100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FIN4801 Assignment 4 2023 Solutions R50,00
Add to cart

Exam (elaborations)

FIN4801 Assignment 4 2023 Solutions

1 review
 136 views  8 purchases

For assistance, contact 081 .

Preview 1 out of 4  pages

  • July 28, 2023
  • 4
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (24)

1  review

review-writer-avatar

By: priyasingh1 • 1 year ago

Incorrect assignment

avatar-seller
knowledgehut
FIN4801 ASSIGNMENT 04 2023


SUGGESTED SOLUTIONS




QUESTION 1



Mills Ltd., a manufacturer of various flour products wants to estimate its funding requirements
for the coming financial year. In the current financial year, the company achieved sales of
R100 million on assets worth R1000 million and liabilities of R500m. It’s resulting net profit
margin was 10% with no dividend being paid as the company is in a high growth phase. All
assets and liabilities are considered spontaneous and increase in line with sales. It is expected
that sales will grow by 20% in the coming year. Assets are however only utilized up to 80% of
total capacity and the spare capacity can be used first before new capacity is installed.
Required: Determine the Rand value of the spare asset capacity.




20% unused capacity = 0.2 *R1000 = R200 million

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller knowledgehut. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R50,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53022 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R50,00  8x  sold
  • (1)
Add to cart
Added