MAC3702/Assignment 1/2/2020
MAC3702
APPLICATION OF FINANCIAL MANAGEMENT TECHNIQUES
COMPULSORY ASSIGNMENT 01 FOR THE SECOND SEMESTER
DUE DATE: 31/08/2020
UNIQUE NUMBER: 719740
YOU MUST COMPLETE THIS ASSIGNMENT IF YOU ARE REGISTERED FOR THE SECOND
SEMESTER.
The assignment consists of 20 multiple-choice questions and counts 20 marks in total. Each
question must be considered independently, except where specific reference is made to
information in another question. Each question has only one correct answer.
You must complete this assignment on a mark-reading sheet. Mark-reading sheets can
only be submitted electronically via myUnisa. Please refer to the brochure my Studies @ Unisa
on how to submit the assignment on a mark-reading sheet, or electronically via myUnisa.
Assignments may not be submitted by POST, FAX or E-MAIL.
Please remember to enter the correct unique number of the assignment AND your correct
student number on the mark-reading sheet.
, MAC3702/Assignment 1
Question 1
Pecasi Limited is the largest cloting retailer in South Africa and is listed on the Johannesburg
Stock Exchange (JSE). The company have more than 3 000 retail stores, the majority of which
are in South Africa.
The recent depreciation of the rand against world’s major currencies (exacerbated by local
politics, slowing economy and rising levels of unemployment) has sent the JSE share index
into a downward spiral and the shareholders of Pecasi Limited have also seen a sharp decline
in their investment value in the company.
The statement of profit or loss and the statement of financial position of Pecasi Limited are
provided below:
Statement of profit or loss
For the year ended 31 March 2020
R million Notes 2020
Revenue 1 23 746
Cost of merchandise (13 252)
Gross profit 10 494
Other operating income 1 533
Other income 2 1 106
Trading expenses 3 (9 037)
Net finance costs 4 (1 075)
Profit before taxation 3 021
Taxation 6 ( 864)
Profit for the year 2 157
Dividend – Interim (R million) 7 382,5
Dividend – Final (R million) 7 765
Weighted average number of shares (million) 207
Number of retail outlets 3 125
Staff complement 21 981
Share price – closing (cents) 14 144
2
MAC3702
APPLICATION OF FINANCIAL MANAGEMENT TECHNIQUES
COMPULSORY ASSIGNMENT 01 FOR THE SECOND SEMESTER
DUE DATE: 31/08/2020
UNIQUE NUMBER: 719740
YOU MUST COMPLETE THIS ASSIGNMENT IF YOU ARE REGISTERED FOR THE SECOND
SEMESTER.
The assignment consists of 20 multiple-choice questions and counts 20 marks in total. Each
question must be considered independently, except where specific reference is made to
information in another question. Each question has only one correct answer.
You must complete this assignment on a mark-reading sheet. Mark-reading sheets can
only be submitted electronically via myUnisa. Please refer to the brochure my Studies @ Unisa
on how to submit the assignment on a mark-reading sheet, or electronically via myUnisa.
Assignments may not be submitted by POST, FAX or E-MAIL.
Please remember to enter the correct unique number of the assignment AND your correct
student number on the mark-reading sheet.
, MAC3702/Assignment 1
Question 1
Pecasi Limited is the largest cloting retailer in South Africa and is listed on the Johannesburg
Stock Exchange (JSE). The company have more than 3 000 retail stores, the majority of which
are in South Africa.
The recent depreciation of the rand against world’s major currencies (exacerbated by local
politics, slowing economy and rising levels of unemployment) has sent the JSE share index
into a downward spiral and the shareholders of Pecasi Limited have also seen a sharp decline
in their investment value in the company.
The statement of profit or loss and the statement of financial position of Pecasi Limited are
provided below:
Statement of profit or loss
For the year ended 31 March 2020
R million Notes 2020
Revenue 1 23 746
Cost of merchandise (13 252)
Gross profit 10 494
Other operating income 1 533
Other income 2 1 106
Trading expenses 3 (9 037)
Net finance costs 4 (1 075)
Profit before taxation 3 021
Taxation 6 ( 864)
Profit for the year 2 157
Dividend – Interim (R million) 7 382,5
Dividend – Final (R million) 7 765
Weighted average number of shares (million) 207
Number of retail outlets 3 125
Staff complement 21 981
Share price – closing (cents) 14 144
2
