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MNB1601 ASSIGNMENT 03 SEMESTER 1 2024 (869569)
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Website: www.sirmthembu.store | 0617568718/0670276883 | Email: info@sirmthembu.storeMNB1601 ASSIGNMENT 03_SEMESTER 1_2024
Started on Monday, 18 March 2024, 10:27 AM
State Finished
Completed on Monday, 18 March 2024, 10:37 AM
Time taken 10 mins 2 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
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Question text
Kate owns her own bakery and leases her operating equipment, such as ovens and fridges,
from EasyBake. The lease amount, which Kate pays back in regular installments, is
determined in such a way that the value of the asset, plus an interest charge, is paid back by
the end of the term of the lease, which is usually related to the lifespan of the asset. Which
type of financial leasing agreement does Kate have with EasyBake?
Select one:
a.
Operating-lease agreement
b.
Direct financial leasing
c.
Leaseback agreement
d.
Lifespan leasing
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The correct answer is: Direct financial leasing
Question 2
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Question text
The __________ of IBM consists primarily of receipts resulting from the sale of its products
and/or services.
Select one:
a.
profit
b.
income
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c.
liquidity
d.
capital structure
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The correct answer is: income
Question 3
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__________ involves the sale of debtors and is strictly speaking not considered borrowing.
Select one:
a.
Bank overdrafts
b.
Preference shares
c.
Debtor finance
d.
Accruals
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The correct answer is: Debtor finance
Question 4
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Question text
Which one of the following is a purpose of financial budgets?
Select one:
a.
They verify the viability of the strategic plans (operating budgets).
b.
They reveal the financial actions that the business must take to make the execution of its
strategic budgets possible.
c.
They indicate how the operating plans of the financial function will affect past financial
actions.
d.
They indicate how the operating plans of the business will affect future financial actions.
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