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Fac1601 Assignment 4 Semester 2 2024
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Fac1601 Assignment 4 Semester 2 2024
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10/20/24, 5:16 PM Assessment 4 (page 1 of 32)FAC1601-24-S2 Welcome Message Assessment 4
QUIZ
Time left 2:26:13
Question 1
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Which of the following would appear
under cash ows from nancing
activities?
a. Cash paid for interest on a loan.
b. Cash proceeds from a new loan.
c. Dividends received from
investments.
d. Cash paid to purchase inventory.
Clear my choice
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,10/20/24, 5:18 PM Assessment 4 (page 2 of 32)
UNISA 2024 FAC1601-24-S2 Welcome Message Assessment 4
QUIZ
Time left 2:24:17
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,10/20/24, 5:18 PM Assessment 4 (page 2 of 32)
Question 2
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Qumbu Energy Ltd installs wind power turbines for renewable energy projects in OR
Tambo District Municipality in the Eastern Cape. The company services government
contracts and private energy rms, operating from Qumbu with projects mainly
along the municipality. In 2023, Qumbu Energy completed three major installations,
growing rapidly as renewable energy demand rises.
The following nancial information is presented to you to assist in the analysis and
interpretation of the performance and the overall nancial health of the business:
Extract from the statement of nancial position information as at 28 February 2024:
2024 2023
R R
Share capital 166,000 166,000
Retained earnings (opening) 101,000 17,000
Long-term loan: Ndebele Corporation 142,000 182,000
Machinery and equipment (at carrying amount) 208,000 243,000
Inventories 166,000 175,000
Prepayments 24,000 43,000
Trade payables control 170,000 152,000
Trade receivables control 125,000 93,000
Bank 58,000 44,000
Income tax payable 14,000 25,000
Revenue 609,000 549,000
Purchases 412,000 408,000
Operating and administrative expenses 87,000 78,000
Interest on long-term loan 18,000 21,000
Ordinary dividend paid 9,000 5,000
Additional information
1. The income tax expense for the year ending 2023 amounted to R32 000 and the
income tax expense for the current year is R22 000
2. The opening inventories for the nancial year ending 2023 amounted to R96
000.
3. Assume that all purchases and sales are on credit.
The correct current ratio for the nancial year ended 29 February 2024 is 2.03.
True
False
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, 10/20/24, 5:23 PM Assessment 4 (page 3 of 32)
UNISA 2024 FAC1601-24-S2 Welcome Message Assessment 4
QUIZ
Time left 2:19:40
Question 3
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Marked out of 1.00
Which of the following items is adjusted for when using the indirect method for
preparing a statement of cash ows?
a. Cash receipts from customers
b. Employee salaries
c. Depreciation expense
d. Loan repayments
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=23265026&cmid=1008889&page=2 1/1
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