Exam (elaborations)
FIN2603 ASSIGNMENT 1 DUE 20 AUGUST 2024
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- Institution
THIS ASSESSMENT WAS DUE 26 JULY AND IT IS EXTENDED TO 20 AUGUST.
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1. UNISA2. 2024
3. FIN2603-24-S2
4. Welcome Message
5. Assessment 1
QUIZ
Assessment 1
Open course index
Open block drawer
Started on Thursday, 25 July 2024, 3:24 AM
State Finished
Completed on Thursday, 25 July 2024, 4:03 AM
Time taken 39 mins 20 secs
Question 1
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Question text
... costs are a function of time, not volume.
a.
Fixed operating
b.
Semi-variable
c.
Variable
d.
Fixed financial
Question 2
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If accounts receivable increase by R500, inventory increases by R200 and accounts payable
increase by R400, net working capital would ...
a.
, decrease by R300.
b.
increase by R700.
c.
increase by R300.
d.
remain unchanged.
Question 3
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The long-term financial goal of the firm may be achieved by ...
a.
maximising revenue and minimising expenses.
b.
accelerating cash inflows.
c.
minimising the cost of capital and maximising the internal rate of return (IRR).
d.
maximising the assets relative to the liabilities.
Question 4
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During periods where the consumer price index (CPI) is expected to decrease, a retail firm
will have to ...
a.
apply credit standards more strictly due to rising interest rates, increase in sales, but a
slowdown of cash inflow.
b.
budget more conservatively as a result of rising interest rates, a decline in sales and an
increase in bad debts.
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