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MNB1601 Assessment 3_ Attempt review 2023
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MNB1601 Assessment 2_ Attempt review 2023
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Sharon RUDANSKY-KLOPPERS
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Business Management IB 23 S1
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MNB1601-23-S1
Welcome to MNB1601
Assessment 3
Started on Sunday, 26 March 2023, 8:21 PM
State Finished
Completed on Sunday, 26 March 2023, 9:59 PM
Time taken 1 hour 38 mins
Marks 26.00/30.00
Grade 86.67 out of 100.00
Question 1
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Question text
____________ are the most common form of non-current liabilities and a certificate is issued showing the
conditions of the loan.
Select one:
a.
Registered-term loans
b.
Debentures
c.
Bonds
d.
Leases
,Feedback
The correct answer is: Debentures
Question 2
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Question text
Mohammad is the owner of a gourmet ice-cream shop in Durban. While preparing for the busy holiday
season, Mohammad notices that his biggest competitor, SoftServe, has gone out of business. They are selling
their ice-cream machine at a very good price during their liquidation sale. As Mohammad has put away extra
cash, he can capitalise on this opportunity. Which one of the following represents Mohammad’s reason for
keeping cash available in the above scenario?
Select one:
a.
The transaction motive.
b.
The precautionary motive.
c.
The speculative motive.
d.
The capitalisation motive.
Feedback
The correct answer is: The speculative motive.
Question 3
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Question text
Rapula is the financial manager of Plastic Fantastic, a plastic container manufacturer. While doing the
financial statements, Rapula will need to calculate the return on owners’ equity (ROE). In addition to net
profit, Rapula will also require ___________ in order to calculate this ratio.
Select one:
a.
sales
b.
gross profit margin
c.
, total assets
d.
owners’ equity
Feedback
The correct answer is: owners’ equity
Question 4
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Question text
Study the information from IBM’s financial statements below:
Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
Current assets R 48 116 000 R 48 935 000 R 49 004 000
Current liabilities R 40 562 000 R 36 002 000 R 42 435 000
Inventory R 2 450 000 R 2 494 000 R 2 701 000
Total liabilities R 90 405 000 R 86 385 000 R 96 058 000
Total assets R 113 452 000 R 109 022 000 R 109 524 000
Net income R 14 833 000 R 13 425 000 R 12 334 000
Gross profit R 46 014 000 R 43 785 000 R 45 661 000
Sales R 99 870 000 R 95 758 000 R 103 630 000
What is the acid-test ratio for the year 2008?
Select one:
a.
1,14:1
b.
1,13:1
c.
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