FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (355803)- DUE 6 September 2024
FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (355803)- DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (355803)- DUE 6 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.
All for this textbook (29)
Written for
University of South Africa
Working Capital Management
All documents for this subject (52)
Seller
Follow
Jennifer2024
Reviews received
Content preview
FIN3702 Assignment
1 (COMPLETE
ANSWERS) Semester 2
2024 (355803)- DUE 6
September 2024 ;
100% TRUSTED
Complete, trusted
solutions and
explanations
ADMIN
[COMPANY NAME]
, FIN3702 Assignment 1 (COMPLETE ANSWERS) Semester
2 2024 (355803)- DUE 6 September 2024 ; 100% TRUSTED
Complete, trusted solutions and explanations.
Question 1 Not yet answered Marked out of 1.00 Question 2 Not
yet answered Marked out of 1.00 QUIZ Which of the following
is appropriate collateral for a loan secured under a fl oating
inventory lien? 1. Cars 2. Paper clips 3. Drill presses 4. File
cabinets A fi rm has issued R2 million worth of commercial
paper that has a 90-day maturity and sells for R1 950 000. The
approximateannual interest rate on the issue of commercial
paper is … (assume 365 days in a year). 1. 5% 2. 11% 3. 21% 4.
23% Question 3 Not yet answered Marked out of 1.00 Question
4 Not yet answered Marked out of 1.00 Question 5 Not yet
answered Marked out of 1.00 Lenders recognize that by having
an interest in collateral they can reduce losses if the borrowing fi
rm defaults, … 1. and the presence of collateral reduces the risk
of default. 2. but the presence of collateral has no impact on the
risk of default. 3. therefore, lenders prefer to lend to customers
from whom they are able to require collateral. 4. therefore,
lenders will impose a higher interest rate on unsecured short-
term borrowing. A Taijikwan Mining fi rm borrowed R100,000
for one year under a revolving credit agreement that authorized
and guaranteedthe fi rm access to R200,000. The revolving
credit agreement had a stated interest rate of 7.5% and charged
the fi rm a 1%commitment fee on the unused portion of the
agreement. Based on this information, the effective annual
interest rate on theloan was … 1. 7.5% 2. 8.0% 3. 8.5% 4. 9.0%
The major type of loan made by banks to businesses is the … 1.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Jennifer2024. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.50. You're not tied to anything after your purchase.
