Exam (elaborations)
Mac1501 Assignment 3 semester 2 2022
- Institution
- University Of South Africa (Unisa)
Mac1501 Assignment 3 semester 2 2022 The document contains Assessment 3 questions together with answers Distinction guaranteed
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By: sinenhlanhlaxulu • 2 year ago
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6/23/22, 2:06 PM Assessment 4: Attempt reviewMENU
Dashboard / Courses / UNISA / 2022 / Semester 1 / MAC1501-22-S1 / Welcome Message / Assessment 4
Started on Monday, 25 April 2022, 12:33 PM
State Finished
Completed on Monday, 25 April 2022, 1:25 PM
Time taken 52 mins 40 secs
Marks 22.00/28.00
Grade 78.57 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Labour turnover refers to the employees joining the company.
Select one:
True
False
Labour turnover refers to the employees leaving the company and having to be replaced.
The correct answer is 'False'.
Question 2
Correct
Mark 1.00 out of 1.00
Financial management entails the planning, monitoring and control of the physical resources of the entity.
Select one:
True
False
Financial management entails the planning, monitoring and control of the financial resources of the entity.
The correct answer is 'False'.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2748214&cmid=215976 1/14
,6/23/22, 2:06 PM Assessment 4: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
MENU
Ideally the ROA (return on assets) should be equal to the ROE (return on equity).
Dashboard / Courses / UNISA / 2022 / Semester 1 / MAC1501-22-S1 / Welcome Message / Assessment 4
Select one:
True
False
ROA=ROE means that the company does not use any debt to finance its assets. When debt is used effectively, i.e., where the debt generates
more profit than what it costs, the return to owners (ROE) is increased.
The correct answer is 'False'.
Question 4
Correct
Mark 1.00 out of 1.00
Labour stability refers to the company’s ability to retain employees.
Select one:
True
False
The correct answer is 'True'.
Question 5
Correct
Mark 1.00 out of 1.00
Total ordering costs are calculated by multiplying the average number of units in inventory by the fixed cost per order.
Select one:
True
False
Total ordering costs are calculated by multiplying the number of orders paid by the fixed cost per order.
The correct answer is 'False'.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2748214&cmid=215976 2/14
,6/23/22, 2:06 PM Assessment 4: Attempt review
Question 6
Correct
Mark 1.00 out of 1.00
MENU
Cost accumulation is basically identical in job costing and process costing, except that in job costing, only variable overheads are assigned to
Dashboard while
production, / Courses
process/ costing
UNISA fully
/ 2022 / Semester
absorbs 1 / MAC1501-22-S1
fixed production / Welcome Message / Assessment 4
overheads as well.
Select one:
True
False
Both job costing and process costing can use either marginal costing or absorption costing as a method of cost determination.
The correct answer is 'False'.
Question 7
Correct
Mark 1.00 out of 1.00
Which one of the following users of the financial statements of a company are the internal parties?
Select one:
A. Investors
B. Suppliers
C. Employees
D. Public
The correct answer is:
Employees
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2748214&cmid=215976 3/14
, 6/23/22, 2:06 PM Assessment 4: Attempt review
Question 8
Incorrect
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MENU
The following are all advantages of keeping inventory in the store except for _______.
Dashboard / Courses / UNISA / 2022 / Semester 1 / MAC1501-22-S1 / Welcome Message / Assessment 4
A. avoiding possible price increases.
B. large quantities purchased to take advantage of the supplier’s special discount.
C. meeting the sales demands and continuity of the manufacturing process.
D. the inventory that might become obsolete.
The correct answer is:
the inventory that might become obsolete.
Question 9
Correct
Mark 1.00 out of 1.00
Which one of the following ratios is efficiency ratio?
Select one:
A. Quick ratio
B. Gross profit margin
C. Debt ratio
D. Cash Conversion Cycle
The correct answer is:
Cash Conversion Cycle
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2748214&cmid=215976 4/14
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