The group is given P1,000,000 theoretical working capital, at the rate of 3% lending rate, formulate credit policies to enable the group to prepare the following: a. Sales forecast b. Production forecast c. Projected Income Statement You are expected to operate for 3 cycles. This is a group activity, but you are rather required to do an individual submission. The group leader will email me also the group's answer. The leader will enumerate the group member's name. All groups are encouraged to apply creativity in the formulation of the policies. Ranking of the profit will be done.

1st rank - 50 pts.

2nd rank - 45 pts.

3rd rank - 40 pts.

beyond 3rd rank 35 pts.