(1) Grunewald Industries sells on terms of 2/10, net 40. Gross sales last year were$4,562,500 and accounts receivable averaged $437,500. Half of Grunewald’s customerspaid on the 10th day and took discounts. What are the nominal and effectivecosts of trade credit to Grunewald’s nondiscount customers? (Hint: Calculate sales/day based on a 365-day year, then calculate average receivables of discount customers,and then find the DSO for the nondiscount customers.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

1. Hard copy of assignment should be stapled in the top left corner and submitted to the School Office. 2. Electronic copy of assignment should be submitted through the Turnitin software. 3. 10% of marks are awarded for satisfactory use of language and/or good presentation. 4. 5% of marks are awarded for satisfactory referencing and/or presentation of a bibliography where either is required. Note that all referenced work should be obtained from credible sources. 5. Students should ensure that they comply with Glyndwr University’s plagiarism policy. 6. Students should make correct use of the Harvard referencing method. Learning Outcomes Tested in this Assignment : 1. To identify the sources of finance available to various business entities and understand who uses financial statements and why. 2. To understand the content of basic financial statements and be able to analyse, using various financial indicators, the performance of a business. Would students please note that achievement of the learning outcomes for this assessment is demonstrated against the assessment criteria shown below (which are not necessarily weighted equally). All marks/grades remain indicative until they have been considered and confirmed by the Assessment Board Assessment Criteria Grade Awarded Grade Available 1 Identify sources of finance available to the various business entities (Sole trader, Partnerships, Private Limited Companies, and Public Limited Companies). 10% 2 Explain who uses financial statements, and why they use them. 15% 3 Describe the information source, format, content and purpose of the financial statements (Income Statement, and Statement of Financial Position). 20% 4 Calculate ratios, and then explain what each ratio means and give possible reasons for the differences in the results of the individual ratios over the two years. 40% 5 Satisfactory use of English, including grammar, spelling, clarity of presentation. 10% 6 All sources of information are to be referenced satisfactorily 5% Additional Comments from Second marker or External Examiner (if required) : LEARNING OUTCOMES 3. Identify the sources of finance available to various business entities and understand who uses financial statements and why. 4. To understand the content of basic financial statements and be able to analyse the financial performance of a business using various financial indicators. Scenario Your organisation, Alpha plc, producer of hi-tech scientific equipment, is introducing a graduate intake programme and financial awareness is going to be part of the induction training. You have been tasked to provide literature on the sources of finance available to an organisation. 1. Prepare a report outlining sources of finance available, the advantages and disadvantages of each of these for a business (including the costs of these sources). The work you have produced for the graduate induction programme has been very well received. It has been identified that graduates also need to know how to examine the financial health of a business for decision-making purposes. To accomplish this you should: 2. Explain who uses financial statements, and why they use them.

Attachments:

finance-assig….docx

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

1. Hettinger Hospital bases its budgets on patient-visits. The hospital’s static budget for March appears below: Budgeted number of patient-visits 8,900 Budgeted variable cost; Supplies (@$10.00 per patient-visits) $89,000 Laundry (@$9.70 per patient-visit) 86,330 Total variable cost 175,330 Budgeted fixed costs; Wages and Salaries 99,840 Occupancy costs 107,840 Total fixed cost 207,680 Total cost $383,010 The total variable cost at the activity level of 9,000 patient-visits per month should be:

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

1. How does a profit-maximizing firm that is operating in a competitive labor market respond to an increase in the wage rate? A. The firm will demand less capital due to the substitution effect. B. The firm will demand more labor due to the substitution effect. C. The firm will produce less output due to the scale effect. D. The firm will demand more capital due to the scale effect. E. The firm will demand more labor due to the scale effect. 2. Labor demand is more elastic A. the greater is the supply elasticity of capital. B. the greater is the elasticity of substitution between labor and capital. C. the greater is the elasticity of demand for the firm’s output. D. the greater is labor’s share in total costs. 3. What is the most accurate description of the value of a worker to the firm? A. The wage. B. The firm’s total output when holding capital fixed. C. The firm’s average product when holding capital fixed. D. The dollar value of the worker’s output. E. The dollar value of the average worker’s output.

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"

1. How does Amazon.com bring utility or create value for its customers?

2. Explain the marketing framework of Amazon.com?

3. What do you learn about marketing from the Amazon story?

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"