BUSM4154: Sew-Good Pty Ltd - Bolzano Ltd - Business Assignment Help

Assignment Task:

There are two parts to this Handin. Both parts are worth 3 marks each.

Part 1

Bolzano Ltd has decided to provide a prize for a local university student who demonstrates outstanding leadership.  The initial prize, to be awarded in exactly one year’s time, will have a value of $500. The value of the prize will be increased in line with inflation, which can be assumed to be 2.75%.  The university will invest funds today to provide for this scholarship, and the return on this investment fund is 5.25%. 

To set up the fund there is an initial administration cost of $100. As well, each year there is an administration cost of 1% of the value of that year’s prize. Bolzano Ltd is responsible for these costs. 

For the scholarship to go ahead, Bolzano Ltd must provide the university with all funds today. 

How much does Bolzano Ltd need to provide today to the university so that the prize can be initiated?   

Part 2

Sew-Good Pty Ltd, trading as Sew-Good, is a small business that does clothing repairs and alterations. The Bank of Southern Victoria has just offered Sew-Good the use of a credit card where the annual percentage rate is 24%p.a., compounding monthly.  The bank has suggested to Sew-Good  that the use of this credit card would be very useful for  times when there is a short term cash deficit.  Would you advise Sew-Good to accept the credit card offer? Explain the reasons for your advice.

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