Exam (elaborations)
FIN2601 Assignment 1 COMPLETE ANSWERS) Semester 2 2024
- Course
- Financial Management
- Institution
- University Of South Africa
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FIN2601 Assignment 1COMPLETE ANSWERS)
Semester 2 2024
CONTACT: biwottcornelius@gmail.com
, FIN2601 Assignment 1 COMPLETE ANSWERS) Semester
2 2024
Question 1 Complete Mark 1.00 out of 1.00 QUIZ 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 investment
required to generate the profit is ignored. 1. a and b 2. c
and a 3. b and c 4. a, b and c Question 2 Complete Mark
1.00 out of 1.00 Question 3 Complete Mark 1.00 out of
1.00 Which one of the following best describes a capital
market? 1. A financial relationship created by institutions
and arrangements that allow suppliers and demanders of
short-term funds to make transactions. 2. An intangible
market for the purchase and sale of securities not listed
on organised exchanges. 3. A market that allocates funds
to their most productive uses as a result of competition
among wealth-maximising investors. 4. A financial
relationship created by institutions and arrangements
that allow suppliers and demanders of long-term funds to
make transactions. The Harddrive, 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 its total assets
turnover ratio is 1,25 with a sales value of R800 000.
What is the company’s return on assets (ROA)? 1. 5,63%
2. 14,21% 3. 17,77% 4. 22,32% Question 4 Complete
Mark 1.00 out of 1.00 Question 5 Complete Mark 1.00 out
of 1.00 Financial reporting provides information about a
company’s economic resources and the claims to those
resources and various parties have varying objectives
when they examine a company’s financial statements.
Which of the following statement is least correct when
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