reserves will decrease by R20 000.
(d) There will be no change to capital or reserves because no new Xnance is
raised.
Select one:
a. There will be no change to capital or reserves because no new Xnance is
raised.
b. Issued share capital will increase by R20 000; reserves will decrease by
R20 000.
c. Issued share capital will increase by R20 000, and reserves will be
unchanged.
d. Issued share capital will increase by R50 000; reserves will decrease by R20
000.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=22852326&cmid=854265 Page 2 of 15
UNISA 2024 MAC2602-24-S2 Welcome to MAC2602 Assessment 4
QUIZ
Started on Tuesday, 1 October 2024, 2:21 PM
State Finished
Completed on Tuesday, 1 October 2024, 3:17 PM
Time taken 56 mins 31 secs
Marks 43.00/50.00
Grade 86.00 out of 100.00
Question 1
Select the statements that are all FALSE
FALSE.
Correct
(1) The management of working capital only entails that the balances of current
Mark 2.00 out of
2.00 assets and current liabilities be controlled.
(2) The management of inventory entails only that there should be enough inventory
available to sustain operations.
(3) Keeping surplus cash to pay suppliers is an example of keeping cash for possible
obligations.
(4) Costs that are associated with placing an order, the physical receipt of the
products ordered as well as receiving the payment are classiXed as ordering costs.
(5) Storage cost, insurance cost on stored inventory, costs of stock that becomes
obsolete and should be written off, as well as opportunity cost are all classiXed as the
cost of holding inventory.
(a) Statements (3), (4) and (5)
(b) Statements (1), (2) and (3)
(c) Statements (3), (4) and (5)
(d) Statements (2), (3) and (4)
Select one:
a. Statements (3), (4) and (5)
b. Statements (1), (2) and (3)
c. Statements (2), (3) and (4)
d. Statements (3), (4) and (5)
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=22852326&cmid=854265 Page 1 of 15
, Assessment 4: Attempt review 01/10/2024, 14:18
Question 2
Which ONE of the following actions is least likely to be carried out by an
Incorrect
audit committee?
Mark 0.00 out of
2.00 (a) Once-off investigations.
(b) Review of risk management processes.
(c) Review of the inadequacy of Xnancial systems.
(d) Review of succession planning within the organisation.
Select one:
a. Once-off investigations.
b. Review of the inadequacy of Xnancial systems.
c. Review of risk management processes.
d. Review of succession planning within the organisation.
Question 3
Angota Company has 100 000, ordinary shares issued with a nominal value of R1,00
Correct
and a market value of R2,50. It is proposing to make a 1 for 5 offers for free additional
Mark 2.00 out of shares to existing shareholders. What will be the effect of this proposed issue
2.00
be on the statement of @nancial position @gure for issued share capital and
reserves?
(a) Issued share capital will increase by R20 000, and reserves will be unchanged.
(b) Issued share capital will increase by R20 000; reserves will decrease by R20 000
(c) Issued share capital will increase by R50 000; reserves will decrease by R20 000.
(d) There will be no change to capital or reserves because no new Xnance is
raised.
Select one:
a. There will be no change to capital or reserves because no new Xnance is
raised.
b. Issued share capital will increase by R20 000; reserves will decrease by
R20 000.
c. Issued share capital will increase by R20 000, and reserves will be
unchanged.
d. Issued share capital will increase by R50 000; reserves will decrease by R20
000.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=22852326&cmid=854265 Page 2 of 15
