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COMPANY

COMPANY. Client’s Profile:. COMPANY NAME : BUENO FOTO STUDIO COMPANY DESCRIPTION : Our studio takes pride in classic portraiture and wedding photo coverage. Our Services: - Family Portraiture - Classic Solo Portraiture - Wedding Portraiture and events coverage - Graduation Portraiture

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COMPANY

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  1. COMPANY

  2. Client’s Profile: COMPANY NAME : BUENO FOTO STUDIO COMPANY DESCRIPTION : Our studio takes pride in classic portraiture and wedding photo coverage. Our Services: - Family Portraiture - Classic Solo Portraiture - Wedding Portraiture and events coverage - Graduation Portraiture - ID pictures - Visa pictures

  3. Photographer Duties I. Statement of the Problem A photographer is planning to put up a small photo studio in his town. However, he is so worried that this kind of business might not be patronized well by his neighborhoods. This photographer is not a risk taker but he wants to put up this business to share his craft to his future customers. Thus, he is thinking if he will buy all the photography paraphernalia or he will just lease. What is the best option you could provide to this type of client and in what payment scheme?

  4. Photographer Duties II. Objectives To provide the appropriate decision whether to rent a studio or to buy a land; To provide the most affordable payment scheme for the client; and To provide appropriate leasing for the photography paraphernalia.

  5. III. METHOLOGY A Client would like to buy a land to put up a business for photography The client status is an entry level; hence the client is not a risk taker and wants to have a photography studio that fits to the client preferences. Client would like to pay by monthly. After reviewing their request our company recommend that the loan must be payable in compound interest payment scheme. Definition of Payment Scheme  The problem calls compound interest because the client is not a risk taker, he wants to have a small business

  6. Client is requesting to loan a total of Php 500,000. This amount is included from leasing machine that the client needs. As approved by our company manager, the client will pay a 8% compounded monthly. The loan is payable in 2 years and the client will pay their due every end of the month. COMPUTATION: S = P(1+i)n S = Php 500,000 (1+6.6667…)24 S = Php 500,000 (1.0066667…)24 S = Php500,000 (1.17288…) S= Php 586,443.97

  7. III. METHOLOGY B.Client would like to rent a photography studio and equipments. During the clients rent application they stated that they are interested to lease (a) studio equipments and (b) studio space . This was approved by our company manager and the client was informed that the charged for the rental is Php 400,000. a. Definition of Payment Scheme In this case the client will rent a space and equipment for the client business. The payment is scheme is ordinary annuity; An ordinary annuity is a series of equal payments made at the end of each period over a fixed amount of time. While the payments in an annuity can be made as frequently as every week, in practice, ordinary annuity payments are made monthly, quarterly, semi-annually or annually. This willapply by monthly payment of the client.

  8. b. Computation The client agrees to pay Php 400,000 worth of a 2 years rental contract of the equipment and studio space. As approved by our company manager, the client will pay a 5% compounded monthly.

  9. Rn = Ani/(1+i)n – 1 Rn = (12,900)(.004166..)/(1+ 4.166667)24 -1 Rn = (53.75)/ (1.0041666…)24 -1 Rn = (53.75)/ (1.104941…) -1 Rn = (53.75)/ (0.1049413356) Rn = Php 512.20

  10. IV. Conclusion Based on the client's capacity to pay their dues and client's request our company arrived in these conclusions: A. Php 500,000 Loan Our company's decision is to implement a compound interest payment scheme for our client to pay their Php 500,000 loan. The client will have a monthly due Php 24,435.17 if they will decide to start their payment after three months of receiving their loan. This monthly payment will yield to Php586,443.97 after 2 years. Thus our company's profit is Php 86,443.97. B. Php 400,000 Rent Agreement Our company decided to implement the ordinary annuity as the payment scheme for rental for 2 years. This will result to Php 12,900 client's monthly rent. After two years of rental the clients total payment is Php 309,600

  11. C. Total Company’s Profit In the above information, our company’s total profit after 2 years from this client will be Php. 86,443.97 in the client's final decision is to have 2 years period of compound interest for their loan. And in the other hand if the client will decide to have 2 years period of Ordinary annuity for the rental of studio equipments, our company's profit Php. 90,400

  12. V.Recommendations After thorough investigation, our company strongly recommends these: Compound Annuity is the appropriate payment scheme if the client is a not a risk taker and new entry in the market. It benefits the company and the client as well; simple ordinary annuity is the appropriate payment scheme if the client and the company go on a rent agreement; the very important matter is that we meet the client 's satisfaction among others; We need to ensure that while giving client's status or capacity must not put the company's profit at risk; and it is essential to understand and to analyze client's ability and capacity for both parties to have a clear

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