Questions for control
Date: 2015-10-07; view: 508.
Unit 17
1. What are the tasks of financial planning?
2. What are the goals of financial planning?
3. What answers should the tool ‘Financial planning' give to the manager?
4. What is the purpose of long-range planning?
5. What are the major decision areas involved in developing a plan?
6. What is the percentage of sales approach?
Tasks:
Task 1. Based on these data ( in mln.) you must make payment calendar (operational fin. plan) of the company for a decade: the costs for urgent needs -2,0; sales revenue is USD 128.0; payment % for credit to 12.0; payment of vendor accounts - 32,0; overdue receivables - 9,0; payment of taxes - 22,0; payment of wages - 85,0; receipt of short-term loan -75,0; sale of fixed assets - 25,0; cash balances -18,0; other expenses - 20,0; overdue payables-23,0; repayment of short-term loan -75,0 ; other receipt -16,0.
Task 2. Based on these data make up the balance of the cash flow in the table below (in thousand UAH): cash balance at the beginning of the planning period in January, February and March, respectively,: 18, 10, 10;
receipt of funds in the plan period: 250, 100, 80;
provided for the use of funds in the plan period: 240, 120, 110;
| January | February | March | |
| Cash at the beginning of the month | |||
| receipt of funds | |||
| payments | |||
| Shortage or Surplus of funds |
Task 3. The company undertook the forecasts of the sales volume of its products for the 6 months of the year.
Sales are calculated:
- on 20% in the month of sale;
- by 70% in the next after the sale of the month;
- 10% after two months after the sale.
At the beginning of the year in the vault there were 200 thousand UAH.. Minimum cash balance, which shall monthly stay in the hand must be 110 thousand hrn.
Forecasting procurement and monthly expenses, which must implement the enterprise, are given in the table.
Make a forecast of financial budget of the enterprise and to make conclusions.
Table 1 – budget of funds,thnd.,hrn.
| 1. Selling,thnd,hrn. | January | February | March | April | May | June | July | |
| Receipt of funds: | ||||||||
| a)____20___% from selling in present month | ||||||||
| b)___70___% from selling next month | ||||||||
| c)___10____% from selling in one month | ||||||||
| 2.Total revenue | ||||||||
| Payments (without depreciation) | ||||||||
| a) materials and labor force | ||||||||
| b) management wages | ||||||||
| c) rent | ||||||||
| d) other charges | ||||||||
| e) investments | ||||||||
| 3. Total payments | ||||||||
| 4. Deviation per month (2–3) | ||||||||
| 5. Cash at the beginning of the month | ||||||||
| 6. Cash at the end of the month | ||||||||
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| Task 16. Use “something”, “anything”, “nothing”, “somebody”, “anybody”, “nobody”. | | | Questions for control |