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Find the installment amount and approximate cost rate ofthe bank lean, (c) I revolving credit limit is Rs 20,00,000; interest rate 9% on. sed fund and 2% commitment fee on unused fund. tt only 50% fund is used during the year., what is the effective cost of the loan? On the basis of your calculations, which flternative is the best for the company? 3. ABC Company is attempting to determine whether to lease or purchase a new machine. The firm ia in the 40 percent tax ‘racket and the cost of debt is currently 15 percent. The terms of lease and the purchase are given below: Leese: Anaual lease payments Ra 100,000 arc required over ita Sve year life. The lease -payment is made end of each year. Buying: The machine costing Rs 400,000 could be purchased. ‘There is annual maintenance cost RaS,000. The Company uses straight line depreciation and it has salvage value of Rs 0,000 end of life of five year. ‘Which alternative would you recommend? Explain. Define working capital. What are the current assets polices? Explain Sioup C: (Shost answer type questions) ‘Answer SEVEN questions. Q. (12) is Compulsory T6035 5. (@) I'daily production and sales is 2000 units and cost is Re. 10 per unit; CCC is 30 days. What isthe cost of goods sold per day? What is the amount of working eapital? (b IF TR, RCP and PDP are 10 times, S0days and 40 days, find ccc. 6. Following is the net cash flows of project A and project B: (Year Project, ‘Project B [fo Rs 100,000 | -Rs 100,000 1 Rs 40,000 [Rs 50,000, 2 40,000 30,000 3 40,000 30,000 4 70,000 30,000 (os 0,000 | 40,000 Cost of capital is 12%, ‘Which project is best under NPV criteria? 10. nL. 12. ro) Seti paper industry sells on terms 3/15, net 45. Total sales for the year are Re.28,80,000. Forty pereent of the customers pay within 18 daye and take discount; the other 60 percent pay, on average, 5O days after their purchases. Assume 360 days a year. (@) What is me days wales outstanding? () What isthe average amount of receivables? (6) fall non discount taking customers pay on average 40 days, ‘what is the DSO? or Briefly explain the elements of credit policy: ‘A Girm having an annual opportunity cost of 12 percent is contemplating to install a lock-box sytem at an annual cost of, [Re 8,50,000. The system is expected to reduce mailing time by 3 days and reduce clearing time by 2 days. Ifthe firm colects Rs. 6,50,000 per day, would you recommend the systema? Why? What do you mean by dividend policy? Explain the dividend payment procedure. XYZ Ltd's annual consumption of material is 1,20,000 units, carrying costs are Rs.0.2 per unit and cost of placing and order is [Rs.60. The firm requires 10 days of lead time to receive the order placed and requires mainitaing 15 days consumption in safety stock. Assume 360 days in a year. (a) What is the reorder level? (b) What is the safety stack? (c) What is the BOQ? (@) What is the total inventory cost ofinchuding safety stock? 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