...units) for 20x0: | | | Light Coils | Heavy Coils | Projected sales | 60,000 | 40,000 | Add: Desired inventories, December 31, 20x0 | 25,000 | 9,000 | Total requirements | 85,000 | 49,000 | Deduct: Expected inventories, January 1, 20x0 | 20,000 | 8,000 | Production required (units) | 65,000 | 41,000 | 3. | Raw-material purchases budget (in quantities) for 20x0: | | | | Raw Material | | Sheet Metal | Copper Wire | Platforms | Light coils (65,000 units projected to be produced) | 130,000 | 65,000 | __ | Heavy coils (41,000 units projected to be produced) | 102,500 | 61,500 | 41,000 | Production requirements | 232,500 | 126,500 | 41,000 | Add: Desired inventories, December 31, 20x0 | 18,000 | 16,000 | 7,000 | Total requirements | 250,500 | 142,500 | 48,000 | Deduct: Expected inventories, January 1, 20x0 | 16,000 | 14,500 | 6,000 | Purchase requirements (quantity) | 234,500 | 128,000 | 42,000 | 4. | Raw-material purchases budget for 20x0: | | | Raw Material | Raw Material Required (units) | Anticipated Purchase Price...
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...guidance for completion of this project. I am also very thankful to my father Mr. Vimal Garg who provide me a unique platform to fulfillment of this project and provide practical exposure to earn knowledge in the field of sanctioning procedure of bank loans and learn the problems faced by customers and bankers during the financing a project that could be done in a bank. I also want to extend my sincere thanks to “Agarwal & Co.” who’s immense support and dedicated their time toward it to sharing their knowledge in the field of finance and learn the day-to-day activities that are carried out in the CA firm. I would like to thanks to, Prof. BALA BHASKARAN (Director of Shanti Business School, Ahmadabad) who provides me this golden opportunity by giving this project. Table of Contents ACKNOWLEDGEMENT 2 EXECUTIVE SUMMARY: 4 Objective: 4 Brief Description of Project: 4 INTRODUCTION 6 Introduction of Project Financing 6 Introduction of Banking 8 SIGNIFICANCE OF THE STUDY 14 PROJECT OUTLINE FOR PROJECT FINANCE 15 CASE STUDIES 23 CASE STUDY 1 23 CASE STUDY 2 26 CONCLUSION 31 BIBLOGRAPHY 33 ANNEXURE1 34 ANNEXURE 2 34 ANNEXURE 3 34 EXECUTIVE SUMMARY: Objective: * To meet the credit requirements of small business units, industrial unit, retail trader, artisan, Small Scale Industry (SSI) and tiny units. * The main purpose of this project is to learn and understand the concepts of...
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...time because they may not have the funds on hand at the given time. This is exactly what is going on in the case of our company. We need the funds up front and will promise to pay the loan back when we have set up our other locations and have the funds to do so. The bank in which we have chosen for our line of credit have some simulations to our proposed idea, so we must break them down to understand exactly what we are getting ourselves into. In this case we will be getting a line of credit or a loan from the bank to be paid back over the course of the next few years. During which time we will be externally audited by the bank and must adhere to their policies while going through the loaning process and payback period. The company will be named as the policy holder and will be liable for the full amount loaned. The elements involved in negotiable instruments are certificates of deposits, notes, checks and drafts. The Uniform Commercial Code governors over negotiable instruments and defines who is liable, both primary and secondary. The primary holder of the loan is liable for the loan, it is their duty to pay and their name on the papers. A secondary liability holder comes in to play when the primary has failed to pay the loan amount. Primary holder are the people who actually sign for the loan in the first place. From there it may go through different chains until the instrument is in play. If I were to write a check and give it to you, and you sign the check and give it to...
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...William D. Ford Federal Direct Loan Program Direct Subsidized Loan and Direct Unsubsidized Loan Borrower’s Rights and Responsibilities Statement Important Notice: This Borrower’s Rights and Responsibilities Statement provides additional information about the terms and conditions of the loans you receive under the accompanying Master Promissory Note (MPN) for Federal Direct Stafford/Ford Loans (Direct Subsidized Loans) and Federal Direct Unsubsidized Stafford/Ford Loans (Direct Unsubsidized Loans). Please keep this Borrower’s Rights and Responsibilities Statement for your records. You may request another copy of this Borrower's Rights and Responsibilities Statement at any time by contacting your servicer. Throughout this Borrower’s Rights and Responsibilities Statement, the words “we,” “us,” and “our” refer to the U.S. Department of Education. The word “loan” refers to one or more loans made under the accompanying MPN. 1. The William D. Ford Federal Direct Loan Program. The William D. Ford Federal Direct Loan (Direct Loan) Program includes the following types of loans, known collectively as “Direct Loans”: Federal Direct Stafford/Ford Loans (Direct Subsidized Loans) Federal Direct Unsubsidized Stafford/Ford Loans (Direct Unsubsidized Loans) Federal Direct PLUS Loans (Direct PLUS Loans) Federal Direct Consolidation Loans (Direct Consolidation Loans) 4. About the MPN. You may receive more than one loan under this MPN over a period of up to 10 years to pay for your educational...
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...The new credit score to buy a house is now 580. This is 60 points lower than the previous requirement making it easier for those buying a house with bad credit to get into a home. If you have been thinking about buying a home, now is the time. FHA loan rates are very reasonable and the down payment minimum of 3.5% coupled with more lax underwriting requirements are making home loans for bad credit more attainable. How To Improve Your Credit Score Working to improve your credit score can have numerous positive effects. Therefore, even if you have some glaring credit issues on your credit report, there are still some things you can do to boost your current score while you're waiting for your past credit mistakes to age out. 1. Payoff your past due accounts. About 35% of your credit score is rated based on your payment history. 2. Check your credit reports for errors and contact the credit bureau about any mistakes you find. 3. Improve your debt-to-income ratio. This...
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...Working-Capital Management ORIENTATION I. Managing current assets A. The firm’s investment in current assets (such as fixed assets) is determined by the marginal benefits derived from investing in them compared with their acquisition cost. B. However, the current fixed-asset mix of the firm’s investment in assets is an important determinant of the firm’s liquidity. That is, the greater the firm’s investment in current assets, other things remaining the same, the greater the firm’s liquidity. This is generally true, since current assets are usually more easily converted into cash. C. The firm can invest in marketable securities to increase its liquidity. However, such a policy involves committing the firm’s funds to a relatively low-yielding (in comparison to fixed assets) investment. II. Managing the firm’s use of current liabilities A. The greater the firm’s use of current liabilities, other things being the same, the less will be the firm’s liquidity. B. There are a number of advantages associated with the use of current liabilities for financing the firm’s asset investments. 1. Flexibility. Current liabilities can be used to match the timing of a firm’s short-term financing needs exactly. 2. Interest cost. Historically, the interest cost on short-term debt has been lower than that on long-term debt. C. Following are the disadvantages commonly associated with the use of short-term...
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...Solution to Toy World, Inc. Case 32A Toy World, Inc. Cash Budgeting Copyright ( 1996 by the Dryden Press. All rights reserved. CASE INFORMATION PURPOSE This case analyzes a straightforward cash budgeting problem. It is designed to illustrate the mechanics of a cash budget and the way cash budgets are used. Discussion questions focus on the rationale behind the use of cash budgets as well as on their inherent problems. The case also raises the issues of the target cash balance, the optimal size of the credit line, the investment of excess cash, and production scheduling for a seasonal business. TIME REQUIRED Without using the model, 3-4 hours of student preparation should be adequate for most students, with possibly another hour or so to write up the case if it must be handed in. Use of the spreadsheet model can greatly reduce preparation time, especially if the completed model or the easy macro version is given to students. COMPLEXITY A relatively simple, but with a fair amount of number crunching for students not using the spreadsheet model. However, a number of related issues can be discussed, so students can put in a significant amount of time on the case. Still, they can get the gist of it without too much trouble. WAYS WE HAVE USED THE CASE We have used this case in two very different ways. First, with both introductory and not very-well-prepared second course students, we ask them to read the case and to become generally...
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...Solution to Toy World, Inc. Case 32A Toy World, Inc. Cash Budgeting Copyright ( 1996 by the Dryden Press. All rights reserved. CASE INFORMATION PURPOSE This case analyzes a straightforward cash budgeting problem. It is designed to illustrate the mechanics of a cash budget and the way cash budgets are used. Discussion questions focus on the rationale behind the use of cash budgets as well as on their inherent problems. The case also raises the issues of the target cash balance, the optimal size of the credit line, the investment of excess cash, and production scheduling for a seasonal business. TIME REQUIRED Without using the model, 3-4 hours of student preparation should be adequate for most students, with possibly another hour or so to write up the case if it must be handed in. Use of the spreadsheet model can greatly reduce preparation time, especially if the completed model or the easy macro version is given to students. COMPLEXITY A relatively simple, but with a fair amount of number crunching for students not using the spreadsheet model. However, a number of related issues can be discussed, so students can put in a significant amount of time on the case. Still, they can get the gist of it without too much trouble. WAYS WE HAVE USED THE CASE We have used this case in two very different ways. First, with both introductory and not very-well-prepared second course students, we ask them to read the case and to become generally...
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... Cal Quality Electronics, Santa Ana, CA February 2010 – March 2014 Purchasing Department/ Buyer ▪ Enforces all applicable purchasing materials policies, interfaces with customers and suppliers for communication of product requirements, inventory builds and additionally ongoing material requirements. ▪ Purchase corporate requirements for assigned materials from approved qualified suppliers in sufficient lead-time to prevent material shortage. ▪ Follow purchasing accounting policies, update procedures as necessary to comply with all corporate quality requirements, maintain accurate supplier history performance data, negotiate best price, terms conditions. Indymac Bank, Irvine, CA April 2008 – October 2009 Retail Lending Officer ▪ Work with clients to identify their financial goals and to find ways of reaching those goals. ▪ Analyze potential loan markets and develop referral networks to locate prospects for loans. ▪ Submit applications to credit analysts for verification and recommendation. ▪ Review loan agreements to ensure that they are complete and accurate according to policy. ▪ Meet with applicants to obtain information for loan applications and to answer questions about the process. ▪ Explain...
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...Benefits Associated with Bad Credit Loans Bad credit loans are a blessing in disguise for those suffering from bad credit history. People unable to pay their bills or loans on time suffer from a bad credit score that affects negatively on their credit history. There are a number of reasons behind a bad credit history including financial crises, bankruptcy, inability to pay bills on time and many others. Recession is one of the major factors behind bad credit history of the people as they suffer from financial crises due to poor economic conditions and by loosing their jobs. Inflation is another solid reason that leads to poor credit scores. Bad credit loans help you enjoying the privilege of enjoying loans even if you suffer with poor credit history. Bad credit loans provide you financial assistance in a number of critical situations such as paying a sudden and unexpected medical bill, meeting the financial crunch at the end of the month, coping sudden personal financial needs when you run short of money. Bad credit loan is a perfect solution for all the above-mentioned problems as it let you get instant cash in order to fulfill your financial requirements. There are a number of lenders over the Internet and in the offline environment that offer ad credit loans to the people having no or poor credit history. The ultimate advantage of a bad credit loan is that you can instantly get the loan. You don’t need to wait for weeks to get your loan approved as you can get hot cash...
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...REPRESENTATION LETTER BY ULTIMATE LOAN RECIPIENT (a) Loan funds were not used for activities that would adversely affect the environment, or activities that limit the choice of reasonable alternatives prior to satisfying Rural Development environmental requirements; (b) Loan funds were not used to pay off or refinance any existing indebtedness or costs of the Project that was incurred prior to Rural Development receipt of the Intermediary’s completed application; (c) Loan funds were not used for any electric or telecommunications purpose or for the Intermediary’s electric or telecommunications operations, for affiliated operations of the Intermediary, or for the benefit of other Intermediaries or their affiliated operations, except those purposes contained in § 4280.15(f); (d) Loan funds were not used to pay the salaries of any employee or owner of the Intermediary, its subsidiaries, or affiliates, except for salaries incurred in administering a Revolving Loan Fund established under the REDG Program; (e) Loan funds were not used for community antenna or cable television systems or facilities; (f) Loan funds were not used for residential purposes such as residential dwellings and land sites; facilities to provide entertainment television; to transfer property between owners without making improvements that will promote or sustain economic development in Rural Areas; or for personal, non-business related vehicles; (g) Loan funds were not used where there...
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...Defining Subprime Lending The problem to be investigated is the effect of subprime mortgage loans on the economy. According to Merriam Webster subprime is defined as having or being an interest rate that is higher than a prime rate and is extended especially to low-income borrowers; extending or obtaining a subprime loan (Webster, 2012). Subprime mortgage loans are loans given to people with a low credit score. Subprime borrowers normally don’t qualify for prime loans or prime lending. According to Jennings, the subprime mortgage market is defined to include those borrowers with a FICO (Fair Isaac Co.) score below 570 (Jennings, 2012, p. 434). The American Dream Home ownership has always been a big part of the “American Dream.” It allows you to have your piece of “the rock.” It gives one the ability to invest in your community. This need to have a piece of the American dream not only drives the average American to capitalize, it also drives mortgage lenders to take their portion of your dream as well. Initially, this relationship tends to have win/win connotations; however, true colors eventually prevail when dealing in subprime mortgage loans. Subprime Lenders It seems subprime lenders never call themselves just that. You have to be aware of the enormously high prices; prices much higher than your prime lenders. Subprime lenders based their rates and fees on the same factors as prime lenders. For example, rates were higher the lower the credit score and the...
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...I. Title “Asialink Loan Management System” II. Introduction Loaning is one of the most common option of people who needs a big amount of money. From college loans, car loans, house loan, and many more. Whatever spending you do you will surely experience lack of financial capability? In different walks of life there will be an overspending of money. We also spend money to pay for our tuition, pay for electric bills, and buy new furniture and many more. On the other hand many companies provide financial assistance depending on the creditor. Some companies offers high amount of loans to attract more customers and also provides good amortization plans to each type of creditors. Due to rapid growth of population people lacks money because they spend too much above their monthly income. Some people do have own reason to apply for a loan such as opening their own business in order to have a stable livelihood. In some other cases they applied a loan in order to pay other debts to other people. Moreover spending money is a very crucial part of human existence. III. Objectives The main objective of this research is to develop an Asialink Loan Mangement System in Calbayog City * To provide services through web applications. * To monitor each client’s status on a centralized system. * To promote the business popularity. * To promote accessible services...
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...value for its shareholders. Strategic financial management also means that short-term goals may occasionally need to be sacrificed to meet longer-term objectives. A typical example is when a loss-making company trims its asset base through factory closures or headcount reduction in order to reduce operating expenses. While such actions have a detrimental effect on near-term results because of restructuring costs and other one-time items, it positions the company to achieve profitability in the longer term. (c ) Short Term Financial Management and Strategy Chapter 15: Short Term Financial Management Learning Goals Describe the scope of short-term financial management and the cash conversion cycle. Explain the funding requirements of the cash conversion cycle and strategies for minimizing negotiated liabilities. Understand inventory management:...
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...------------------------------------------------- CHAPTER 3 3.0Requirements Analysis and Specifications 3.1. USER REQUIREMENTS 3.1.1. Functional Requirements 1. The system should be able to automatically update and retrieve client loan details whenever required by users. 2. The new system should be able to limit errors during data entry by users. 3. The system should provide a high level security for transactions 4. The system should be able to accept data from users through use of interface and interactive forms. 5. The system should allow management of loans which includes creation, modification and deletion of the loans records within the system. 3.1.2Nonfunctional requirements Usability The loans processing System strives to be as simple and intuitive as possible. The interface will be easy to understand and use, for different users with different access to the system’s services. Customers having laptops with internet connectivity will be able to access loans processing system. Customers using cell phones are able to see the amount awarded and interest rates charged. Reliability As a web-based system, the loan processing System will be very reliable. The customers will be able to access it with ease and get all the information with less complexity. Performance Performance for any web application should be as high as possible. When working with a cell phone, only the most necessary data is sent. Because there is very little searching the system shouldn’t see...
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