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MAC2602 ASSESSMENT 1 sem 2 OF 2024 EXPECTED QUESTIONS AND ANSWERS

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  • Course
  • MAC2602 - Principles Of Strategy, Risk & Financial Management Techniques (MAC2602)
  • Institution
  • University Of South Africa (Unisa)

This document contains MAC2602 ASSESSMENT 1 EXPECTED QUESTIONS AND ANSWERS SEM 2 OF 2024. Using it correctly as a guide will help you score above 80%

Last document update: 11 months ago

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Document information

  • March 22, 2023
  • March 18, 2024
  • 116
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mac2602
  • tax2601
  • fin2601
  • ecs2601
  • ecs2602
  • inv2601
  • tax1501
  • ecs2603
  • ecs2604
  • bnu1500

Written for

  • University of South Africa (Unisa)
  • MAC2602 - Principles Of Strategy, Risk & Financial Management Techniques (MAC2602)
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Started on Monday, 18 March 2024, 7:15 PM
State Finished
Completed on Monday, 18 March 2024, 7:53 PM
Time taken 38 mins 27 secs
Marks 48.00/50.00
Grade 96.00 out of 100.00


Question 1
One of the local banks in your region is offering a fixed term deposit option that calculates interest at the end of each quarter at an annual compound interest rate of 9%. What is the periodic rate
Correct
of this fixed term deposit option? Set your calculator to four decimal places for your workings and round your final answer to two decimal places. Slight rounding differences may occur - choose
Mark 3.00 out the alternative that is closest to your answer.
of 3.00
(a) 3,00%
Flag
question (b) 9,00%
(c) 2,25%
(d) 8,71%
OSCAR THE TUTOR
Select one:
0737560989
a. 2,25% FOR
b. 3,00% FAC,MAC,ECS,DSC,QMI,FIN,INV,BNU,MNB,STA,MNG
c. 9,00%
d. 8,71%




Question 2
Peter would like to buy a bachelor’s flat in four years’ time when he commences his articles. By then he will need to have a deposit of R50 000. Calculate the amount that he will need to invest
Correct
annually for the next four years at 10% compounded interest to have the full amount for the deposit after four years. Set your calculator to four decimal places. Round your final answer to the
Mark 3.00 out nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
of 3.00
(a) R15 773
Flag
question (b) R10 774
(c) R13 750
(d) R 8 190



Select one:
a. R10 774
b. R15 773

c. R 8 190
d. R13 750




Question 3
Precious, a trainee accountant, invested an amount of money at 8% compounded interest. She will indefinitely receive an amount of R3 000 annually. Calculate the present value of the amount
Correct
that Precious invested? Set your calculator to four decimal places and round your final answer to the nearest rand. If slight rounding differences occur - choose the alternative that is closest to
Mark 3.00 out your answer.
of 3.00
(a) R36 700
Flag
question (b) R37 500
(c) R33 773
(d) R29 454



Select one:
a. R29 454
OSCAR THE TUTOR
b. R37 500
0737560989
c. R33 773
FOR
d. R36 700
FAC,MAC,ECS,DSC,QMI,FIN,INV,BNU,MNB,STA,MNG


Question 4
What are the quarterly payments for a loan of R1 540 000 bearing interest at 16% per annum, repayable in equal bi-annual payments over the next 10 years? You can apply either the correct
Correct
equation, mathematical formula, or financial calculator. Set your calculator to four decimal places and round your final answer to the nearest rand. Slight rounding differences may occur - choose
Mark 3.00 out the alternative that is closest to your answer.
of 3.00
(a) R318 628
Flag
question (b) R156 852
(c) R259 747
(d) R229 508



Select one:
a. R318 628
b. R156 852
c. R259 747
d. R229 508




Your mother wants to save money to build up a nest egg for unforeseen expenses. She will invest her Christmas bonus of R6 000, that she receives from her employer, at the beginning of each
year. Her investment will earn interest at a rate of 6% compounded annually. Calculate the value of her investment after five years? Set your calculator to four decimal places for calculations and
round the final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
(a) R33 823
(b) R41 800
(c) R35 852

, (d) R27 823
Question 5
Correct
Select one:
Mark 3.00 out
of 3.00 a. R33 823
Flag b. R35 852
question
c. R27 823
d. R41 800




Question 6
Apply your knowledge of time value of money to determine the present value of an annuity that pays R45 000 per year at the end of every year for 15 years. Interest is compounded at 8% per
Correct
annum. Set your calculator to four decimal places and round your final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
Mark 3.00 out
of 3.00 (a) R729 000
Flag (b) R 48 600
question
(c) R385 178
(d) R 30 814



Select one:
a. R729 000



b. R385 178

c. R 48 600
d. R 30 814




Question 7
You invested R30 000 for six years at 1% interest per quarter. Simple interest applies. Calculate the value of this investment after six years. Set your calculator to four decimal places and round
Correct your final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
Mark 3.00 out
of 3.00 (a) R35 400
Flag (b) R31 800
question
(c) R51 600
(d) R37 200



Select one:
a. R31 800
b. R37 200

c. R51 600
d. R35 400




Question 8
Building Repairs (Pty) Ltd invests R15 000 annually at the end of each financial period for a period of six years at 12% compounded interest per annum. Calculate the present value of this
Correct
annuity? Set your calculator on four decimal places and round your final answer to the nearest rand. If slight rounding differences occur - choose the alternative that is closest to your answer.
Mark 3.00 out
of 3.00 (a) R 61 671
Flag (b) R 68 456
question
(c) R 86 375
(d) R1 163 625



Select one:
a. R1 163 625
b. R 68 456

c. R 86 375
d. R 61 671




Question 9
Samuel invested R3 500 today at an annual compound interest rate of 11%. What will the value of his investment be at the end of 5 years? Use the mathematical formula to calculate your answer.
Correct
Set your calculator to four decimal places for your calculations and round your final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to
Mark 3.00 out your answer.
of 3.00
(a) R21 797
Flag
question (b) R 5 898
(c) R12 984
(d) R 2 077



Select one:
a. R12 984
b. R 2 077

c. R21 797
d. R 5 898




Question 10
FAKE-TURF Company will be renting out their office space in Cape Town for a period of three (3) years. They will receive R450 000 per year. The first payment will be due now, and the remainder of
Correct
the payments at the beginning of each of the following two years. Calculate the present value of the annuity received in advance? The compound interest rate is 9%. Set your calculator to four
Mark 3.00 out decimal places for calculations and round the final answer to the nearest rand. Slight rounding differences may occur - choose the alternative that is closest to your answer.
of 3.00
(a) R 791 505
(b) R1 241 500

, Flag (c) R1 683 000
question
(d) R1 233 000




Select one:
a. R1 241 500
b. R1 233 000
c. R1 683 000

d. R 791 505




Question 11
Which combination of the following considerations are all TRUE when an organisation needs to raise long-term capital?
Correct
(1) Debt holders run the highest risk of their capital not being repaid.
Mark 2.00 out
of 2.00 (2) Debt tends to have a finite life while equity tends to be part of the organisation for life.
Flag (3) Equity financing is relatively more expensive than debt financing.
question
(4) Holders of ordinary shares do not control the organisation as they have no voting rights. OSCAR THE TUTOR
(5) Interest payable on debt is deductible as a business expense for normal tax purposes.
0737560989
(a) Statements (1), (3) and (5)
FOR
(b) Statements (1), (2) and (5) FAC,MAC,ECS,DSC,QMI,FIN,INV,BNU,MNB,STA,M
(c) Statements (2), (3) and (5) NG
(d) Statements (2), (3) and (4)



Select one:
a. Statements (1), (3) and (5)

b. Statements (1), (2) and (5)
c. Statements (2), (3) and (5)

d. Statements (2), (3) and (4)




Question 12
Which ONE of the following statements regarding the specific classified stakeholders and the type of interest they have, is TRUE?
Incorrect
a) The government is the primary, internal stakeholder of a company and has a strong influence on how the organisation is managed.
Mark 0.00 out
of 2.00 b) Pressure groups, such as workers unions, are secondary, external stakeholders that act on behalf of people whose rights are adversely affected by a company.
Flag c) Banks and lenders form part of the secondary, connected stakeholders of a company and they are interested in the cash flows of that company.
question
d) Shareholders/owners are primary, internal stakeholders and their interests will mainly be issues concerned with the growth and continued existence of the company.



Select one:
a. Banks and lenders form part of the secondary, connected stakeholders of a company and they are interested in the cash flows of that company.

b. The government is the primary, internal stakeholder of a company and has a strong influence on how the organisation is managed.
c. Pressure groups, such as workers unions, are secondary, external stakeholders that act on behalf of people whose rights are adversely affected by a company.

d. Shareholders/owners are primary, internal stakeholders and their interests will mainly be issues concerned with the growth and continued existence of the company.




Question 13
Select the option that will NOT be regarded as a correct strategic objective of a company that operates a clothing store chain in South Africa. Their mission is: “To be one of the largest clothing
Correct
store chains in the local industry to meet the needs of all our stakeholders”.
Mark 2.00 out
of 2.00 (a) To become one of the top three clothing store chains in Africa by gaining at least 70% of the market share within the next two years. This increase in market share from the current 40% to
70% will be achieved by taking over 20 existing clothing stores of competitors.
Flag
question (b) To become one of the top five clothing store chains in South Africa by gaining at least 60% of the market share within the next four years. This increase in market share from the current 40%
to 60% will be achieved by aggressive marketing and cutting costs through implementing a bulk buying policy.
(c) To become one of the top five clothing store chains in South Africa by gaining at least 50% of the market share within the next five years. This increase in market share from the current 40%
to 50% will be achieved by taking over 30 identified competitors in South African rural areas. Additionally, aggressive marketing and cutting costs through implementing a bulk buying policy will be
used to help reach the targeted market share.
(d) To become one of the top five clothing store chains in South Africa by gaining at least 50% of the market share within the next five years. This increase in market share from the current 40%
to 50% will be achieved by taking over 10 identified competitors in South African townships. The marketing budget will be increased to enable aggressive marketing. The implementation of a bulk
buying policy will be used to help cut costs and reach the targeted market share.



Select one:
a. To become one of the top three clothing store chains in Africa by gaining at least 70% of the market share within the next two years. This increase in market share from the current
40% to 70% will be achieved by taking over 20 existing clothing stores of competitors.

b. To become one of the top five clothing store chains in South Africa by gaining at least 50% of the market share within the next five years. This increase in market share from the current
40% to 50% will be achieved by taking over 10 identified competitors in South African townships. The marketing budget will be increased to enable aggressive marketing. The
implementation of a bulk buying policy will be used to help cut costs and reach the targeted market share.
c. To become one of the top five clothing store chains in South Africa by gaining at least 50% of the market share within the next five years. This increase in market share from the current
40% to 50% will be achieved by taking over 30 identified competitors in South African rural areas. Additionally, aggressive marketing and cutting costs through implementing a bulk buying
policy will be used to help reach the targeted market share.

d. To become one of the top five clothing store chains in South Africa by gaining at least 60% of the market share within the next four years. This increase in market share from the current
40% to 60% will be achieved by aggressive marketing and cutting costs through implementing a bulk buying policy.




Which ONE of the following alternatives does NOT relate to a reason why stakeholders can influence future strategies of an organisation?
(a) The organisation has cash flow problems and needs an overdraft facility or loan from their banker.
(b) The main customer of the organisation expects special discounts.
(c) The organisation has a large institutional shareholder that expect high returns from their investment.
(d) The organisation is in existence for more than ten years and is in its maturity phase.

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