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Help for a , b and c During the Movement Control Order (MCO) period, Berjaya Berhad wishes to purchase a moulding machine and automated sewing
Help for a , b and c
During the Movement Control Order (MCO) period, Berjaya Berhad wishes to purchase a moulding machine and automated sewing to boost up its production on Personal Protection Equipment (PPE) for the medical staff in Malaysia. Both devices will cost RM2,5 million. To purchase both of these machines, the management needs to obtain financing from the bank. After re-look into the company's financial statement, the management realized that the monthly installment they can afford to pay is RM42,500 per month. You are required to: (a) Investigate whether the financing of a six percent, five years repayment financing obtained from the bank based on their affordability, sufficient to purchase for both machines? Explain your answer. (b) Based on the information (a) determine the monthly instalment needed for the financing of the machines. Justify your answer. (c) Based on the answers generated in (a) and (b), advice the management of Berjaya Berhad on FOUR (4) possible strategies that allow them to obtain the needed funding from the bankStep by Step Solution
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