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Wednesday, June 30, 2010

Corporate Finance (Fin622) assignment No. 2 solution

Assignment No.2 Dated: Jun 24, 10 
Semester “Spring 2010”

“Corporate Finance (Fin622)”
 
This is to inform that next Assignment (covering video lecture no. 1 to lecture no 28) 
will be uploaded on VULMS according to the following schedule

Schedule

Opening Date and Time 
June 28 , 2010 At 12:01 A.M. (Mid-Night)

Closing Date and Time 
July 01 , 2010 At 11:59 P.M. (Mid-Night)

Note: Only in the case of Assignment, 24 Hrs extra / grace period after the above mentioned due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.


Important: 

1. For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures, which can be downloaded for free from www.youtube.com/vu, and also use other reference books. 
2. For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments and GDBs in the overview tab of the course website on VU-LMS.





 March 


Cash sales = 30%of total sales15000 

Credit sales = 70% of total sales 35000 

Recovery of credit sales in May = 30% of credit sales = 10500 



April 

Cash sales = 30% of total sales 18000 

Credit sales = 42000 

Recovery of credit sales in May = 70% of credit sales = 29400 

Recovery of credit sales in June= 30% of credit sales = 12600 



May 

Cash sales = 30% of total sales 12000 

Credit sales = 28000 

Recovery or credit sales in June = 70% of credit sales = 19600 



June 

Cash sales = 30% of total sales 6000

_________________
 .......................................

May
June
Balance opening
11500
3400
February
-------------------------------
-----------------------------
March
10500
------------------------------
April
29400
12600
May
12000
19600
June
------------------------
6000
Total cash inflow
63400
41600
Less disbursement
-60000
-45000
Net cash inflow -outflow
3400
-3400

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