公司理财Cases.doc

Case 1- Chapter 3 Harry Patterson With a ￡9000 lottery win, Harbry Patterson and his wife decide to open a health food shop on 1st January 2xxl. He proposes to set up a company and will invest the ￡9000 in exchange for 1000 ￡1 ordinary shares each to him and his wife. He has arranged to rent the premises for ￡1800 pa which is payable quarterly in advance. During January he intends to buy for cash ￡9000 worth of fittings and equipment and a van for ￡3600 which he will not pay for until February. His sales and purchases estimates for the first three months of 2xxl are: Jan Feb Mar Sales (￡) 2700 3600 4500 Purchases 3000 2400 2700 He anticipates that 10% of his sales will be on credit and that they will be paid for in the month following the sale. All purchases will be paid for one month after purchase. Expenses of the business are estimated to be : Wages ￡600 per month (payable immediately) General ￡300 per month (half payable immediately and half payable the next month)Depreciation ￡360 pa on fittings and equipment ￡720 pa on the van Goods are sold at a price representing a 50% mark-up on cost price. PREPARE 1. A cash budget for each of the three months Jan-Mar. 2. A Profit and loss account for the period 3. A Balance Sheet at the end of the period Comment briefly upon the profitability and liquidity of the business as it is forecast. Case 2—Chapter 5 Tongda 通达公司是沈阳市的一家民营企业，成立初期，由于业务较为简单，暂由金华会计师事务所代账。现在，企业规模逐渐扩大，正式雇佣一名刚刚大专毕业的王平担任公司会计。王平未经过正式实习，经验不足，对企业业务总是计算不清，于是向我们求助。 （1）2002年1月1日，通达公司拟向沈阳信托投资公司融资租赁一台万能机床，双方在租赁协议中明确：租期截止到2007年12月31日，年租金5600元，于每年末支付一次，沈阳信托投资公司要求的利息及手续费率通常为5％。红星机床厂得知此事后，主动与通达公司联系，愿意以28000元钱将一台同样机床出售给通达公司，王平陷入选择的矛盾之中。 （2）公司拟在2002年8月在东北大学设立一笔“助成奖学基金”，奖励计划为：从2003年8月起每年特等奖1人，金额为1万元；一等奖2人，每人金额5000元；二等奖3人，每人金额3000元；三等奖4人，每人金额1000元。目前银行存款年利率为4%，并预测短期内不会发生变动，王平不知应一次向银行存入多少钱。 另外，王平月收入约3000元，每月生活支出约1500元，王平准备买房，父母可以帮他支付首期，他以后只需每月分期偿还银行贷款。他想知道可承受得起大约多少钱的房子。 Tongda is a private en