FIN2601 Assignment 1 (DETAILED ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED
Answers, guidelines, workings and references . Which of the following statements are correct if a company focuses on profits as financial goal? a) Risk is ignored. b) The share price is ignored. c) The size of the inv...
1. Which of the following statements are correct if a company focuses on profits as a
financial goal?
○ Answer: 4. a, b, and c
2. Which one of the following best describes a capital market?
○ Answer: 4. A financial relationship created by institutions and arrangements that allow
suppliers and demanders of long-term funds to make transactions.
3. The Hard Drive, the technology consulting company, given its earnings before interest
and tax (EBIT) is R. The company’s time interest earned (TIE) ratio is 8.0, its tax rate is 35%, and
The benefits of buying summaries with Stuvia:
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
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
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 masterstudy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R46,62. You're not tied to anything after your purchase.