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MAC2602 Assessment 2 all 3 attempts 90%
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MAC2602 Assessment 2 all 3 attempt, 90% pass guaranteed
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Attempt 1Question 1
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Select all the statements that are TRUE?
(1) Short-term financing refers to externally generated funds that are used by organisations
to finance their cyclical/seasonal needs or funding that are utilised when an organisation
experiences a cash shortfall.
(2) Long-term loans (private debt) are normally negotiated directly between the borrowing
organisation and the lending organisation.
(3) Credit rating agencies such as Standard & Poor and Fitch are organisations that provide
international financial research on bonds and other debt instruments that are issued by
governments and other organisations.
(4) A debenture or bond is a short-term contract between the organisation that issues it and
the buyer thereof.
,(a) Statements (1), (2) and (3)
(b) Statements (1) and (2)
(c) Statements (1), (3) and (4)
(d) Statements (1), (2), (3) and (4)
Select one:
a.
Statements (1), (3) and (4)
b.
Statements (1), (2), (3) and (4)
c.
Statements (1) and (2)
d.
Statements (1), (2) and (3)
Question 2
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BLUERAY Equipment (Pty) Ltd needs further financing to expand their operations. Which ONE
of the following is NOT an example of how BLUERAY Equipment (Pty) Ltd can raise money
externally?
(a) Borrowing money from their bank.
(b) Retaining their operating cash flow.
(c) Borrowing from their creditors.
(d) Borrowing money from a financial institution.
Select one:
a.
Borrowing from their creditors.
b.
Borrowing money from a financial institution.
c.
,Retaining their operating cash flow.
d.
Borrowing money from their bank.
Question 3
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Which ONE of the following types of shares can be exchanged for another financial asset
when reaching a specific date in the future or after a specific period?
(a) Non-redeemable shares
(b) Participating preference shares
(c) Convertible preference shares
(d) Redeemable preference shares
Select one:
a.
Non-redeemable shares
b.
Participating preference shares
c.
Convertible preference shares
d.
Redeemable preference shares
Question 4
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A strategic plan contains different goals. Identify the term used for having short-term easily
achievable, medium-term more difficult to achieve as well as long-term very high goals
included within other goal/(s).
, (a) Goal congruency
(b) Goal planning
(c) Goal sequencing
(d) Goal hierarchy
Select one:
a.
Goal hierarchy
b.
Goal congruency
c.
Goal sequencing
d.
Goal planning
Question 5
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Select the combination of the following statements regarding growth rate as applied in ratio
analysis that are all TRUE.
(1) Further comparison and investigation should be done when there is an increase or
decrease in the growth rate for the result to be sensible.
(2) Growth rate refers to the percentage that a line item in the financial information of an
organisation has increased or decreased from one period to another.
(3) Growth rates could not be used in conjunction with other ratios that were analysed to
help clarify the results.
(4) The growth rate can provide an indication of the success of an organisation’s operations
over several periods or years.
(5) Growth rates can only be calculated on figures in the statement of profit or loss and
other comprehensive income.
(a) Statements (1), (2) and (3)
(b) Statement (1), (3) and (4)
(c) Statements (1), (2) and (4)
(d) Statement (1), (2), (3) and (5)
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