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Glampervan Philippines, Inc. requires a budget of 1,600,000 pesos for a single glamper van that will be built for our first month. The 1,600,000 provided

  • Glampervan Philippines, Inc. requires a budget of 1,600,000 pesos for a single glamper van that will be built for our first month. The 1,600,000 provided by the bank loan The 1,500,000 pesos will be used for the van and materials needed for the production of the glamper van. The brand-new van costs 1,149,500 pesos, and the Smart TV costs 25,000 pesos. Then 300,000 pesos for the complete kitchen appliances, 16,000 pesos for the sofa, and lastly, 9,500 pesos for the portable table and chair. All in all, it cost 1,500,000 pesos. However, the excess of 1,600,000 pesos from the budget, which is 100,000, will be used for the first month's salaries of employees.
  • Analyse current funds a) Funds acquired From BPI loans with minimum 20,0000 Financing amount with lone tenure
  • CodiTransaction Description 5 Interest Rate Change Loon Advance 1 6 Admin Fee 7 2 Loon Repayment 4 Interest
  • Codi Transaction Description 2 Loon Repayment 4 Interest Capitalized 6 Admin Fee 7 2 Loon Repayment 4
  • Create loan funds dispersal statement In a table.  

-Analyse current funds a) Funds acquired From BPI loans with minimum 20,0000 Financing amount with lone tenure of 2 year. The interest is 1.2% per month.

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