FAC2601 Assessment 1 - 18 March 2026 SEMESTER 1 Attempt review

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Dashboard / My courses / FAC2601-26-S1 / Welcome Message / Assessment 1 - 18 March 2026 (12:00 - 21:00)


Started on Wednesday, 18 March 2026, 12:05 PM
State Finished
Completed on Wednesday, 18 March 2026, 1:23 PM
Time taken 1 hour 18 mins


Question 1
Complete

Marked out of 2.00




Nexis Ltd underwrites 65% of an issue of 750 000 ordinary shares at R15 each in Karce Ltd. The underwriting commission is 7,5% and
the public takes up 680 000 shares.

Required:

Which one of the following amounts will be the liability of the underwriter?



1. R1 050 000

2. R682 500

3. R2 500 000

4. R850 000




Question 2

Complete

Marked out of 2.00




Bongi Ltd underwrites 60% of an issue of 800 000 ordinary shares at R8 each in Comet Ltd. The underwriting commission is 10% and
the public takes up 500 000 shares.
Required:

Calculate the commission payable to Bongi Ltd?



1. R540 000

2. R640 000

3. R440 000

4. R384 000