Dividends Policy Causes and Consequences Paper Hi I need help to solve my assignment which It about advance financial management Task 1 it should cover

Dividends Policy Causes and Consequences Paper Hi

I need help to solve my assignment which It about advance financial management

Task 1 it should cover

I want task number 1

# Introduction

-Dividend Policy

# Factors Influence dividend Police

# Determination of dividend Policy

# Determinations of decision to pay dividend

# Conclusion

#References

Task 2 it will be shown in the below attachment

Also you will find the whole assignment requirements in the attachment

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# Introduction
-Dividend Policy
# Factors Influence dividend Police
#Determination of dividend Policy
# Determinations of decision to pay
dividend
# Conclusion
#References
Task 2 you can follow as per the picture
says which it will be attached below
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translating from one language to another or unacknowledged paraphrasing. Further examples of
plagiarism are given below:
Use of any quotation(s) from the published or unpublished work of other persons, whether published
in textbooks, articles, the Web, or in any other format, which quotations have not been clearly
identified as such by being placed in quotation marks and acknowledged.
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look different from the original.
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reference to that person in the text and the source in a bibliography or reference list.
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Software.
Pg. 8 Version 1
a) Using a relevant/opportunity cost approach, prepare a revised cost estimate for the contract in
the light of the above information.
(15% marks)
b) For each item of cost referred to in the question, clearly explain your reasoning behind its inclusion
in (or omission from) your estimate in a) above.
(20% marks)
c) On the basis of your estimate in a) above, state whether the company should tender for this
(5% marks)
d) What other considerations should be taken into account in deciding whether to tender for this
(10% marks)
contract.
contract?
(Total 50%)
***END OF ASSIGNMENT TASK***
1. Type A material is already in stock and originally cost OMR 8,000. The material is not in
common use and would realise about OMR 6,000 if sold. If Material A is not used on this
contract, all of the material could be used later in the year as a substitute for the material
that currently costs 30% less than A’s original price,
2. Type B material is regularly used by the company. The order for Type B material was placed
twelve days ago and cannot be cancelled anymore. Due to a world-wide shortage which is
expected to continue for the foreseeable future, Material B’s price has increased by 50% since
the order was placed. Material B could be sold at this new higher price (after deducting 15%
selling costs) to a competitor who urgently needs this material. Alternatively, it can be used
on other contracts later in the year.
3. A team of semi-skilled staff would be recruited locally, specifically for the duration of this
contract. The wages of these semi-skilled staff will amount to a total of OMR 17,000. Skilled
staff would also need to be reallocated to this contract from within the company. These skilled
staff already work for the company and are currently being paid although there is very little
work for them to do. The estimated wages for these workers for the period of the contract
are OMR 10,000. On top of this re-allocation of skilled staff, it is estimated that a further OMR
3,000 overtime need to be incurred by specialist employees who are currently fully employed
on the other jobs within the company.
4. The management accountant has calculated variable overheads for the contract using the
company’s standard policy of 10% of direct labour cost. However, the project manager has
estimated that, due to the unique nature of this work, the actual variable overhead arising as
a result of the contract is likely to be about OMR 4,750.
5. The equipment to be used on the contract cost OMR 180,000 when it was purchased in May
2011. It was planned to keep it for ten years after which its scrap value was expected to be
OMR 30,000. The depreciation charge in the cost estimate is based on this data. At present,
the equipment is worth OMR 45,000. If used on the contract, its current value is likely to
decline to approximately OMR 40,000. Turki Construction Ltd has no further use for the
equipment and if the contract is not accepted they would sell it now.
6. The new contract is so specialised that it has now been realised that one of the two
supervisors will have to be recruited from a competitor. She is expected to be paid a premium
salary of OMR 5,000 per month. The second supervisor, who is currently paid OMR 4,000 per
month, can be temporarily transferred from another department. However, he will only
transfer to the project if he is incentivised by means of a one-off bonus payment of OMR 800.
His current role will be filled by a temporary upgrading of an existing worker which it is
estimated to cost an additional OMR 400 per month.
7. The management accountant has allowed fixed overheads for the contract using the
company’s pre-determined policy of 40% of direct labour cost. The general fixed overhead
similar fixed costs. However, it is anticipated that this additional contract would cause general
absorption rate is calculated based on budgeted rent, rates, insurance, general expenses and
expenses to increase by OMR 750 per month for the duration of the contract.
Required:
Assessment Task
This coursework contains two tasks. Read carefully each task and prepare the necessary
requirements.
Task 1
Dividend policy in a unique environment, Oman, where (1) firms distribute almost 100% of
their profits in dividends, (2) firms are highly levered mainly through bank loans, and (3) there are no
income nor capital gains taxes. There are some common factors that determine dividend policy of
both financial and non-financial firms and there are some factors that affect only non-financial firms.
The factors that influence the probability to pay dividends are the same factors that drive the amount
of dividends paid for both financial and non-financial firms.
Required:
Critically evaluate the various factors that influence the dividend policy of both financial and non-
financial firms. Support your answer with appropriate arguments.
(50% marks)
Task 2
Turki Construction Ltd is considering tendering for a contract which would take three months
to complete. It is felt that tenders over OMR 80,000 are extremely unlikely to be successful. The
company is in a specialised, highly-competitive market and new contracts are difficult to win and
keep. If the contract is taken, Turki Construction Ltd still expects to complete its other current
contracts. The management accountant has submitted the cost estimate in below:
OMR
Direct materials
Type A (already in stock)
8,000
Type B (firm order placed)
6,000
Type C (not yet ordered, shown at current purchase price)
5,000
Direct labour
30,000
Other costs:
Variable overheads
3,000
3,750
Depreciation of equipment (straight-line basis)
Supervisors’ salaries (Two supervisors @ OMR 4,000 each per month)
24,000
(Two supervisors @ OMR 4,000 each per month)
12,000
General fixed overheads
91,750
TOTAL COSTS
Additional information related to the aforementioned costs is given below:
Pg.4 Version 1
4
in academic ???? ??????
GULF COLLEGE
affiliation with
Cardiff Prihegal
Metropolitan Metropolitan
University Caerdydd
FACULTY OF BUSINESS AND MANAGEMENT STUDIES
UNDERGRADUATE BUSINESS PROGRAMME
ACADEMIC YEAR 2018-2019, 2nd Semester
July – 2019
Writ1
Programme Title: Accounting & Finance
Module Title: Advanced Financial Management
Module Code: GAA6004
Assessment Method: Coursework
Level: 6
Block: 1
Module Credits: 20
Weighting: 30%
Due Date: 30-Apr-2019, 12:00 AM Word Count: 2,000
Examiner(s): Mr. Abdul Samad Khan
Version: 1

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