Manage Small Business Finances

Lecture Assessment 2
Individual Activities
Unit: BSBSMB421Manage small business finances
Qualification: BSB42618 Certificate IV in New Small Business
Training
Package: BSB Business Services
Due date: Week 7 Assessment Type:
Individual activities
Student name: Student
No:
By submitting this Assessment I acknowledge my understanding
of plagiarism
Plagiarism
All work must be done individually. Copied work will not be accepted and
could lead to an “academic non-performance” rating. Plagiarism by a
student will result in an automatic ‘NYS’, and as well as being recorded,
may result in further disciplinary action such as a student’s exclusion from
a course. Plagiarism is presenting and using someone else’s work,
writings or ideas as your own with or without their consent.
V2019.2
/tmp/tmpczd9of663426053_872215283_987262.doc
Page 1 of 25
RTO 90982
CRICOS 02599C

Assessment submission rules and conditions
I have read and agree to the assessment guidelines conditions below.
1. The purpose of this activity is to assess your knowledge and skills of the unit.
2. If you have any considerations that may affect your performance in the
assessment please inform your assessor immediately. Your assessor will
provide you with a suitable alternative to complete this assessment.
3. To gain competency for this assessment, demonstrate competency in activity
tasks by the due date.
4. Student downloads the assessment through Moodle.
5. Student completes the assessment cover page ensuring they have written
their name and student number. Online submission opens one week prior to
due week and cut off date is set on Saturday at 11:55pm in the week of due
date.
6. In case of late submission, the student is only able to submit the assessment
with permission. The Student is first required to see student services and
make late submission fee payment before submitting the assessment after
due date. The student service officer issues the receipt and student is
required to see Trainer to submit the assessment. The trainer will grant
extension on Moodle for the student to re-submit their assessment.
7. The student will receive results within 2 weeks from due week, resulting in a
determination of Satisfactory (S) or Not Yet Satisfactory (NYS) for the task and
this result will be displayed on Moodle.
8. In case of ‘NYS’ (not yet satisfactory) result of the assessment, the student is
given an opportunity to re-attempt and submit the assessment by an agreed
date with their assessor or as soon as possible within the duration of the unit.
The trainer will grant extension on Moodle for the student to re-submit their
assessment, cut off date of re-submission is Saturday at 11:55pm in week 8.
Re-attempted assessments submitted during the term will not incur penalty.
9. The re-attempted work must address the specific performance tasks beyond
doubt for the assessor to issue a satisfactory (S) result. The system allows the
student to re-attempt online two times within the duration of the unit. Student
is required to meet their assessor before submitting the third re-attempt. The
assessor will grant extension manually only by request. A repeat NYS outcome
could lead to an administration fee.
10.Any re-submission or late submission occurring during week 8, the student is
required to see trainer before submitting the late or re-assessment. The
trainer will grant extension on Moodle by request only and the submission will
be closed on Saturday at 11:55pm in week 8.
V2019.2
/tmp/tmpczd9of663426053_872215283_987262.doc
Page 2 of 25

11.Any re-submission or late submission occurring during week 9, the student is
required to see trainer before submitting the late or re-assessment. The
trainer will grant extension on Moodle by request only for 15 minutes.
Therefore students should be ready to submit their assessment before going
to see the trainer.
12.All work must be done individually. Copied work will not be accepted and
could lead to an academic "non-performance” rating. See below about
Plagiarism.
Plagiarism
Plagiarism by a student will result in an automatic ‘NYS’, and as well as being
recorded, may result in further disciplinary action such as a student’s
exclusion from a course. Plagiarism is presenting and using someone else’s
work, writings or ideas as your own with or without their consent.
Some examples of plagiarism as follows
 Presenting work by another individual as one’s own unintentionally
 Handing in assessments markedly similar to or copied from another
student
 Handing in assessments without the sufficient acknowledgement of
sources used, including assessments taken totally or in part from the
Internet
13.Appeal process - If you feel the decision made by your assessor was incorrect
please refer to your Student Handbook for information on assessment appeals
for the required steps to appeal this decision. Download the assessment you
want to appeal and complete the appeal box in Feedback Evaluation Sheet by
signing as to whether you wish to appeal. You are required to hand the hard
copy in to student services.
Submission requirements
If an assessment is not submitted in accordance with the submission
requirements then it will be deemed as being non-compliant. Non-compliant
submissions result in pending on being marked and /or recorded NYS.
 All submissions must be done by PDF file. The Student is required to
convert word file assessments, PowerPoint presentation and other
attachments to PDF before submitting unless the evidence is required to
submit its original format (eg. word or excel).
 The first page in the file must be cover page. Both the cover page must
contain student name and student number.
 The Student is allowed by default to upload up to five documents on each
submission. You must upload each file separately. You must not upload zip
file.
 Submissions from overseas are not allowed as students are required to be
in Australia to attend their regular classes.
V2019.2
/tmp/tmpczd9of663426053_872215283_987262.doc
Page 3 of 25

Late submission
Late submission arises in two cases.
1. Student does not submit the assessment in time because of their own
fault. In this case, the student is required to make late submission fee of
$50 before submitting the assessment after the due date.
2. Student has approved leave. In this case, the student is exempted from
the late submission fee payment. The student is required to show their
deferment approve letter from the college to their trainer. The trainer will
re-open the submission on Moodle for the student.
I have read and agree to the assessment guideline conditions above
V2019.2
/tmp/tmpczd9of663426053_872215283_987262.doc
Page 4 of 25

Assessment Instructions:
Read all the following questions carefully and write down your
answers neatly and clearly in the spaces provided.
1. What does desired net profit target mean?
Target net profit is the profit goal set by the organisation. It is the
predetermined point where the investor may exit the trade in the
profitable position. It is the part of various trading strategies that is used
by investors as well as the technical traders for managing the risk. Target
profit can be determined at different point of the investment. Some of the
trading strategies integrate the target profit with the initial order. In case
of other investors the investor may use the conditional order for setting up
the target profit after looking into certain expenses.
2. If you have $100,000 to invest in a business and the current bank
deposit rate is 5%, calculate the net profit target if the premium is
15% and your current rate of pay is $70,000.
Amount to be received from bank deposit = 100000 * 5% = $ 5000
Premium is = $ 100,000 *15% = $ 15,000
shortfall = (15000 – 5000) = 10000
Net profit target will be = $ 70000 + $ 10000 = $ 80000
V2019.2
/tmp/tmpczd9of663426053_872215283_987262.doc
Page 5 of 25

3. Read the scenario below and answer the questions that follow.
You have $150,000 available for investing into your company. The risk premium
for your organisation is 14%. Bank deposit rates available are:
 RaboDirect 6.40%,
 ING Direct 6.25%
 ANZ Online saver 6.00%
Choose and highlight one bank’s rate and then, based on this rate, calculate
a. How much money would you have after a year of keeping $150,000 in the bank?
Money to be received after keeping for 1 year in RaboDirect = $ 150000 + ($
150000 * 6.40%)
= $ 174,600
b. The minimum desired rate of return on investment
Minimum desired rate of return = organisation’s risk premium = 14%
c. The minimum desired net profit target for the year to make investing in your company
a worthwhile investment.
Minimum desired return = $ 100000 * 14% = $ 14000
d. You need to decide whether you should invest your money in this new
organisation or put it in a much safer investment such as a bank term
deposit.
Explain what would be the reason behind your decision.
V2019.2
/tmp/tmpczd9of663426053_872215283_987262.doc
Page 6 of 25