The company financial management office is preparing the business plan for the year ending 30 September 2022 and, to this end, the following expected quarterly financial data has been gathered from the business functional managers: Q1 02 Q3 04 31 Dec 21 31 Mar 22 30 Jun 22 30 Sep 22 E E E E Sales 60,00 30,000 107.000 71,800 Purchases 33.900 35.000 38,000 33.000 Other operating expenses 19.300 28.900 44.100 24.200 Foxed assets 72,000 72.500 80,000 77,500 Inventory 6.000 6,200 5.500 5.200 Accounts receivable 6,100 7.000 7.000 7.500 Bank (Overdraft) (5.000) (4.100) 1.300 1.900 Accounts payable 2,800 3.000 3.000 5,000 Long-term loans 21.000 22.000 25,000 22.000 Other data At 30 September 2013 The inventory valuation is 4,500 The Miss Kiara capital account balance is 62,000 It is expected that, for the year to 30 September 2022, Miss Klara will withdraw 3.000 per month from the business for personal use (Le drawings) Assignment requirements: a. Explain the importance of financial technologies (FinTechs) in financial planning. (This should be done using "Word document with no more than 200 words) 20% FP&SA Assignment 2021 (Individual) - Page 4