Course
Treasury Management (FIN3703)
Institution
University Of South Africa (Unisa)
Book
Corporate Treasury and Cash Management
FIN3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE 7
September 2024 ; 100% TRUSTED Complete, trusted solutions and
explanations
Dalton Ltd – is the third largest South African manufacturer of high-quality
JoJo tanks with its head offices situated in Midrand. The company owns four
branches: one in Naturena, the second in Ennerdale, the third in Pachuca and
the fourth in Roodepoort. Although the market for JoJo tanks has been
expanding extremely well, Dalton could not share in this growth due to the
technical challenges experienced with the current machine. To increase
production and sales, the company is considering embarking on an extensive
marketing campaign, offering better credit terms and replacing the current
injection moulding machine with a more technically advanced model which will
cost the company R3 000 000. In funding the replacement project, a five-year
loan will be raised from standard bank at a floating interest rate of 11.75% per
annum. The replacement requires that the company increases its working
capital by R240 000. In financing the working capital, the company will secure
a total revolving credit loan with a limit of R240 000 from Capitec bank, at a
floating interest of 12.2% per annum. DALTON Ltd TREASURER As a Unisa
final year treasury management student, you have been appointed as a
treasurer by Mac Rebert, the chief executive officer (CEO) at Dalton Ltd head
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