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FIN3702 ASSIGNMENT 2 2024
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FIN3702 ASSIGNMENT 2 2024
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4/25/24, 10:45 AM Assessment 2Network connection lost. (Autosave failed).
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UNISA 2024 FIN3702-24-S1 Welcome Message Assessment 2
QUIZ
Question 1
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Commercial banks lend unsecured short-term funds in the following three basic ways.
1. Single-payment notes, lines of credit, and commercial paper.
2. Single-payment notes, lines of credit, and revolving credit agreements.
3.
Single-payment notes, revolving credit agreements, and commercial paper.
4.
Commercial paper, lines of credit, and revolving credit agreements.
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Question 2
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Tinashe Mining borrowed R100 000 for one year under a line of credit with a stated interest rate of 7.5% and a 15%
compensating balance. Normally, the firm keeps almost no money in its checking account. Based on this information, the
effective annual interest rate on the loan is approximately …
1. 7.2%.
2. 7.5%.
3. 8.0%.
4. 8.8%.
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https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=18257623&cmid=889561 1/11
, 4/25/24, 10:45 AM Assessment 2
Question 3
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Marked Make a note
out of 1.00 of any responses entered on this page in the last few minutes, then try to re-connect.
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In the next planning period, a firm plans to change its policy of all cash sales and initiate a credit policy requiring payment
within 30 days. The statements that will be directly affected immediately are the …
1.
pro forma balance sheet and cash budget.
2.
cash budget and statement of retained earnings.
3.
pro forma income statement and pro forma balance sheet.
4.
pro forma income statement, pro forma balance sheet and cash budget.
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Question 4
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Other things held constant, which of the following would tend to reduce the cash conversion cycle?
1.
Take all discounts that are offered.
2.
Offer longer payment terms to customers.
3.
Carry a constant amount of receivables as sales decline.
4.
Continue to take all discounts that are offered and pay on the net date.
5.
Place larger orders for raw materials to take advantage of price breaks.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=18257623&cmid=889561 2/11
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