Fnsacc501 answers

FNSACC501

Financing Option Scenario Instructions

1. You will need the following information for assessment event 3.

2. As a guide, your answer should be at least 500 words in length.

3. Complete your response in a report format and submit to the online area for this assessment event.

4. Include as an appendix to your report the Plan2go Lease vs financing Worksheet

Scenario

Plan2go are looking to add a small bus to their vehicle pool. The bus will provide clients with transport to and from venues as well as executives to conferences and/or convention centres.

Leader Coin Crew, Jamae Kelly, has asked you to provide information on the financing options available for the purchase of the bus.

It is your responsibility to prepare a report analysing the financing options and summarising your results for Jamae to make an informed decision to put to the Board. Your report must include as a minimum:

o Definition of financing options

o Recommendation

Please use the documents on the following pages to answer this questions.

FNSACC501_AE3_Scenarios_V1.2.docx Revised: 24/04/15 Page 1 of 3

FNSACC501

Transport Now Pty Ltd Quotation ABN 77 888 999 121 DATE March 1, 20CY Carnival Parade Quotation # 100 Melbourne VIC 3000 Customer ID Ph: +61 (03) 7778 9999

Bill To: Quotation valid until: March 31, 20CY

Plan2go Pty Ltd Prepared by: John Simmonds 84 Lorimer Street Docklands Melbourne VIC 3004 Phone 03 5550 5710 Comments or special instructions:

Description AMOUNT

Total Vehicle Price : (Registration 402MNN) $ 78,576.00

Stamp duty 1,964.00

Registration 372.00

CTP Insurance 572.00

Stamp duty on CTP 34.00

Prices shown inclusive of GST*

TOTAL $ 81,518.00

If you have any questions concerning this quotation, contact John Simmonds

THANK YOU FOR YOUR BUSINESS!

FNSACC501_AE3_Scenarios_V1.2.docx Revised: 24/04/15 Page 2 of 3

FNSACC501

Finance 4U Pty Ltd ABN 88 777 666 333 DATE March 1, 20CY Finance Details :

Description AMOUNT Mitibus Minibus Registration 402MNN - Amount payable to Transport Now Pty Ltd $ 81,518.00

Establishment Fee 355.00

Agreement Registration Fee 8.10

Stamp Duty 275.00

Total amount of credit 82,156.10

Interest 18,074.34

Total Loan Amount 100,230.44

Repayment Details:

Residual (Amount owing at the end of 4 years) 10,000.00

48 Monthly repayments of 1,879.80

FNSACC501_AE3_Scenarios_V1.2.docx Revised: 24/04/15 Page 3 of 3

Financing Option Scenario
Instructions
Scenario
Plan2go are looking to add a small bus to their vehicle pool. The bus will provide clients with transport to and from venues as well as executives to conferences and/or convention centres.
Leader Coin Crew, Jamae Kelly, has asked you to provide information on the financing options available for the purchase of the bus.
It is your responsibility to prepare a report analysing the financing options and summarising your results for Jamae to make an informed decision to put to the Board. Your report must include as a minimum:
o Definition of financing options
o Recommendation
Please use the documents on the following pages to answer this questions.
1. You will need the following information for assessment event 3.
2. As a guide, your answer should be at least 500 words in length.
3. Complete your response in a report format and submit to the online area for this assessment event.
4. Include as an appendix to your report the Plan2go Lease vs financing Worksheet