FİNANCİAL MANAGEMENT PROJECT

ANSWERS

1.Accounting is more about reporting the financial information of a particular individual, or

business entity While Financial management encompasses everything that involves finances,

assets, and resources. It takes part in financial planning, control, and decision-making.

Fundamentally, Financial Management is a relatively new branch of accounting, and more

about business applications, accounting data, and reports.

2.A sole proprietorship keeps all the profits while A Corporation has to share the

profits.while the stockholders in a corporation have limited liability for corporate debts, the

owner of a sole proprietorship has unlimited liability for business debt.This means that

creditors can look to the proprietors personal assets for payment.If a Corporation needs new

equity, it can sell new shares of stock and attract new investors.However a sole proprietor can

not sell stock shares.

3.The relationship between stockholders and management is called an agency

relationship.Such a relationship exists whenever someone (the principal) hires another (the

agent) to represent his or her interest.There is a possibility of conflict of interest between the

principal and the agent.Such a conflict is called an agency problem.There are some methods

to mitigate the negative effects of these agency problems.

1) We can give the manager shares

2) Board of Directors

3) Audits

4) Market control (managerin itibarı piyasadaki)

5) Manager compensation should be tied to company performance

5.Forcasting the 2013 external funds needed for ÜLKER BİSKÜVİ SANAYİ AŞ

a.Sale2012=2.340.639.227 Sales2013= Sale2012*1.30= 702191768,1

CURRENT

PERİOD

Cash

A/R

Inventory

Total C/A

NFA

TOTAL

b. Simplified Balance Sheet (2013)

Cash&S.T.I 11% 274.545A/R 2% 49.917Other Recev. 1% 24.958Inventory 0.9% 2.47Other C.A 2% 49.917Total Current As. 441.09

Total ASSET 2.310.79

Account Payable 4% 115.05…..Total Current L. 564.65Total Liabilities 1,908.25Common stocks 75.0Retain Earnings 138.2Comherensive IN and other 114.2Total EQ 327.4

Total Liabilities&EQ 2.235,65

EFN=2.310.79- 2.235,65=75,14 U.S.D (

Comment= The firm has to get 75,14 USD If it wants to grow up its sales to 30%

Profit Magrin2013=12% =Net income/sales=NI/2.495.87=>NI=299.5044

c. No pay dividens to shareholders in 2013 means retain Earnings do not change.

6.FVA=C[(1+r)t-1/r]=3650[(1+0.12)65-1/0.12]=

R=0.12

T=85-20=65

C=10*365=3650

7.a)

MONTH BEG BAL PMT INT PRIN END BAL

R

1 5000 474 165 309 4691 0,0332 4691 474 155 319 4372 0,0333 4371,80

3474 144 330 4042 0,033

4 4042,072

474 133 341 3701 0,033

5 3701,461

474 122 352 3350 0,033

6 3349,609

474 111 363 2986 0,033

7 2986,146

474 99 375 2611 0,033

8 2610,689

474 86 388 2223 0,033

9 2222,842

474 73 401 1822 0,033

10 1822,196

474 60 414 1408 0,033

11 1408,328

474 46 428 981 0,033

12 980,8028

474 32 442 539 0,033

b)Annual Percentage: 0.033(12):0.396=>39%

11.Takasbank was authorized by the Capital Markets Board of Turkey as pre-Local Operating

Unit (pre-LOU) on 26th of July 2013 to generate and allocate pre-Legal Entity Identifier (pre-

LEI) codes by the decision taken at Capital Market Boards of Turkey meeting dated July 31,

2013.

With this authorization, Takasbank has the utmost responsibility to allocate, report and

disclose the pre-LEI codes in compliance with ISO 17442 standards after confirming that the

legal entity applying for pre-LEI code has not already obtained the code from any other LEI

generating pre-LOU in another country. Furthermore, Takasbank is held responsible for

complying with the standards set forth by international regulators to provide LEI services as

well as implementing the changes and updates in the LEI services scope accordingly.

It is located Şişli Merkez Mahallesi, Merkez Caddesi, No: 6 34381 Şişli-İstanbul-Türkiye.

12. ISIN CODE: TRSEKOF51516

Country code:TR

Types of bond:S it means Private bond

Issuer:EKOF (Eko Faktoring)

Issue number:515 (May 2015)

Exportation number:1

Control number:6

2015 yılının mayıs ayında itfa olan EKOF (Eko Faktoring A.Ş)’nin ihraç ettiği özel

sektör tahvili

13.

a) Type A variable mutual fund is better than our selecting a few common

stocks for investors because there is a experince manager who makes a

decision to take best stock or fund in the variable mutual fund and there is

a pool system which the all Money are collecting in the Type A variable

mutual fund so increase the probilitiy of profit.However, when we make an

investment about our portfolio we are alone and we have not much

experince in the stock market.

b)