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FIN3702 EXAM PACK 2024/2025
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FIN3702 EXAM PACK 2024/2025
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lOMoARcPSD|47654148Downloaded by Tonnie Ochieng (tonnieochieng529@gmail.com)
, lOMoARcPSD|47654148
FIN3702
CONFIDENTIAL May/June 2023
UNIVERSITY EXAMINATIONS
May/June 2023
FIN3702
WORKING CAPITAL MANAGEMENT
70 Marks
2 Hours
This paper consists of 20 pages including an invigilator QR code on page 2 and one rough
work page on page 20. Please scan the QR code before you start 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 ONLINE before you commence with 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.
PLEASE NOTE that you have 2 hours within which to complete this exam. You have 15
additional minutes for downloading the exam paper and ONLY 30 additional minutes for
uploading your answers. Please use your time wisely.
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 20
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FIN3702
CONFIDENTIAL May/June 2023
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 3 essay questions totalling 40
marks. Your final mark out of 70 will be expressed as a percentage.
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 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.
Should you encounter any technical difficulty, please WhatsApp the Invigilator Helpdesk on 073 505
8273.
SECTION A: MULTIPLE-CHOICE QUESTIONS [30
MARKS]
1. ABSA Bank Ltd has offered Tumi Pizza Parlour the
following in response to a R100 000 one-year loan
application which was made to the bank. The stated rate
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FIN3702
CONFIDENTIAL May/June 2023
was 7% and a 20% compensating balance. What will the
effective annual rate be...
1. 7.00%.
2. 8.40%.
3. 8.75%. 4. 13.00%.
2. Boithumelo Furniture Suppliers maintain an average
inventory of 2000 desks to supply to schools. The carrying
cost per desk is estimated at R1.25. The company places
an order of 4000 desks on the first of each quarter and the
order cost is R80. What will the company’s carrying cost
be if the firm uses the EOQ method of inventory
management?
1. R 894.
2. R 1 215.
3. R 2 500. 4. R16 000.
3. Jamil Katende purchased inventory to the value of R100
000. The terms of sale were 3/15 net 45. What is the
effective annual interest rate if he paid the full amount in
45 days?
1. 28.00%
2. 44.90%
3. 57.60%
4. 74.30%
4. The credit policy of Phenya Archar Stores is 2/10 net 30.
At present 25% of customers take advantage of the
discount, 55% pay within the net period, and the
remainder pay within 42 days of invoicing. What will the
effect on receivables be if all customers take the discount?
1. Lower than the present level.
2. Higher than the present level.
3. Same as the present level.
4. Cannot be determined.
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