In-class activity - Wonder-Woman Itd For this task, use the case study "Wonder Woman Itd" provided in Week 6 section of the Moodle and its budget created in class. Kylie and Jed are planning to start a business, Wonder-Woman Itd, selling used camper vans. They will buy their stock from a hire company, recondition the mechanicals, and sell them on to young travellers who want cheap but reliable transport and accommodation. They have agreed to buy at a fixed price of 3,000 for the high mileage vans, and the sellers can supply as many as they are likely to need, at least in the short term. They plan to start the venture in January, and spend January and February preparing the first few vehicles for sale. They have then estimated as best they can the sales levels for the coming months as follows: Estimated sales in: March 2 vans April 3 vans May 4 vans June and subsequent months 4 vans The sales will all be on a cash basis for 5,000 each. Purchases of the vans will also be for cash, but the parts to recondition the mechanical bits (estimated at 400 per van) will be supplied on one month's credit. They will buy necessary parts at the same time as vans. They plan to buy 3 vans in January and build up their stock so that by the end of February and each following month there will be enough vans ready for sale to satisfy the estimated demand of the following two months. In this way they hope to have enough on display to offer prospective customers a reasonable choice. Kylie and Jed have found suitable premises with a small garage to work on the vehicles and forecourt area. The rent is 4,000 per year, payable annually in advance. They will immediately equip the garage with tools costing 1,000, which should last about four years. Other costs of running the business are estimated at 400 per month, all payables in the month that they are incurred. Kylie and Jed have scraped together 20,000 cash as initial capital, and hope that any further finance required can be provided by a temporary bank overdraft facility. They will each draw 800 from the business per month in the first year, as they feel that this is the minimum amount they can live on Independent activity (portfolio task): Based on the information given in the case study "Wonder-woman Itd" and the cash budget of it created in class, identify areas that you would bring to attention of the management of "Wonder- Woman Itd". Provide suggestions for improvement. Refer to good quality academic and professional sources in your discussion. (225 words) In-class activity - Wonder-Woman Itd For this task, use the case study "Wonder Woman Itd" provided in Week 6 section of the Moodle and its budget created in class. Kylie and Jed are planning to start a business, Wonder-Woman Itd, selling used camper vans. They will buy their stock from a hire company, recondition the mechanicals, and sell them on to young travellers who want cheap but reliable transport and accommodation. They have agreed to buy at a fixed price of 3,000 for the high mileage vans, and the sellers can supply as many as they are likely to need, at least in the short term. They plan to start the venture in January, and spend January and February preparing the first few vehicles for sale. They have then estimated as best they can the sales levels for the coming months as follows: Estimated sales in: March 2 vans April 3 vans May 4 vans June and subsequent months 4 vans The sales will all be on a cash basis for 5,000 each. Purchases of the vans will also be for cash, but the parts to recondition the mechanical bits (estimated at 400 per van) will be supplied on one month's credit. They will buy necessary parts at the same time as vans. They plan to buy 3 vans in January and build up their stock so that by the end of February and each following month there will be enough vans ready for sale to satisfy the estimated demand of the following two months. In this way they hope to have enough on display to offer prospective customers a reasonable choice. Kylie and Jed have found suitable premises with a small garage to work on the vehicles and forecourt area. The rent is 4,000 per year, payable annually in advance. They will immediately equip the garage with tools costing 1,000, which should last about four years. Other costs of running the business are estimated at 400 per month, all payables in the month that they are incurred. Kylie and Jed have scraped together 20,000 cash as initial capital, and hope that any further finance required can be provided by a temporary bank overdraft facility. They will each draw 800 from the business per month in the first year, as they feel that this is the minimum amount they can live on Independent activity (portfolio task): Based on the information given in the case study "Wonder-woman Itd" and the cash budget of it created in class, identify areas that you would bring to attention of the management of "Wonder- Woman Itd". Provide suggestions for improvement. Refer to good quality academic and professional sources in your discussion. (225 words)