Short-term financial planning

1. What are the objectives of short-term financial planning?

2. What are seasonalities, and what role do they play in short-term financial planning?

3. Why is it important to distinguish between permanent and temporary shortfalls?

Your firm purchases goods from its supplier on terms of 3∙15, net 40.

a. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 40?

b. What is the effective annual cost to your firm if it chooses not to take the discount and makes its payment on day 50?

Solution:

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