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MAC2602 Assignment 4
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MENU Dashboard / Courses / UNISA / 2023 / Semester 1 / MAC2602-23-S1 / Welcome Message / Assessment 4
Started on Thursday, 4 May 2023, 10:04 AM
State Finished
Completed on Thursday, 4 May 2023, 10:23 AM
Time taken 18 mins 55 secs
Marks 44.00/50.00
Grade 88.00 out of 100.00
Question 1
Correct
Mark 3.00 out of 3.00
Samuel wants to deposit R5 000 in a bank account that earns 10% simple interest per year (annum). What is the value of Samuels’
investment at the end of four years?
(a) R500
(b) R2 000
(c) R7 000
(d) R5 500
Select one:
a. R500
b. R5 500
c. R7 000
d. R2 000
, Question 2
Correct
Mark 3.00 out of 3.00
MENU
Maria invested an amount of money at 5% compound interest and will receive R4 000 annually indefinitely. What is the present value (PV) of
Dashboard
the / Courses
amount Maria / UNISA / 2023 / Semester 1 / MAC2602-23-S1 / Welcome Message / Assessment 4
invested?
(a) R200
(b) R800
(c) R3 800
(d) R80 000
Select one:
a. R3 800
b. R800
c. R80 000
d. R200
Question 3
Correct
Mark 3.00 out of 3.00
The management accountant of Company Zest has been supplied with the following information regarding a new machine, Machine X, that
the company is considering acquiring:
The cost of Machine X is R110 000.
Net cash flow savings in operating cost after tax is R26 000 per annum for 5 years.
Machine X has a lifespan of 5 years. Depreciation amounts to R22 000 for machine X but was not included in the determination of the cost
saving as it does not constitute cash flow.
REQUIRED:
Calculate the payback period for Machine X by using the alternative method where there are equal cash flows per year which can be treated
as an annuity.
(a) 3,23 years
(b) 4,23 years
(c) 2,23 years
(d) 1,23 years
Select one:
a. 1,23 years
b. 4,23 years
c. 3,23 years
d. 2,23 years
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