Formative Assessment Topic 2&3 Short term & Long term Financing
Authored by CtZakiah B
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is two type sources of short-term credit?
Unsecured funding and Secured funding
Secured funding and sure funding
Unsure funding and Unsecured funding
Sure funding and Unsure finding
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
What is Unsecured funding?
(a)
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
What is Secured funding?
(a)
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Gives an example of unsecured funding.
(a)
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Give an example of secured funding.
(a)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Iskandar Company required additional funds of RM 450,000 to expand its business and target to settle it in 9 months. Suppose Squid Bank offers 8% for a discounted loan to Iskandar Company and needs 20% for the balance of compensation in the Squid Bank account. Calculate Amount Received (AR).
RM 451,000
RM452,000
RM453,000
RM450,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Iskandar Company required additional funds of RM 450,000 to expand its business and target to settle it in 9 months. Suppose Squid Bank offers 8% for a discounted loan to Iskandar Company and needs 20% for the balance of compensation in the Squid Bank account. Calculate Amount Borrow (AB).
RM607,108.11
RM608,108.11
RM609,000.11
RM610,000.11
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