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FIN2603 Assignment 1 semester 2 2024 distinction guarantee
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FIN2603 Assignment 1 semester 2 2024 distinction guarantee 25 MCQ Questions and answers
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A decrease in assets is recordedby means of a... entry and an
increase in owners’ equity is
recorded by means of a... entry.
a. credit; credit
b. debit: debit
c. credit; debit
d. debit; credit
,At the operating breakeven point,
... equals zero.
a. variable cost
b. fixed cost
Cc. earnings before interest
and tax (EBIT)
d. net profit after tax
, Vermaak & Associates Ltd has
to raise an additional R1 000 000
in equity. The firm should ideally
finance itself by means of ...
a. R300 000 in debentures
and 700 000 non-voting
preference shares at
100 cents each.
b. R900 000 in debentures,
10 000 ordinary shares
at a par value of 100
cents each and R10 000
in retained earnings.
c. 900 000 ordinary shares
at a par value of 200
cents each.
d. R300 000 in cash, R1 00
000 in accounts
receivable and R600
000 of inventory.
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