Part A- Scenario based questions (explain with examples wherever possible) Assume you are an analyst, what are the key points that you will focus on a financial forecast report. Explain how organizational and statutory requirement affects the preparation and planning of budget forecast. Describe how do the costs of, and returns from, assets and liabilities influence the extent of debt and equity financing? From the information provided below about hypothetical company, collect and communicate comparative trend information from the point of view of needs for future budget and associated resources. List and explain the various steps associated with negotiations to secure resources in accordance with relevant short term and longterm needs of a company? Write down the steps associated with allocating resources against the budget to maximise organisations performance. Study the graphical illustration given below; based on that develop and review management systems which enable timely collection, management and processing of information. Describe the various steps involved in evaluating and improving budget audit mechanisms and compliance requirements? Part B- Calculations Below is the extract from the financial statement of ABC Company: Calculate: a. Debtors Ageing Ratio b. From the following figures calculate average age of creditors and creditor turnover ratio: c. Calculate inventory turnover and days inventories outstanding for ABC, Inc. based on the information given below: Accounts Receivable Opening Balance 55000 Closing Balance 45000 Credit Sales 400000 $ Creditor (closing) 54200 Bills payable (closing) 5800 Total purchases 338000 Cash purchases 28500 Purchases returns 9500 Days of year 365 Opening inventories $25,000 Closing inventories $30,000 Cost of goods manufactured $245,000 Jelly Fences has sales of $250,000; the cost of fences for the year 2016 was $78,000 and the administration costs were $12,000. The depreciation charge was $45,000 and the interest paid was $63,000. What was the profit for the year and the operating cash flows for Outback Fences if the tax rate is 30%? Required: Calculate Cash-flow for Jelly Fences for the year 2016.