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MAC2602 Assignment 4 2023
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MENU Dashboard / Courses / UNISA / 2023 / Semester 1 / MAC2602-23-S1 / Welcome Message / Assessment 4
Started on Thursday, 4 May 2023, 10:25 AM
State Finished
Completed on Thursday, 4 May 2023, 10:49 AM
Time taken 24 mins 19 secs
Marks 41.00/50.00
Grade 82.00 out of 100.00
Question 1
Correct
Mark 3.00 out of 3.00
The following information about No-Waste Limited is available:
The market interest rate of similar debentures is 18% (pre-tax)
Debentures mature in 10 years’ time and the coupon rate thereon is 14%
Tax rate is 28%
REQUIRED:
Calculate the After tax cost of debt of No-Waste Limited. [Round your final answer to two decimal places.]
(a) 10,08%
(b) 14,00%
(c) 12,96%
(d) 12,43%
Select one:
a. 12,96%
b. 14,00%
c. 12,43%
d. 10,08%
,Question 2
Incorrect
Mark 0.00 out of 3.00
MENU
2. The following information has been given to you. What is the best estimate of cash flow?
Dashboard / Courses / UNISA / 2023 / Semester 1 / MAC2602-23-S1 / Welcome Message / Assessment 4
R million
Operational profit 400
Depreciation 140
Finance charges 30
Capital expenditure to sustain operations 180
Tax 90
Repayment of borrowings 100
Equity dividend 60
(a) R80 million
(b) R140 million
(c) R180 million
(d) R240 million
Select one:
a. R240 million
b. R80 million
c. R140 million
d. R180 million
,Question 3
Correct
Mark 3.00 out of 3.00
MENU
Dashboard / Courses / UNISA / 2023 / Semester 1 / MAC2602-23-S1 / Welcome Message / Assessment 4
Select one:
, a. 0,3898
b. 0,4561
c. 0,4100
MENU
d. 0,3700
Dashboard / Courses / UNISA / 2023 / Semester 1 / MAC2602-23-S1 / Welcome Message / Assessment 4
Question 4
Correct
Mark 3.00 out of 3.00
Mariam bought a SUV vehicle for R700 000, using a bank loan to finance it. The loan will be repaid in seven equal installments, including
capital and interest. The bank wants to earn interest at 14% per annum on its finance agreement. Determine the annual installment
requirement by using the tables and round off your final answer to the nearest rand.
(a) R163 246
(b) R228 469
(c) R143 188
(d) R114 000
Select one:
a. R143 188
b. R114 000
c. R228 469
d. R163 246
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