cLor c clo1 2 sour DDPRSOES: BUSINESS FINANCE. INSTRUCTION: ‘This section consists of FOUR (4) sictured questions. Answer ALL questions, ARAHAN : Bahagion ini mengardungl EMPAT (4) soalonstrktur Jawad SEMUA soatan QUESTION 1 |SOALAN 1 () State FIVE (S tase principles of financial management Npetakan LIMA (5) prinsp asas pengurisan kewangan. [Smarks) [5 mark (8) Assume that you are considering investing in different economic situations for the future. The information of the situation iss follows. Andaitan anda sedang mempertimbangkan pelaburan dalam keadaan ekonomi yang Derbeza untuk masa depan. Makumat mengenai siuasi adalah seperti bert cosomy conditions | Probability Retuma (EMD) ‘Keadaan Blonom’ | Kebaranghaltan Pulangan (RVD Project A] Project B Projek A | Projek B Strong growth Pertumbuhn uk 06 3,000 2,500 Waders Seierhina 03 2300 100 Revestion Kemelesetan on 1,950 1520 [Based on the information above, calelate the following matters fr cach projest: Berdasarkan makiumat datas, Kira perkara-perkara berlkut bog! setap projek: 2 surcLo1 sunt 1), The expected rate of ret for each project. Kad pulangan yang djangka bag! setap projek ). The standard devi [4 mars] [4 mark) ion ofeach project ‘Sistharpiawa bagl setiapprojek 4 marks] [¢ mark ii). The cueicent of variation foreach project. Koefisien varias Bagh stl projek [2 mats] [2 marke ‘Cemerlang Manufacturing Sdn. Bhd provided the following information fo the year ended 31 December 2016 Cemerlang Manufacturing Sin Bh menyediakan malumatberikut wnt tahun Derakhir 3: Disember 2016 Sales TRA 250,000 @ 25,000 wns Jualan Variable cost 35% oF wales Kos bertbah 35% dar jualan Fixed cost, RMS0,000 Kos tt Interest expense “ep annum on RM, 000,000, Belanja jedah 4% setahun atas RMI, 000,000 Tax rte 30% Kadar eal aid up capital SOTO uni SRaRes (HEMT pa unit Modal berbayar $3000 unit ser @ RMI per unitYou are requird to calculate at eurent sles level Anda dikoherdaki untuk mengira dl tabapjuatan semasc: i. Degree of operating leverage. Darja keunpilanoperasi 4 marks) {4 mrkoh 4 Degree of nancial everpe aaj eunpitan kewangan [Smarts] {4 mark ii, Degree of combined leverage Daria keumpiangabungan. Pars] (2 mariah) QUESTION? SOALAN2 cut C2. |) Meni THREE ()advanages associated with the se of shorserm fine Kena past TIGA (3) Feboitonberkatan dengan pengganaan pemblayaan Jag peek Baws} (3 marhoh) entfy TWO (2) disadvantages associated with the use of short-term financing. Kemal past? DUA (2) helemalan bertuitan dengan engganaan pembiayaan jangha pendek, 2 marks} [2 marta)clot sun DPBSOA3: BUSINESS FINANCE, (©) AHP Sdn Bhd is considering two mutually exclusive investments which involved intial outlay of RM150,000, Below are the cashflows expected from each type of invesements The required rte of return is 13%, AIP Sdn Bhd sedang. mempertinbanghan dua projek yang memerlukan koe RMI50,00 sebogot modal awal. Di bavah adalah aliran tunai untuk keduada ‘pelaburan, Kadar pulangan dipertukan adalah 1396, Yer investment XX (RN Tavestment ZZ(RND) Token Pelaburan XX (RM) Pelaburan 22 (RM) T 38,000 1,000 z B00 000 a 000 1,000 7 000 00 ¥ “00 000 For each ype of investment, aut: ‘tog sep jens pelaburan, Kaka Payback Period Tempok Bayaran Bl marks) (4 markal) ii, Net Present Vale, ili Kini Beri U1 masks} (11 markaiior /(© Based onthe answer (6), detemine the best investment forthe company and give ct TWO Q) reasons. Berdasarkan jovapan (), tentukan pelaburan terbaik yang boleh dlaburkan oleh _syarikat dan brikon DUA (2) seba [5 marks] [5 markah] QUESTION 3 SOALAN3 CLO2 |(@) i. Stae THREE () users of financial ratio GI Nyntatan TIGA (8) pengguna nisbah kewangan, B masks} [3 marke] ii, List TWO @) main components of financial statements Senaraikan DUA (2) Komponen wtama penvata kewangan [2 marks) [2 martacLo2 sour ) Determine whether the following DPHSO4: BUSINESS FINANCE, or the company and industry are FAVOURABLE (F) or UNFAVOURABLE (UF), Tentuken sama ada nisbah syarikot dan insti berikut adalah MEMUASKAN ‘au TIDAK MEMUASKAN, ‘Company's ratio | Industry average Nisbah syariat | Purata industry ‘Quick rio 05x Tae Nisbah pat Total assets tumover 1S 13x Pusan jumlah aset, Debt equity ratio 30% Bem Nisba hata eb Gross pofit margin We 3% Margin antung kasar ‘Average colletion 20 days 30 days petiod Tempoh puratatutipan [Smarks) [S mark suurr102 | «) The followings the financial statement for Beskat Aina Sdn Bhd, Berikut adalah penvatakewangan Berkar Aina Sh Bh BERKAT AINA SDN BHD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2016 Perzata Pendapatan hog tau berathir 31 Disember 2016 is 2,600,000 JJuolan (0) Cos of pod wold (00,000 Kos barang cial | _ Gross profit 1,700,000 Untung hasar (©) Operation cost ‘400,000 Kos operas, Earnings before interest and tax 7,300,000 Pendapatan sebelum cukai dan faedah (© Interest expenses Goon Belanja jaca Earning betore tax 1,270,000 Pendapatan sebelum eukai (Tex ‘GHI,000) Cuba Net prot 9,000 Untung berih * sursuum ‘PUSS: BUSINESS FINANCE, BERKAT AINA SDN BD BALANCE SHEET AS AT31 DECEMBER 2016 Kune! Kiratira pada 31 Disember 2016 ASSETS Cana 170,000 “Account Receivable aun Blin friar 300,000 TiventoryDnventort 00,000 ‘Non-Car asses/AseBukam semasa 2.500.000 TOTAL ASSETS! JUMEAH ASET 3,670,000 TIABILTTIES AND EQUITIES LIABILIT! DAN BKUIT “Recount payable/Akaun Belum Bayar 300,00 Totes payabletNova Belo Bayar 7001000 ‘Long term abilities! Liab jamgka 700,000 panjang 900,000 ‘Ondnary share Saha blasa 250,000 2,000,000 Retained earning Pendapatan iertahan 70,000 "TOTAL LIABILITIES AND EQUITY 3,670,000 \JUMLAH LIABILITI DAN EKUITI Assuming 360 days pr yar. Andaian satu 300 barsour BPSD: BUSINESS FINANCE, Based onthe above information, ealculete Berdasartan makdumat datas, Urakan: i. eurenc ratio hisbah semava [3 marks} [3 markt li. average collection period ‘empoh purata ktjpan B marks] [8 markali il, debe ratio hist uta 5 marks} [3 markalt ix. net profit margin margins untug bers [3 marks} [3 mark) vy. returnon equity lagan eka [5 marks} [3 markohy QUESTION 4 SOALANS (@) entity the concept of working ea Kenal past konsep model kerja [S marks} [5 marke » surLoz c1o2 sour _DPHSO4: BUSINESS FINANCE. © SyarikatAlya sold 9800 units of product per annum snd maintained $00 units as safety tock, The company’s carrying cost is RMO0.10 per uni/year and the order cost per crder is RM3O. You are required to caleulate the Economic Onder Quantity. ‘Syria Aya menjuat 9800 unit produ setahun dan mengekatkan siok {osclamatan sebanyok 500 unit. Kos penyimpanan bagi syarikat adalah sebanyak ‘RMO.10 semitahun dan kas setap pesanan adalah RUG30, Anda dikehendaki ‘mengira Kuan Pesanan Ekonomi [S marks] {5 marke (6) Alig Afigaa Sd, Bhd plans to change credit policy as mentioned below, Afiq Afigak Sdn Bhd merancang untuk meruar pols edit seperti maklumat eri: Curent policy (3/10 net 40) New policy GMS net 50) Polis seas (3/10 net 40) Polisi aru (S15 net 30) Credit sales RM50,000 Credit sles RM80,000 Juan iret RM 50.000 | Juatan edt RM80,000, 40% of ewstomers take the cash 40% of eustomers take the cash discount dlscount 40%% pelanggan mengambildiskaun 40% pelanggan mengambildiskaun | tuna inal [25% ofthe customers pay on day 40” | 30% ofthe customers pay on day 50] 25% pelanggan membayar pada hari | 30% pelangyan membayar pada hari ke lead so 35% ofthe customers pay on day 50 | 3094 of he customers pay on day 60 35% pelarggan membayar pada hari | 30% pelanggan membayar pada hari ke fe 50 oo. Tad debt RMI7.S00 ‘Bad debt R22, 000 ‘Hutang lauk RM. 17,500 Hutang lapuk RM 22,000 Tventory RM25.000 Taventory RM28,000 nventors KM25,000, Inventor] RM 28,000 ‘The variable cost is 75% of sales ‘Kos borubah adalah 7326 dari jalan Pre-tax required rate of return is 20%! Kadar pulangan yang ditzhendati praccukat adalah 2026sour _DP6SOA3: BUSINESS FINANCE. ‘Based on the above information, should the new credit policy be implemented? Show your ealulations assuming there are 360 days ina year. Berdasarkan maktunat datas, adakah polit kre baru Bote ditaksanakan’? ‘Tunjukpeneiroan anda, endaionterdapat 360 hari dam seralun US marks] 115 marke SOALAN TAMAT n sourFORMULA BUSINESS FINANCE KBB) [Piki} + (Paks) ++ [PA] (espa earn BAC~{(1V AR) x17) } 100% o=VERGu-B cove = (1+ OCF ARNE HT 1 100% ev=o/k P= 10/ ACF ‘CR-CACL NPV = DFCF ¢PVIF,in) — 10 (R= CAIs emit NPV = ACE @®VIFA Aa) 10 ci Cash + Cas Eguivalent ce IRR: PCF (PVIF|in)=10 110=coas Inventory IRR: ACF (PVIFAAia) = ACP = AX Ree x 265 days Acs r= ace@evirsis) Pl VI 10 bot save EIT beL= _esir Eor-1-CPD) te el =DOL x DIL BPS=NIACSH «100% Noof Cs BACL A» 26) sas Jaye bog =Vas2009 Te =[102) 185146 + (60)x0} ROP= $8 +[ DT x(SDaysina year) AI [B0Q21 +88 ANO=S/EOQ=| s]s1x]9) [|x] 4] 01 1)74 = and speuRg voy sated pauno2sia Hog 240 30} ION SIAN SHEA MEAL CV NEL