Exam (elaborations)
FIN3702 EXAM PACK 2022 (Questions and Solutions)
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FIN3702 EXAM PACK 2022 (Questions and Solutions). 100% Pass guaranteed.
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Exam (Elaborations)FIN3702 EXAM PACK 2022
Contains June 2022, June 2021 & November 2021 exam
questions and answers for exam preparation. (Exam papers
attached)
WhatsApp +27 81 565 7602 for assistance.
, FIN3702
CONFIDENTIAL May/June 2022
UNIVERSITY EXAMINATIONS
May/June 2022
FIN3702
WORKING CAPITAL MANAGEMENT
70 Marks
2 Hours
This paper consists of 21 pages including an invigilator QR code on page 2, one rough work
page on page 20 and an honesty declaration form on page 21. Please scan the QR code before
you start with your examination. If you encounter difficulty with scanning the QR code, you
can also enter the QR access code as indicated at the bottom of the QR code to activate your
online invigilation.
Instructions:
Use of a non-programmable calculator is permissible.
This is a closed book examination, and you are advised not to consult your study material.
This exam is an online assessment, and all output should be your own work. Please remember
to sign the honesty declaration at the end of the examination paper.
The exam paper remains the property of the university and may not be distributed.
Please note that you submit your answers the same way you submit a written assignment on
myUNISA (myExams platform). It is necessary that you submit your exam file in PDF format
and obtain and/or keep a screenshot of successful upload. Further instructions have been
provided on myUNISA. Additionally, you will all need to use the invigilator application during
the exam and details of this are provided on page 2 of this examination paper.
Adequate space for answering the questions has been provided on this exam paper but you
are welcome to use your own answer sheets if your work is legible.
Page 2 of 55
, FIN3702
CONFIDENTIAL May/June 2022
Answer SECTION A and SECTION B.
SECTION A consists of 30 multiple-choice questions worth 30 marks (answer table
provided on page 10) and SECTION B consists of two essay questions totalling 40
marks. Your final mark out of 70 will be expressed as a percentage.
YOUR EXAM QR CODE & QR CCESS CODE
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
Ensure you are connected to the internet to log into the Invigilator App and scan this QR code. If you
encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access Code below
the QR code to start the invigilation. You can only scan this QR code once. You can only finish the
invigilator app when your entire assessment is completed. Only scan the QR code when the assessment
formally commences.
The QR code is only scannable for a limited time, and it should therefore be scanned as soon
as possible to start the invigilation.
Once the QR code is scanned, ensure your media volume Is turned up and place your smartphone next
to you. The Invigilator App will notify you with a notification beep when you are required to action a
request, which you should then perform. We recommend that you keep your smartphone on charge for
the duration of the assessment. If you only have one device, you may access your assessment in the
application by pressing the ‘Access Exam’ button in the top right corner of your app. Keep the
Invigilator App open on your cell phone for the full duration of the assessment. You are not
allowed to minimise or leave the app. Ensure you are connected to the internet to commence the
invigilation as well as at the end of the assessment. No internet connection is required during the
assessment. You must adhere to the assessment time limit communicated to you as the time
displayed in the Invigilator App could differ from the time allocated to complete your assessment.
You can click the "Finish Assessment" button in the app if you finish your assessment early. If you are
performing a written or Scan-and-Upload assessment: The Invigilator App may request, you to take
Page 3 of 55
, FIN3702
CONFIDENTIAL May/June 2022
a picture of every page of your answer sheet at the end of the assessment. This does NOT replace
the normal upload of your script to your institution’s online portal. After completing invigilation and
following all app instructions, you must upload your Invigilation App data. If however, there is a delay in
the upload of the app data at the end of the assessment, you should prioritise the upload of your script
to your university portal, and you can temporarily minimise the app to do so. Uploading of app data is
not time sensitive and you can come back, and do it after you have successfully uploaded your script to
the exam portal.
SECTION A: MULTIPLE-CHOICE QUESTIONS [30 MARKS]
1. Which one of the following is incorrect according to the statement below?
The operating cash required by a firm can be minimised by …
1. keeping lower inventory levels.
2. shortening the production cycle.
3. paying accounts payable as soon as possible.
4. collecting account receivable as quickly as possible.
2. The efficient management of cash involves ...
a. taking advantage of cash discounts.
b. maximizing the cash turnover.
c. increasing the inventory levels.
d. using any technique to collect accounts receivable.
e. delaying cash payments without affecting creditworthiness.
1. a, b, c.
2. b, c, d.
3. c, d, e.
4. a, d, e.
5. a, b, e.
3. First National Bank Ltd has offered Junior the following alternatives in response
to the R75 000 one-year loan application he made to the bank.
• Alternative 1: 7% discount interest, with a 10% compensating balance.
• Alternative 2: 8% simple interest with interest paid monthly.
What will be the effective annual rate if Junior chooses to take the cheaper alternative?
1. 7.23%
2. 7.67%
3. 8.00%
4. 8.30%
Page 4 of 55
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