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Financial Homework

FIN203 Essentials of Financial Management

Tutor-Marked Assignment

January 2020 Presentation

FIN203 Tutor-Marked Assignment


TUTOR-MARKED ASSIGNMENT (TMA) This assignment is worth 18% of the final mark for FIN203 Essentials of Financial Management. The cut-off date for this assignment is 2 April 2020, 2355hrs. Note to Students: You are to include the following particulars in your submission: Course Code, Title of the TMA, SUSS PI No., Your Name, and Submission Date. You must answer ALL the questions. (Total 100 marks) Question 1 Sharon, a long-time classmate, contacted you recently. She is thinking of setting up a business with two other ex-colleagues, Mandy and Terence, to design and sell a specialised posture corrector belt for women. All three of them are expected to be involved in running the day-to- day operations and will fund the business with their own savings. They do not wish to lose more money than the amount they invest. If the business goes according to plan over the next 12 to 18 months (where sales and customer based have grown significantly, and payments to suppliers are voluminous), she envisages that a finance manager will need to be recruited. Several months down the road, certain decisions relating to procurement of new machinery and renovation of a factory in Tuas will need to be made. Based on her preliminary computations, the cash flows from assets in the first three years is estimated to be -$360,000. While there is a vision to expand into neighbouring countries like Malaysia, Thailand and Vietnam (where significant funds need to be raised externally), this is not an immediate priority. At some point in time, Sharon would like to divest a portion of her business interest, and donate the proceeds to Singapore Children’s Society, a charitable organisation. You have been appointed by Sharon as a consultant. She has requested for you to draft a memorandum to advise her on the matters set-out below. (a) Examine which of the three (3) forms of business should be used.

(12 marks) (b) Prioritise the roles and responsibilities of the finance manager who will be hired within


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