BSBFIM601

Hamza Anees
Student ID: 20190051
Week 3 Practice Solutions

Question 1
Solution:
1. The formula will be:
=DB (10000,2000,5,1,2) Answer is $458.33
Now repeat the calculation for the full 12 months.
i.e. = DB (10000,2000,5,1) Answer is $2,750.00
2. The formula will be:
=SLN (10000,2000,5) Answer is $1,600

Question 2

1. The formula will be:

=FV (0.08,12,2000) Answer is $37,954.25
2. The formula will be:
=FV (0.02,48,500) Answer is $39,676.76

Question 3
Solution:

1. The formula will be:

= PV (0.08,12,2,000) Answer is $15,072.16
2. The formula will be:
=PV(0.02,48,500) Answer is $15,336.56

Question 4
Solution:
1. The formula will be:
=NPER (0.08,2000,37954.25292) Answer is 12 years
2. The formula will be:
=PMT (0.08,12,15072.1561) Answer is $2,000
3. The formula will be:
=IPMT (0.08,1,12,20000) Answer is $1,600
4. The formula will be:
=NPV (0.1,2000,2000,2000) Answer is $4,973.70

Question 5
Solution:
1. Strategic planning focuses on establishing and developing operational goals and
their means of attainment. This involves an organisation wide action plan. Tactical
planning relates to the process of putting your strategic plans into action. Tactics are
calculated courses of action designed to maximise profits and beat the competition.
2. In small organisations strategic planning must still be done, but unlike a large
organisation, the three types of planning will not filter down through different levels of
management. Owners/managers will have to do all the strategic/tactical and
operational planning themselves. Often these types of plans will be more overlapping
than in a large business. For small businesses strategic planning will usually revolve
around competitive and environmental factors, as operational goals and organising
employees will be much less complicated.