Luague, Ma. Cristine Joy A.; Valencia, Ma. Elena Carmela B.; Perez, Ysabel Franchesca B.; Manebo, Patricia Mariz M.; Alegria, Irene M.; Apud, Trishia Marie C.; Argana, Anne Seychelle S.; De Jesus, Patricia Anne C.; Escota, Candice Loveney C.; Llaneta, Shariffa Kristine M. and Villapando, Klarisse M.
A strategic financial plan for D.M. Wenceslao and Associates, Inc - Financial Plan: (BSBA Major in Financial Management) - Pamantasan ng Lungsod ng Maynila, 2019.
EXECUTIVE SUMMARY: D.M. Weceslao & Associates, Incorporated (DMWAI) was established on April 7, 1065. It vwas founded by Engr. Delfin M. Wenceslao with the main purpose of offering a wide range of construction related services that involve site and land development, land reclamation and real estate development. DMWAI has a present net worth of Php2,907,000.00 and is a large-scale corporation with 156 permanent employees/ Total Assets of Php29,050,602,055 and Working Capital amounting to Php2,907,026,510. This research aims to provide solutions in improving the entity’s deficient collection of contracts receivables through enhancing the entity’s credit policy, aiding the entity’s difficulty in completing a project, improving the entity’s credit and collection policy, increasing the cash and cash equivalents by 40% in the next 5 years and to complete projects on time. The company find it difficult to aid their inefficient collection of contracts receivables and completion of their projects on time. This leads the entity to rely on debt financing for their day to day operating expenses. Their financial ratios generally indicate that they are having problems with their unstable liquidity ratios. They have inadequate cash on hand that further shows their liquidity and efficiency problems. They also have an increasing number of receivables and it takes too long to be collected thus resulting to insufficient funds. Their lack of having current assets results to delay in the completion of their projects. After evaluating and anbalyzing the alternative courses of action based on the criteria and objectives, the researchers propose imposing an Interim Certificate to Construction Contracts to help with their difficulties in collection of the growing amount of contracts receivable. The company is allowed to issue an interim certificate indicating a milestone reached with the construction of a project. Along with this certificate, a partial invoice indicating partial payment based on the terms between the client and the company. Each time a milestone is reached during the construction, a partial payment shall be made by the client to the company. Implementation of this course of action makes collection of the receivable easier and faster. It also allows the company to use the partial payments as additional funds to use during the construction of a project which prevents the accumulation of delinquent payments after the completion of a project, pay their obligations on due, enhance the entity’s credit and collection policy and provides additional cash therefore meeting the criteria set by the researchers.
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EXECUTIVE SUMMARY: D.M. Weceslao & Associates, Incorporated (DMWAI) was established on April 7, 1065. It vwas founded by Engr. Delfin M. Wenceslao with the main purpose of offering a wide range of construction related services that involve site and land development, land reclamation and real estate development. DMWAI has a present net worth of Php2,907,000.00 and is a large-scale corporation with 156 permanent employees/ Total Assets of Php29,050,602,055 and Working Capital amounting to Php2,907,026,510. This research aims to provide solutions in improving the entity's deficient collection of contracts receivables through enhancing the entity's credit policy, aiding the entity's difficulty in completing a project, improving the entity's credit and collection policy, increasing the cash and cash equivalents by 40% in the next 5 years and to complete projects on time. The company find it difficult to aid their inefficient collection of contracts receivables and completion of their projects on time. This leads the entity to rely on debt financing for their day to day operating expenses. Their financial ratios generally indicate that they are having problems with their unstable liquidity ratios. They have inadequate cash on hand that further shows their liquidity and efficiency problems. They also have an increasing number of receivables and it takes too long to be collected thus resulting to insufficient funds. Their lack of having current assets results to delay in the completion of their projects. After evaluating and anbalyzing the alternative courses of action based on the criteria and objectives, the researchers propose imposing an Interim Certificate to Construction Contracts to help with their difficulties in collection of the growing amount of contracts receivable. The company is allowed to issue an interim certificate indicating a milestone reached with the construction of a project. Along with this certificate, a partial invoice indicating partial payment based on the terms between the client and the company. Each time a milestone is reached during the construction, a partial payment shall be made by the client to the company. Implementation of this course of action makes collection of the receivable easier and faster. It also allows the company to use the partial payments as additional funds to use during the construction of a project which prevents the accumulation of delinquent payments after the completion of a project, pay their obligations on due, enhance the entity's credit and collection policy and provides additional cash therefore meeting the criteria set by the researchers.
5
academic writing
A strategic financial plan for D.M. Wenceslao and Associates, Inc - Financial Plan: (BSBA Major in Financial Management) - Pamantasan ng Lungsod ng Maynila, 2019.
EXECUTIVE SUMMARY: D.M. Weceslao & Associates, Incorporated (DMWAI) was established on April 7, 1065. It vwas founded by Engr. Delfin M. Wenceslao with the main purpose of offering a wide range of construction related services that involve site and land development, land reclamation and real estate development. DMWAI has a present net worth of Php2,907,000.00 and is a large-scale corporation with 156 permanent employees/ Total Assets of Php29,050,602,055 and Working Capital amounting to Php2,907,026,510. This research aims to provide solutions in improving the entity’s deficient collection of contracts receivables through enhancing the entity’s credit policy, aiding the entity’s difficulty in completing a project, improving the entity’s credit and collection policy, increasing the cash and cash equivalents by 40% in the next 5 years and to complete projects on time. The company find it difficult to aid their inefficient collection of contracts receivables and completion of their projects on time. This leads the entity to rely on debt financing for their day to day operating expenses. Their financial ratios generally indicate that they are having problems with their unstable liquidity ratios. They have inadequate cash on hand that further shows their liquidity and efficiency problems. They also have an increasing number of receivables and it takes too long to be collected thus resulting to insufficient funds. Their lack of having current assets results to delay in the completion of their projects. After evaluating and anbalyzing the alternative courses of action based on the criteria and objectives, the researchers propose imposing an Interim Certificate to Construction Contracts to help with their difficulties in collection of the growing amount of contracts receivable. The company is allowed to issue an interim certificate indicating a milestone reached with the construction of a project. Along with this certificate, a partial invoice indicating partial payment based on the terms between the client and the company. Each time a milestone is reached during the construction, a partial payment shall be made by the client to the company. Implementation of this course of action makes collection of the receivable easier and faster. It also allows the company to use the partial payments as additional funds to use during the construction of a project which prevents the accumulation of delinquent payments after the completion of a project, pay their obligations on due, enhance the entity’s credit and collection policy and provides additional cash therefore meeting the criteria set by the researchers.
5
EXECUTIVE SUMMARY: D.M. Weceslao & Associates, Incorporated (DMWAI) was established on April 7, 1065. It vwas founded by Engr. Delfin M. Wenceslao with the main purpose of offering a wide range of construction related services that involve site and land development, land reclamation and real estate development. DMWAI has a present net worth of Php2,907,000.00 and is a large-scale corporation with 156 permanent employees/ Total Assets of Php29,050,602,055 and Working Capital amounting to Php2,907,026,510. This research aims to provide solutions in improving the entity's deficient collection of contracts receivables through enhancing the entity's credit policy, aiding the entity's difficulty in completing a project, improving the entity's credit and collection policy, increasing the cash and cash equivalents by 40% in the next 5 years and to complete projects on time. The company find it difficult to aid their inefficient collection of contracts receivables and completion of their projects on time. This leads the entity to rely on debt financing for their day to day operating expenses. Their financial ratios generally indicate that they are having problems with their unstable liquidity ratios. They have inadequate cash on hand that further shows their liquidity and efficiency problems. They also have an increasing number of receivables and it takes too long to be collected thus resulting to insufficient funds. Their lack of having current assets results to delay in the completion of their projects. After evaluating and anbalyzing the alternative courses of action based on the criteria and objectives, the researchers propose imposing an Interim Certificate to Construction Contracts to help with their difficulties in collection of the growing amount of contracts receivable. The company is allowed to issue an interim certificate indicating a milestone reached with the construction of a project. Along with this certificate, a partial invoice indicating partial payment based on the terms between the client and the company. Each time a milestone is reached during the construction, a partial payment shall be made by the client to the company. Implementation of this course of action makes collection of the receivable easier and faster. It also allows the company to use the partial payments as additional funds to use during the construction of a project which prevents the accumulation of delinquent payments after the completion of a project, pay their obligations on due, enhance the entity's credit and collection policy and provides additional cash therefore meeting the criteria set by the researchers.
5
academic writing