Exam (elaborations)
Fin2603 Assignment 1 Semester 2 2024
- Institution
- University Of South Africa (Unisa)
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7/25/24, 12:22 PM Assessment 1: Attempt reviewUNISA 2024 FIN2603-24-S2 Welcome Message Assessment 1
QUIZ
Started on Thursday, 25 July 2024, 12:10 PM
State Finished
Completed on Thursday, 25 July 2024, 12:22 PM
Time taken 12 mins 22 secs
Book exam and assignment 2 in time
Question 1
WhatsApp 064 516 7275. Distinction
Complete
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At the operating breakeven point, ... equals zero.
a. variable cost
b. fixed cost
c. earnings before interest and tax (EBIT)
d. net profit after tax
Question 2
Complete
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B and C Limited extend credit terms of 43 days to its customers. Its credit collection
would likely be considered poor if its average collection period was ...
a. 30 days.
b. 45 days.
c. 43 days.
d. 36 days.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20332625&cmid=846386 1/8
, 7/25/24, 12:22 PM Assessment 1: Attempt review
Question 3
Complete
Marked out of 1.00
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.
c. expand due to declining interest rates, an increase in sales and improved
feasibility of investment opportunities.
d. relax credit standards due to a decline in sales, a decrease in bad debts and
a slowdown of cash outflow.
Question 4
Complete
Marked out of 1.00
Which one of the following is a major expense associated with issuing new ordinary
shares.
a. Underpricing
b. Registration fees
c. Legal fees
d. Underwriting fees
Question 5
Complete
Marked out of 1.00
Finance can be defined as the ...
a. science of the production, distribution and consumption of wealth.
b. art of merchandising products and services.
c. system of debits and credits.
d. art and science of managing money.
Question 6
Complete
Marked out of 1.00
A current ratio of 4:1 may indicate that the firm has too much ...
a. cash.
b. all of the above.
c. accounts receivable.
d. inventory.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=20332625&cmid=846386 2/8
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