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MNB1601 Assignment 3 Semester 1 2024
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MNB 1601ASSIGNMENT 3 SEMESTER 1 2024
Use this document as a guide to learn, compare and reference
,EXPECTVIEW TUTORS
,2/18/24, 5:41 PM Assessment 3: Attempt review
Started on Sunday, 18 February 2024, 5:29 PM
State Finished
Completed on Sunday, 18 February 2024, 5:41 PM
Time taken 11 mins 35 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1 Rapula is the financial manager of Plastic Fantastic, a plastic container manufacturer. While doing the financial statements, Rapula will need to calculate
Correct the return of investment (ROI). In addition to net profit after tax, Rapula will also require in order to calculate this ratio.
Mark 1.00 out of
1.00 Select one:
Flag question
a. sales
b. gross profit margin
c. total assets
d. owners’ equity
The correct answer is: total assets
Question 2 involves the sale of debtors and is strictly speaking not considered borrowing.
Correct
Mark 1.00 out of Select one:
1.00 a. Bank overdrafts
Flag question b. Preference shares
c. Debtor finance
d. Accruals
The correct answer is: Debtor finance
Question 3 Which one of the following would occur last in the cash cycle of a manufacturing business?
Correct
Mark 1.00 out of Select one:
1.00 a. Collecting cash
Flag question b. Selling finished products on credit
c. Investing cash in raw materials
d. Converting raw materials to finished products
The correct answer is: Collecting cash
Question 4 The side of the statement of financial position reflects the possessions of the business.
Correct
Mark 1.00 out of Select one:
1.00 a. asset
Flag question b. liability
c. income
d. expense
The correct answer is: asset
Question 5 The focal points of a budget for an income centre is determined by measuring .
Correct
Mark 1.00 out of Select one:
1.00 a. outputs in monetary terms
Flag question b. inputs in monetary terms
c. performance in monetary terms
EXPECTVIEW TUTORS 1/6
, 2/18/24, 5:41 PM Assessment 3: Attempt review
d. inputs and outputs in monetary terms
The correct answer is: outputs in monetary terms
Question 6 Expenses must often be paid before any cash income has been received. The business needs to have sufficient cash available to meet normal current
Correct expenditures. This refers to the motive.
Mark 1.00 out of
1.00 Select one:
Flag question
a. speculative
b. cash
c. precautionary
d. transaction
The correct answer is: transaction
Question 7 The process for the calculation of future values is known as while the process for the calculation of present values is known as
Correct .
Mark 1.00 out of
1.00 Select one:
Flag question
a. discounting; compounding
b. compounding; depreciating
c. compounding; discounting
d. discounting; depreciating
The correct answer is: compounding; discounting
Question 8 If IBM would like to improve its gross profit margin, which one of the following strategies would be the most appropriate? IBM would have to
Correct .
Mark 1.00 out of
1.00 Select one:
Flag question
a. decrease its marketing efforts in order to decrease sales while increasing the cost of products sold
b. reduce equity by buying back shares and cancelling the shares
c. improve its marketing efforts in order to increase sales while reducing the cost of products sold
d. increase sales by relaxing the credit standards while improving productivity by means of performance-management systems
The correct answer is: improve its marketing efforts in order to increase sales while reducing the cost of products sold
Question 9 The net present value (NPV) helps a company decide whether it should pursue certain investment opportunities or not. Which one of the following would
Correct be the decision criteria for a large shopping mall if the NPV is found to be 0?
Mark 1.00 out of
1.00 Select one:
Flag question
a. Accept – the initial investment amount and an addition to the value of the business can be sustained by the cash flow of the project.
b. Accept – the initial investment amount can be sustained by the cash flow of the project, although no addition to the value of the business is
made.
c. Reject – the initial investment amount cannot be redeemed by the cash flow of the project.
d. Reject – the initial investment amount can be sustained by the cash flow of the project, but no addition to the value of the business is made.
The correct answer is: Reject – the initial investment amount can be sustained by the cash flow of the project, but no addition to the value of the business
is made.
Question 10 Which one of the following would appear on IBM’s statement of financial position?
Correct
Mark 1.00 out of Select one:
1.00 a. Shareholders’ interest
EXPECTVIEW TUTORS 2/6
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