BCO222 Business Finance II Final Assignment brief & rubrics
Task: Final Assignment (replaces Final Exam and counts for 40% of course grade)
You are asked to answer all the questions in the proposed four cases.
This task assesses the following learning outcomes:
• Demonstrate understanding of financial forecasting and planning.
• Critically analyze working capital management and managing firm liquidity.
• Analyze the sources of short-term credit and its estimated cost.
LAUNCH: WEEK 11 / DELIVERY: WEEK 13 LATEST MAY 10TH, 2020, 23:59HRS ON MOODLE
Submission file format: Word document with all the answers, clearly identifying each case separately.
Case 1: (25 points)
Here are some important figures from the budget of Maryland Inc., for the first quarter of 2020:
January
February
March
Credit sales
€380,000
€396,000
€438,000
Credit purchases
147,000
175,500
200,500
Cash disbursements
Wages, taxes, and expenses
39,750
48,210
50,300
Interest
11,400
11,400
11,400
Equipment purchases
83,000
91,000
0
Additional information:
• The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month.
• Credit purchases will be paid in the month following the purchase.
• In December 2019, credit sales were €210,000 and credit purchases were €156,000.
• Cash balance at 1 January 2020 is €280,000.
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