Business Finance FN 3000
LP5 Assignment: Working Capital
This assignment will assess the competency 1. Manage working capital.
Directions: Chapter 6 ? Problem 14; Chapter 7 ? Problems 5, 13; Chapter 8 ? Problem 18
These assigned problems are located in your Foundations of Financial Management textbook. Follow the instructions printed for each problem and submit this assignment in a Microsoft Excel or Word document.
8 Work meets or exceeds criterion at a high level of competence.
7 Work reflects an understanding of criterion with minor misunderstandings/misconceptions.
6 Criterion partially met, but one or more important concepts/skills are missing or flawed.
5-4 Work reflects an attempt to meet criterion, but significant misunderstandings/misconceptions are apparent.
3-0 Criterion not met or work is absent.
Criteria - Chapter 6 Problem 14
1. Conservative and aggressive financing plans for Guardian were constructed correctly including earnings after taxes. Also explained what would happen if short and long-term rates were reversed.
Criteria - Chapter 7 Problem 5
2. Average collection period was calculated correctly.
Criteria - Chapter 7 Problem 13
3. Economic ordering quantity was calculated correctly.
4. Number of orders to be placed during the year was calculated correctly.
5. Average inventory was calculated correctly.
6. Total cost of ordering and carrying inventory expected was calculated correctly.
Criteria - Chapter 8 Problem 18
7. Annual payment was calculated correctly.
8. Semiannual payments were calculated correctly.
9. Quarterly payments were calculated correctly.
10. Monthly payments were calculated correctly.
Jan 10, 2018EXPERT
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