List the most appropriate sources of finance

Reference no: EM133517099

INTRODUCTION TO ACCOUNTING AND FINANCE

ASSIGNMENT - BUSINESS SIMULATION

Your task in this Assignment is to act as a consultant to a hypothetical business. Periodically throughout the semester, the business will come to you with questions and problems and will seek your advice on a range of different matters associated with the business. You will make regular submissions which will comprise your advice to the client. You may find that sometimes the client will take your advice, while other times they may not. That is the nature of consulting. The nature of the tasks will closely follow the weekly topics in this subject.

Part 1: Financing The Business

Details of your client are as follows:
Business Name: Krupabahen Enterprises Pty Ltd
Products: Tractors

Your task:
You are a business consultant. You have just taken on a new client, Krupabahen Enterprises Pty Ltd, a manufacturer of tractors.

Your client has just begun the process of setting up this business. A business plan has been produced, the target market identified, raw materials sourced and manufacturing premises located. The next step is to figure out how to finance the business, and the client has come to you for advice.

Write a report for your client recommending the most appropriate sources of finance for THIS business, given its particular size and characteristics. For the purposes of this exercise, if there is something you need to know about the business in order to finalise your recommendations, make an appropriate assumption, but be sure to specify all assumptions in your submission. You should discuss all sources of finance appropriate for this business, with reasons for your recommendations. You should also explain why other sources of finance would not be appropriate for this business.

The client is in the start-up phase of the business, so you should initially focus on sources of finance appropriate for that phase of the business's life cycle, but in order to provide a quality service to your client, you should also recommend the best sources of finance for future expansion of the business.

Part A
List the most appropriate sources of finance for THIS business in the start-up phase. Briefly explain why these are the most appropriate, and also discuss the reasons why other sources of finance would not be appropriate for this company.

Part B
List the most appropriate sources of finance for THIS business for future expansion. Briefly explain why these are the most appropriate, and also discuss the reasons why other sources of finance would not be appropriate for this.

Reference no: EM133517099

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