财务管理与决策assignment2电子版.docx
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财务管理与决策assignment2电子版
BTECCentre
GuangdongAIBPolytechnicCollege
Unit
Unit2:
ManagingFinancialResourcesandDecisions
Class
2012HNDFinance,2013HNDBusiness,Finance
AssignmentTwo
MakingFinancialDecisionandEvaluateFinancialPerformance
Dateissued
June11,2014
Datedeadline
June25,2014
Tutor
KONGTAO&HongYuping
IV
HUANGGuan
Declaration:
Iamawarethatcheatingandplagiarismwillnotbetoleratedinanyassignmentandthatthisworkcomplieswiththerequirements.
Student’sSignature：
（InPinyin）
（InChinese）
Class:
StudentNo.:
LearningOutcomes
3.Makefinancialdecisionsbasedonfinancialinformation
3.1analyzebudgetsandmakeappropriatedecisions
3.2calculateunitcostsandmakepricingdecisionsusingrelevantinformation
3.3assesstheviabilityofaprojectusinginvestmentappraisaltechniques
4.Analyzeandevaluatethefinancialperformanceofabusiness
4.1 explainthepurposeofthemainfinancialstatement.
4.2describethedifferencesbetweentheformatesoffinancialstatementsfordifferenttypesofbusiness.
4.3analyzefinancialstatementsusingappropriateratiosandcomparisons,bothinternalandexternal.
Assessment
Criteria
Evidence
Pass
3.1analyzebudgetsandmakeappropriatedecisions
Identifyingthemainproblemsandfindingremediesforthefuture.
Makingrecommendationsonhowtoimprovethebudgetsettingandmonitoringprocesses.
3.2calculateunitcostsandmakepricingdecisionsusingrelevantinformation
Costandpricecomputation,tableanddecisionsrelationtofindings.
3.3assesstheviabilityofaprojectusinginvestmentappraisaltechniques
Investmentappraisaloftwoprojects–afinancialappraisalusingappropriatetechniques.Anevaluationofvarioustechniquesandrecommendations/conclusionsastowhichprojectshouldbeadopted.
4.1explainthepurposeofthemainfinancialstatement.
Understandthedifferentfinancialstatementsandgiveanacceptableaccountsofgoodwriting.
4.2describethedifferencesbetweentheformatesoffinancialstatementsfordifferenttypesofbusiness.
Understandthedifferentrequirementsofdifferentbusinessbodiesforfinancialstatementsandtheserequirementsareclearlyexpressed.
4.3analyzefinancialstatementsusingappropriateratiosandcomparisons,bothinternalandexternal.
Correctlycalculatealltheratiosandunderstandtherelationshipbetweenthetwoyearcompaniesperformances.
Merit
M1
Identifyandapplystrategiestofindappropriatesolutions.
Effectivejudgmentismadetoanalyzebudgetvariationsandbusinessperformancesintheassignment.
M2
Select/designandapplyappropriatemethods/techniques
Widerrangeofsourcesofinformationisusedtoexplainandsolvethepricingandinvestmentappraisaldecisions
M3
presentandcommunicateappropriatefindings
Appropriatelearningmethods/techniquesareappliedtosolvetheproblems.
Distinction
D1
Usecriticalreflectiontoevaluateownworkandjustifyvalidconclusions
Thevalidityofresultshasbeenjudgedinmakingcommentsontheperformancesofthebusinessconcernedintheassignment.
D2
Takeresponsibilityformanagingandorganizingactivities
ThewritingprovespersuasiveandlogicalwithhighEnglishproficiencyclearlylistingallthepointsofthefinancialtopicsandtheunforeseenhasbeenaccommodated
D3
Demonstrateconvergent/lateral/creativethinking
Carryoutthetasksbyowneffortswithnicesurprisesandindepthanalysisonthemajoraspectsoffinancesandcapacityforinnovationandcreativethoughthasbeenused
Grading：
DetailedGrading
3.1
3.2
3.3
4.1
4.2
4.3
M1
M2
M3
D1
D2
D3
Tutor’scomments:
Tutor’ssignature:
Date:
IV’scommentsonabovegradingdecision:
Finalgradingdecision
3.1
3.2
3.3
4.1
4.2
4.3
M1
M2
M3
D1
D2
D3
IV’sSignature:
Date:
Purpose：
Thisassignmentissettoteststudents’capacityandabilitytoassessdifferentsourcesoffinancetoabusinessandmakedecisionsforthebusinessbyusingnumeroustechniques.Also,problemsdesignedinthisassignmentareforthepurposesthatstudentsshouldbeputintothesituationofrealitytoshowtheirabilitytosolveproblemswithknowledge,ideasandconfidence.
这个分配设置，以测试学生的能力，并评估不同资金来源的业务，并通过使用多种技术使对业务决策的能力。
另外，在设计这个任务的问题是，学生应放入现实的情况展示自己解决问题的知识，思想和信心的能力的目的。
Scenarioone:
OnyourfirstmorninginearlyJanuary2013,youaregiventwosalesbudgetcoveringthetwelvemonthperiodfromJuly2013toDecember2013combinedwiththefirstsixmonthsactualsalesfiguresandvariancesbetweenbudgetedandactualsalespreparedbytheregionalfinancialaccountofGuangzhouandFoshanbranch.ThedirectorsareconcernedthattheyareveryunlikelytomeettheirbudgetedsalestargetsforJulytoDecember2013.
关于你的第一个早晨在2013年一月初，您将得到两个销售预算，涵盖从2013年7月十二个月期间至2013年12月与前六个月合并编制广州区域金融账户的预算和实际销售之间的实际销售数字和方差和佛山分公司。
董事担心，他们是不太可能满足他们的月预算销售目标，以2013年12月。
Salesbudget–NanfangComponents（Guangzhou）Ltd.
–July2013-December2013
Month
MonthlyBudget
CumulativeBudget
Actualmonthly
Actualcumulative
variance
July
230,000
230,000
215,000
215,000
（15,000）
August
230,000
460,000
220,000
435,000
（25,000）
September
270,000
730,000
245,000
680,000
（50,000）
October
265,000
995,000
235,000
915,000
（80,000）
November
265,000
1,260,000
237,000
1,152,000
（108,000）
December
300,000
1,560,000
270,000
1,422,000
（138,000）
Salesbudget–NanfangComponents（Foshan）Ltd.
–July2013-December2013
Month
MonthlyBudget
CumulativeBudget
Actualmonthly
Actualcumulative
variance
July
130,000
130,000
150,000
150,000
20,000
August
130,000
260,000
140,000
290,000
30,000
September
136,500
396,500
120,000
410,000
13,500
October
136,500
533,000
110,000
520,000
（13,000）
November
143,325
676,325
120,000
640,000
（36,325）
December
143,325
819,650
170,000
810,000
（9,650）
Taskone:
Withthisinminetheyaskyouto:
（1）ScrutinizeatthesalesbudgetandidentifythatthemainproblemsthatNanfangComponentsLtdisfacedwith.
（2）Identifythelikelycausesoftheproblemsandhowtheymightberemediedandavoidinthefuture.
（3）MakerecommendationsforresolvingtheissueshighlightedinthesalesbudgetanddecidewhatapproachshouldbetakeninrelationtotheJulytoDecemberBudget.
（Youarerequiredtopresentyourfindingsandrecommendationinamemoformat.Thisprovidesevidenceforoutcome3.1analyzebudgetsandmakeappropriatedecisions.）
他们问你：
（1）仔细检查在销售预算，并确定了南方ComponentsLtd香港面临的主要问题。
（2）确定问题的可能原因以及如何加以补救，避免在未来。
（3）提出建议，解决在销售预算强调的问题，并决定用什么办法，应采取有关的七月至十二月的财政预算案。
（你必须出示你的发现和推荐在一份备忘录格式。
这提供了证据，结果3.1分析预算并作出适当的决定。
）
Scenariotwo
ThedirectorsofNanfangComponentsLtdareveryconcernedaboutthecompany’scurrentcostingandpricingpolicies.Theyarealsoanxioustofindoutwhichproductsaregoingtobeprofitableorotherwiseinthefuture.Withthisinmindthedirectorsaskyoutocarryoutafullcostingandpricingreviewacrossthecompany’sproductandanassessmentofbreak-evenfiguresforeachitemcurrentlymanufacturedbyNanfangCommentsLtd.
Oneofthemostpopularproductsisamulti-purposecomponent-theACEConverter.Youascertainthatthefollowingcostsareincurredintheproductionofeachunit:
Materialcosts:
￥525
Labourcosts:
￥357.5
Variableoverheads:
￥102
ThefixedcostsofrunningthefactorywheretheACEConverterisproducedamountto￥1,200,000perannual.Thecurrentsellingpriceoftheconverteris￥1,200.Theunitsalesfor2013areexpectedtobe7,500.
TwocustomershaverecentlyplacedlargeordersforACEConverteratsubstantiallydiscountedprice.Thebusinesswouldpushthesaleslevelswellabovetheanticipateddemandof7,500:
●SouthwoodElectricals-anorderfor500unitsatadiscountof15%onthecurrentsellingprice.
●WstbrookEngineering–anorderfor1000unitsatadiscountof25%onthecurrentsellingprice.
南方零部件有限公司的董事都非常关心目前公司的成本核算和定价政策。
他们也急于找出哪些产品将要在未来的盈利或其他方式。
考虑到这一点，董事要求你进行全面的成本核算和定价检讨整个公司的产品和收支平衡数字，目前生产的每个项目进行评估，南方意见有限公司
其中最流行的产品是一种多用途组件ACE的转换器。
你确定下列成本发生在生产的每个单元的：
材料费：
525日元
劳动力成本：
357.5日元
可变费用：
102日元
运行其中ACE转换器产生量为每年1200000日元工厂的固定成本。
该转换器的电流售价为1,200円。
单位销售2013年预计是7,500。
两个客户最近把大订单的ACE转换器大致折扣价。
该业务将推动销售水平远高于7,500的预期需求：
绍斯伍德电器-为500个单位的15％的折扣目前的销售价格的买卖盘。
Wstbrook工程-1000单位在25％目前的销售价格折让的订单。
Tasktwo:
Youarerequiredtocalculatethefollowing:
（1）Thecontributionperunitandthebreak-evenpointinunit.
（2）Theprofitof2013atthesaleslevelof7500.
（3）Theimpactontheprofitofeachneworderovertheanticipateddemandof7500.
AlltheaboveinformationregardingtheACEConvertershouldbepresentedintheformofabriefreportshowingtherelevantfinancialmaterialmaterialintabularbyrelevanttextandmakingrecommendationsastowhethertheyshouldacceptorrejecteitheroftheorders.
（Thisprovidesevidenceforoutcome3.2Calculateunitcostsandmakepricingdecisionsusingrelevantinformation.）
你需要计算以下：
（1）每单位的贡献，并在单位的盈亏平衡点。
（2）2013年在7500的销售水平的利润。
（3）对每个新订单超过7500的预期需求利润的影响。
所有关于ACE的转换上述信息应以显示相关财务材料材料以表格由相关文字并建议他们是否应该接受或拒绝任何订单的简要报告的形式。
（这提供了证据，结果3.2计算单位成本和使用有关的信息做出定价决策。
）
Scenariothree:
DongfangEngineeringCompanyareconsideringtwoalternativebusinessprojecteachofwhichinvolveaninitialinvestmentof￥450,000
Project“A”involvestheintroductionofmodern,hi-techmachineintothecompany’smainproductionunit.Thiswillresultinsignificantincreaseinoutputandsubstantialsavingsinproductionandmaintenancecosts.Thisinturnwillresultinanetincreaseinturnovertothecompanyof:
Year1–RMB180,000
Year
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