Reference no: EM132999177

Corpus Corporation is engaged in the business of export of garments. In the past, the performance of the company had been up to the expectations. In line with the latest technology, the company decided to upgrade its machinery. For this, the Finance Manager, Jaysrell estimated the amount of funds required and the timings. This will help the company in linking the investment and the financing decisions on a continuous basis. Jayrell, therefore, began with the preparation of a sales forecast for the next four years. He also collected the relevant data about the profit estimates in the coming years. By doing this, he wanted to be sure about the availability of funds from the internal sources of the business. For the remaining funds he is trying to find out alternative sources from outside. Identify the financial concept discussed in the above. Also state the objectives to be achieved by the use of financial concept, so identified.