FACULTY OF COMMERCE,

MANAGEMENT & LAW

DISTANCE MODE ASSIGNMENT
LETTER

Old Curriculum
Academic Year 2024
Semester (1)
[Financial Management A- AMF3871]

A MUST, TO READ THE ENTIRE

DOCUMENT

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ACCOUNTING, ECONOMIC & MANAGEMENT

SCIENCES

ASSIGNMENT ADMINISTRATION
CORE CALENDAR FOR DISTANCE AND ONLINE COURSES – 2024
SEMESTER 1
MONTH DATES ACTIVITIES Schools

February Creation of Moodle courses for Distance and Online mode

5 February Orientation

12 February Semester 1 Lectures Commences

March 25-28 March 2023 Compulsory Virtual Vacation School All Schools

April FIRST ASSESSMENT: 1st SEMESTER MODULES

2 April Due date: 01st Assessment of 01 Semester Modules Only School of Accounting, School of Business
3-5 April Grace Period for assessment submission/ completion Management, Governance & Economics
School of Law

MAKE-UP/ COMPENSATORY ASSESSMENT 1: 1st SEMESTER MODULES

April
17 April Make-up assessment due date: 1st Assessment School of Accounting, School of Business
– Only applicable if you score 1-39% in Assignment 1. Management, Governance & Economics
Take note that a new assessment (test or assignment) is School of Law
to be submitted.

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SECOND ASSESSMENT: 1st SEMESTER MODULES

19 April Due date: 02nd Assessment of 01 Semester Modules Only School of Accounting, School of Business
20-22 April Grace Period for assessment submission/ completion Management, Governance & Economics
April School of Law

MAKE-UP/ COMPENSATORY ASSESSMENT 2: 1st SEMESTER MODULES

7 May Make-up assessment due date: 2nd Assessment School of Accounting, School of Business
– Only applicable if you score 1-39% in Assignment 2. Management, Governance & Economics
Take note that a new assessment (test or assignment) is School of Law
to be submitted.
Year Modules
30 April Due date: Year modules Assignment 1 School of Accounting, School of Business
1-3 May Management, Governance & Economics
Grace Period: Year module Assignment 1
May School of Law
17 May Make-up/ Compensatory assessment due date: 1st
Assessment Year Modules
– Only applicable if you score 1-39% in Assignment 1.
Take note that a new assessment (test or assignment) is
July to be submitted.
29 July Due date: Year modules Assignment 2 School of Accounting, School of Business
30 July – 1 August Grace Period: Year module Assignment 2 Management, Governance & Economics
August School of Law
19 August Make-up/ Compensatory assessment due date: 2nd
Assessment Year Modules
– Only applicable if you score 1-39% in Assignment 2.
Take note that a new assessment (test or assignment) is
to be submitted.
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2 September Due date: Year modules Assignment 3 School of Accounting, School of Business
Management, Governance & Economics
September 3-5 September Grace Period: Year module Assignment 3 School of Law
20 September Make-up/ Compensatory assessment due date: 3rd
Assessment Year Modules
– Only applicable if you score 1-39% in Assignment 3.
Take note that a new assessment (test or assignment) is
to be submitted.
15 May 2024 Lectures end for First Semester

21 May 2024 Release of CA Marks All Schools

22 May 2024 Semester 1 First opportunity Examinations
11 June 2024 Semester 1 Second opportunity Examinations

For modules that will have online tests, all information shall be communicated well in advance. Kindly take note that some modules might
have 3 to 4 assessments. E.g.
2 assignments and 1 to 2 online tests. All necessary information will be shared timely.
Good luck!

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2024 Distance Mode Assignments

[Financial Management A (AMF3871 ]
Dear Student,

Welcome to the University of Namibia. We are confident that your studies and hard work will be rewarded with success.
We kindly advise that you obtain all the relevant information and booklets available for distance students from your
Moodle platform (including the 2023 Student Information Letter, Online Assignment Submission Guide and other
documents). These documents will provide guidance on how to approach your studies and will guide you through your
study materials as well as providing useful administrative information in submitting assignments.

1. Study materials
Your study guide is essentially your “teacher/lecturer”. However, in addition, you are required to visit the library to consult
prescribed books and recommended readings that are indicated in the study guide as well as browse the Internet in
general. You are also responsible to purchase any prescribed textbooks required for your respective courses/modules.
Furthermore, you are strongly advised to follow the guidelines in the Online Assignment Submission Guide available
on Moodle.

2. Collaborative Learning
Unam avails all your modules through Moodle, enabling you to interact with your fellow students online through forum
discussions and chats. You can use the same platform to engage with your lecturers and tutors regarding academic
support. Please take advantage of Moodle to avoid isolation and strengthen your interaction with colleagues, ask for
help, and share/receive resources to aid your learning process. See below how to access forum discussions on Moodle:

Figure 1: Forums in courses

3. Submission of assignments
It is very important to complete and submit a clean, clear and well-argued assignment for marking. Make sure that you
have understood the questions in order to answer them correctly. It is your responsibility to make sure that every page
of the completed assignment is correctly numbered before submitting your assignment.
As from 2017, ALL assignments are submitted through the Moodle Learning Management System. This is an
online platform where you will access all your modules and related information such as course outlines, course notes
and other learning materials that your lecturer/tutor may choose to share with you. Moodle is accessible here:
http://elearning.unam.edu.na. You should complete and submit all assignments on or before the given due date in the
assignment letter if you wish to obtain your CA marks and qualify for examinations. UNAM always updates its assignment
covers on an annual and semester basis. Please ensure that you have used the latest assignment cover. The latest
assignment cover is availed on each course on Moodle.
A user guide is available on how to submit your assignment in each module on the Distance Education Common Space
and you can access it on the Online Support system. Pay close attention to the following key points listed at the beginning
of the guide on:
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3.1 How you would know when you have successfully submitted your assignment: that is when
the submission status shows “Submitted for grading”

Figure 2: Assignment submission status

MAKE SURE THE SYSTEM GIVES YOU A CONFIRMATION OF SUBMISSION by the submission status
shown as "Submitted for grading" when done. If that status is NOT displayed when done, IT DOES NOT
COUNT AS A SUBMISSION.

3.2 Errors to avoid when submitting your assignment (committing these errors may result in you failing
to submit your assignments and therefore potentially failing your course)

a. You are submitting on the correct Module/Course

b. You have selected and uploaded the correct Assignment document from your computer
c. You are submitting the correct Assignment number for the respective activity (i.e. Assignment 1,
2, etc.)

3.3 How to check the assessment feedback when your assignment has been graded.

4. Due Dates
All assignment due dates for 2022 are published on second page of this assignment letter. With the shift from manual
to online assignment submission since 2017, due dates are automated and non-negotiable. This means that you
would be required to submit your assignments ON or BEFORE the due date set on your assignment (before 11h55 PM).
After the date has passed (i.e. 12h00AM of the next day) the assignment submission will be disabled, and you
would no longer be able to submit your assignment. Please note that assignment submissions will be open long
before the due dates.
Please note that your assignment due dates are on page 2 of this Tutorial Letter. Use this assignment due dates to set
up your calendar tool on your mobile phone or computer to set reminders for yourself and manage your time. Another
way to keep pace with due dates, is by regularly visiting your Timeline of each of your courses on Moodle on the Course
Overview. Also download the Moodle mobile app to access Moodle on your mobile phone or tablet and have access to
notifications about due dates at your fingertips from Google Play Store for Android or Apple App Store for IOS.
5. Submission of Assignments
Due to challenges with Internet connectivity and speed, large files may take too long to upload, which is a big risk if you
wait until the last minute to submit your assignments. You are therefore strongly advised NOT to wait until the final hours
of the due dates to submit your assignments to avoid disappointments. You are also advised to ensure that you are in
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an area with good Internet connectivity when submitting your assignments. Timely submission of all assignments on or
before the given due date is crucial for the timely grading and processing of your CA marks and determining admission
to exams.
Take note that assignments should never be submitted directly by email or hard copy to individual tutors or any
other staff members of the University of Namibia.

6. Medical and death are the only reasons accepted for the late submission of assignments. Late
submission of assignments will only be approved 7 days (including public holidays and weekends) after the due date
of an assignment. Valid documentary proof must be attached as part of the assignment before any late submission will
be considered. Late submission without valid documentary proof attached to the assignment will be returned unmarked
and may not be resubmitted for marking. Travelling and attendance of workshops, job related activities and
conferences may not be used as an excuse for the late submission of assignments. All late submission request must
be forwarded to the Student support coordinator for approval.

7. Academic Support
One every Moodle course there is an embedded Academic Support section with materials to assist you with your writing
process (see Figure 3 below). Go through the videos in order to enhance your writing process and submit better quality
assignments.

Figure 3: Academic Support tutorials

8. Grace Period
A grace period refers to three (3) additional days added after your assignment due date. The purpose
of this grace period is to provide each student with time to verify and or to make amendments to
assignments already submitted. These changes may include correcting errors like submitting a file
to a wrong module or on a wrong assignment; submitting a wrong file; losing internet connectivity,
etc. An example would be that a student attempting to submit an assignment and they lose internet
connection would still be able to try again the day after at a different place or when the connection
has been restored.

9. Plagiarism Control
It has been observed that some students copy information from the Internet and paste into their
assignments without acknowledging the sources of the information. This is called plagiarism. A copy
of the Policy on Academic Integrity has been provided to you on every course on Moodle. Please
note that plagiarism which includes copying and pasting information from the Internet would not be
tolerated, shall result in your assignments declared null and void and graded as a “0”. All
assignments submitted through Moodle would be checked for plagiarism using plagiarism detection
software. You are therefore strongly urged to acknowledge EVERY source that you use for your
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assignment by using the appropriate citations and references following the referencing style
prescribed by your lecturers (APA Referencing guides are available freely online). Find one here:
http://www.uofa.edu/docs/apa-documentation.pdf

Any assignment found with high similarity scores or with evidence of clear attempts to cheat such
as submitting an assignment that is not your own would result in a zero (0) grade.

10. Vacation schools

Attending vacation school is COMPULSORY and the vacation school timetable will be made available through
the UNAM Moodle

11. My UNAM Portal and Moodle

We recommend that you regularly (at least twice a week) access your “My UNAM Portal”
(http://my.unam.edu.na) for your registration status and information, and Moodle
(https://elearning.unam.edu.na ) for your learning and assessment information.

Also visit the Distance Education Common Space on Moodle where you can find all necessary
information and user manuals related to your distance mode studies and also engage with other
students studying on distance mode. See additional information under Section 11 below.

12. Online Support (Ticketing) System

An online support system is provided where you can report some of the issues that you may experience regarding your
studies. This system is easily accessible from the Moodle LMS system.

Figure 4: Online ticketing system

You can also make use of the Online Support (Ticketing System) for queries to be responded to by the responsible
person within 48 hours. We recommend you use this system for Help Topics or issues listed on the system rather than
email or telephone calls.
13. Online information, Tutorials and Distance Education Common Space
Information and Tutorials are provided in each course on the Moodle Learning Management System
which you should first familiarise yourself once you first access your courses.

Figure 5: Info-Tutorials on Moodle

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Indicated in Figure 4 above, the Distance Student Orientation provides video tutorials on various activities you would
perform such as submitting your assignments, converting your documents into pdf format, changing your email address,
how to check your results when assignments have been graded and so on.
Updates and information with regard to your studies and related events would be shared in the Distance Education
Common Space which you can access from any course as shown in screenshot below. All students studying on distance
mode are linked this the space where you can collaborate or discuss general issues.

Figure 6: Distance Education Common Space

You will also find the Student Information Letter, your Vacation School Timetable and User Guides in the Distance
Education Common Space.
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14. Staff Contact Information

If you study conscientiously, your efforts will be rewarded. Should you need any assistance or clarification on the module
contents, you can reach the relevant staff members at the contact details as given below:

Tutor:
For Module/Subject content related matters, TBA
Assignments marks and CA marks queries
Student Support Coordinator:
Assignment due dates, Availability of assignments, Ms. Anna-Marie Murere 0612063729 [email protected]
Unmarked assignments, Vacation schools
Faculty officers: Ms Nelago 0612063987 [email protected]
Admissions Ms T Nuuyoma 0612063609 [email protected]
Registration Ms G Van Wyk 0612063084 [email protected]
Appeals Ms. A Nelumbu (SP) 063 220 2039 [email protected]
Addition of Modules Ms. S Shapumba (HP) 064 502 6508 [email protected]
Cancellations of Modules Mr. I Mundumbu (RP) 066 268 6078 [email protected]
Graduation Ms. R Chata (KP) 066 262 6071 [email protected]
Ms A Felix (PO) 065- 2323042 [email protected]

Examination Officers: Desley Goses (WHK) 061-2064881 [email protected]

For Exam marks and exam timetable, exam Stephanie Nehoja (WHK) 061-2063715 [email protected]
related matters
All exam officers at respective
campuses assist students of those
campuses

eLearning Administrator: Mr Owen Lisulo 0612063381 [email protected]

Moodle related queries (technical problems), Mr Shaka Maikhudumu 0612063000 [email protected]

linking of Modules, etc.
https://elearning.unam.edu.na/sup
Please create an online ticket for any assistance port/open.php

Computer Centre/ IT Helpdesk 061 2063014

Log In/Passwords To reset passwords & for [email protected]
Team 061 2063041
Logging onto Moodle and Portal

NOTE: For additional information consult the Prospectus and UNAM General Information and Regulations Prospectus.
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Serious offence not tolerated at all

Note well: Plagiarism
Plagiarism is “the wrongful appropriation or purloining, and publication as one’s own, of the ideas, or the expression of the ideas of
another” (OED). All published and unpublished material, whether in manuscript, printed or electronic form, is covered under this
description.
The Proctors’ Disciplinary Regulations concerning conduct in examinations (see Part 19.4. and 19.5, p. 52) state that ‘No candidate
shall present for an examination as his or her own work any part of the substance of another person’s work. In any written work
(whether thesis, dissertation, essay, coursework, or written examination, or assignment) passages quoted or closely paraphrased
from another person’s work must be identified as quotations or paraphrases, and the source of the quoted or paraphrased material
must be clearly acknowledged.’ In all written work students must be vigilant in citing the work they have referred to or quoted from
(please see further Appendix D). Examples of plagiarism and detailed advice as to how to avoid it are given on
http://www.admin.ox.ac.uk/edc/goodpractice/: you are strongly advised to consult this website.
It has been observed that some students merely download information from the Internet, copy verbatim from other printed sources
(including the Study Guide, employ other people to do their assignments for them, or plagiarise each other’s assignments (either
directly, that is, word-to-word, or through a re-arrangement of words or paragraphs in order to deceive the tutor or marker).
These practices constitute very serious academic offences of academic dishonesty, alternatively, intellectual fraud, which attract
very serious and heavy penalties. Students must desist from such practices. Such students may score very high marks but invariably
perform very poorly in examinations. It is in the interest of such students to endeavour to exercise their own intellectual faculties,
do their own research, and personally do the set assignments.

No hardcopies are allowed, all assignment are to be uploaded through Moodle.

✓ Assignments should be submitted in PDF – only. Kindly save your assignments in PDF format
✓ Make sure that you submit one assignment as one file/document. Do not create and upload several folders;
do not zip the documents. Have 1 one document/file for 1 (ONE) entire assignment.
✓ Assignments for modules with formulas can be handwritten, scanned in one document and uploaded on
Moodle accordingly.
✓ Make sure you submit a document that is readable and virus free.
✓ Make sure you upload the right file with the relevant assignment content.
✓ After submitting your assignment on Moodle do verify on the file you uploaded. Always try to submit your
assignment few days before the due date, this allows you to double-check all the nitty-gritties.
NO LATE SUBMISSIONS WILL BE TOLERATED. NO LATE submission due to not adhering to the above advises
or guidance WILL BE ACCEPTED nor ENTERTAINED.
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Financial Management A (AMF3871)

Assignment 1 20204

Question 1 (12 marks)

You plan to retire in exactly 20 years. Your goal is to create a fund that will allow you to receive
N$400 000 at the end of each year for the 30 years between retirement and death (you have
estimated your death according to life mortality tables used by insurance companies). You know
that you will be able to earn 11% per year during the 30-year retirement period.
(a) How large a fund will you need when you retire in 20 years in order to provide the 30-year
N$400 000 per year retirement annuity? (6 marks)
(b) How much would you need to provide today as a single amount to the fund as calculated in (a)
if you earn only 9% per year during the 20 years before retirement? (6 marks)

Question 2 (25 marks)

Herald Ltd introduced a new product, NEW ERA, to its range last year. The machine used to
mould each item is a bottleneck in the production process meaning that a maximum of 5,100 units
per annum can be manufactured.

The NEW ERA product has been a huge success in the marketplace and as a result, all items
manufactured are sold. The marketing department has prepared the following demand forecast for
future years as a result of feedback from customers.

Year 2022 2023 2024 2025

Demand (units 7 100 9 100 11 100 4 100

The directors are now considering investing in a second machine that will allow the company to
satisfy the excess demand. The following information relating to this investment proposal has now
been prepared:
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If production remained at 5,100 units, the current selling price would be expected to continue
throughout the remainder of the life of the product. However, if production is increased, it is
expected that the selling price will fall to $45 per unit for all units sold. Again, this will last for the
remainder of the life of the product.

No terminal value or machinery scrap value is expected at the end of four years, when production
of NEW ERA is planned to end. For investment appraisal purposes, Herald uses a nominal
discount rate of 10% per year and a target return on capital employed of 20% per year. Ignore
taxation.

Required:

(a)Calculate the following values for the investment proposal:

(i)net present value;

(ii) internal rate of return;
(iii)return on capital employed (accounting rate of return) based on initial investment; and.
(iv)discounted payback period

(14 marks)

(b)Discuss your findings in each section of (b) above and advise whether the investment proposal
is financially acceptable.

(5 marks)

(c)Explain briefly the key steps that should be included in a company's capital budgeting process.

(6 marks)
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Question 3 (18 marks)

1. The following information from Incomplete Ltd’s 2022 standardised statement of

financial position and statement of comprehensive income are provided to you:

Statement of financial
position
2022

N$
TOTAL ASSETS
Property, plant and equipment (PPE) at cost price 320 000

Accumulated depreciation (239 000)

PPE at carrying value 81 000

Goodwill 60 000

Investment in shares 8 000

Non-current assets 149 000

Inventories 43 000

Trade receivables 32 000

Cash and cash equivalents 24 000

Current assets 99 000

Total assets 248 000

EQUITY AND LIABILITIES

Share capital 100 000

Reserves 10 000

Retained earnings 11 200

Ordinary shareholders’ equity 121 200

 15

Preference shares 30 000

Shareholders’ equity 151 200

Non-controlling interest 22 000

Total equity 173 200

Long-term debentures 30 000

Long-term loan 4 000

Non-current liabilities 34 000

Trade payables 20 000

Other payables 16 800

Tax payable 4 000

Current liabilities 40 800

Total equity and liabilities 248 000

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Statement of comprehensive income 2022

N$

Turnover 274 000

Cost of sales and services rendered (207 500)

Gross profit 66 500

Operating expenses (26 500)

Operating income 1 500

Operating profit 41 500

Investment income 4 000

Finance cost (6 000)

Profit before tax 39 500

Tax (16 700)

Profit after tax 22 800

Extract from Statement of Changes in Equity

Retained
profit

Opening balance XXX

Profit for the year 22 800

Non-controlling interest (1 000)

Preference share dividends (2 400)

Attributable earnings 19 400

Ordinary dividends (3 600)

Retained earnings (for the year) 15 800

Closing balance XXX

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Additional information:
• Purchases on credit for the year amount to N$80 000.
• Lease payments of N$10 000 were made during the year.
• The company has 10 000 ordinary shares in issue.
• The market price per share amounts to N$10.

REQUIREMENTS:
(a) Evaluate the company’s financial performance and position by means of
a detailed ratio analysis. Show all calculations. (35 marks)

The end
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Financial Management A (AMF3871)

Assignment 2 20204

Question 1 (25 marks)

A client is interested in two investments – an offshore bond and shares in a local company.
The client’s opportunity cost is 12% [this means that the client can make 12% on other
investments]. Assume the EURO: Rand exchange rate is EUR 1:R15 throughout the period of the
bond. The dividend for the share is the expected dividend at the end of year one (D1) and not the
current dividend (D0).

Conditions BZA Bond XTY Ltd – Shares

Total nominal value EUR 8 500 000

Total market value of shares R100 000 000

(100 000 shares x R1 000
price per share)

Market value of the bond R100 000 000

Coupon (fixed) 7%

Interest payments Interest is paid out on the

bond each year

Dividends per share per R100

annum (100 000 shares) (D1)

Expected dividend growth 5%

rate

Issue date/Purchase date 1 January 2020 1 January 2020

Maturity date 1 January 2025

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You are required to use the investment information provided above to answer the following
questions:
(a) Determine if the present value of each investment’s future cash flows is greater than or
smaller than its current market value. (10 marks)
(b) Calculate the return (or yield to maturity) for each investment. (10 marks)
(c) Comment on whether each option (the bond and the shares) is a good investment in view
of your answer to (a) and (b) above. (5 marks)

Question 2 (20 marks)

You have analysed the performance of a company in the manufacturing industry for the last five
years. The company is called Bags For All. Based on this research, you have predicted the
following returns for investors:

Share Probability Return

Bags For All 20% 8%
15% 20%
35% 12%
30% 10%

REQUIREMENTS
(a) Calculate the expected return for this share. (4 marks)
(b) Calculate the variance of the expected return. (5 marks)
(c) Calculate the standard deviation of the expected return. (5 marks)
(d) Explain how the investor will use the standard deviation calculated in (c) in her investment
decision. (6 marks)
 20

Question 3 (16 marks)

a) You purchased an expensive sports car for N$99 980 exactly 6 months ago. It was
financed through the bank at a quoted or nominal interest rate of 12% per annum, over 60
months, with payments being monthly in arrears.

What is the balance you owe to the bank today (having just paid your sixth installment of
N$2 224)? (4 marks)

b) Nancy has an equity investment in Ace Manufacturing Ltd. The company recently paid a
dividend. The company’s latest earnings per share was 225 cents and the dividend yield
quoted in the press yesterday was 4%. In terms of the company’s dividend policy, dividend
cover (i.e. EPS/DPS) is maintained at 3 times.

Calculate Ace manufacturing’s price/earnings ratio as per the newspaper. (4 marks)

c) An investment in a government bond with a face value of N$1 000 earns interest on the
face value at 10% per annum. Interest is payable every six months. The bond will be
redeemed in exactly 9 years time. The yield to maturity is 8% per annum.

What is the current market value of the bond? 4 marks

d) Elzo Ltd just declared an ordinary dividend of N$2.00 per share. Dividend growth is
expected to be 8% per annum in the future. The required rate of return on Elzo’s shares
is 15%.
What is the current value of an Elzo share? (4 marks)

The end