Zaman Silam Bhd have 500 employees with an average salary of $3,000 per month: Financial Management, Case Study, UTM, Malaysia
| University | Universiti Teknologi Malaysia (UTM) |
| Subject | Financial Management |
Question 2
Zaman Silam Bhd have 500 employees with an average salary of $3,000 per month. Their average age are 30. The company is planning to start an Endowment scheme as the company pension scheme for all the company’s employees. The period of investment is expected to be for 30 years before the first batch of employees will go for retirement.
The company is going to set aside a salary deduction system to deduct 50% of the required installment for the endowment scheme. The installment payment will be invested in the endowment scheme with a target to achieve a capital endowment sufficient to generate income to take care of the pension payment at 50% of the last drawn salaries expected to average at RM10,000 in 40 years time. A fund management with a good reputation had assured that the endowment fund will generate an average return at 6% per annum.
- Estimate the monthly installment required by the company to the endowment fund.
- How much will each employee will have to contribute monthly to the pension fund.
- If each employee has an option to join the fund or to create their own investment fund, what would be your choice and why?
Stuck in Completing this Assignment and feeling stressed ? Take our Private Writing Services.
Get Help By Expert
Looking for assistance with your Financial Management Case Study in Malaysia? Our assignment helper in Malaysia service is here for you. Malaysian students can rely on us to do my assignment for me and provide expert thesis helper Online Service. Pay our professionals to excel in your coursework and thesis writing. We ensure top-quality support tailored to your academic needs, helping you achieve success effortlessly.
Recent Solved Questions
- Organizational Behaviour Assignment, UiTM, Malaysia Organisational behaviour can be termed as the investigation of the behaviour of human beings in various settings of organisation
- AC4012: Introduction to Financial Accounting Assignment, SC, Malaysia Identify any TWO stakeholders of the company who have decision-making power, and provide an example of a decision
- ACW410: Integrated Case Study, USM, Malaysia The airport is a publicly listed company that renders airport-related services in a Southeast Asian Country
- CDAD 2103: Methodology of information system development Assignment, OUM, Malaysia To help cope with the social distancing measures put in place in flattening the curve of COVID-19
- Business Research Method Dissertation, MUM, Malaysia What is the impact of Corporate Governance Practices on the Organisational Reputation of SMEs in Malaysia
- Teacher Trainees Thesis, UON, Malaysia Teaching English as A Second Language provides trainee teachers with various language theories
- Information Technology Assignment, OUM, Malaysia Information and Technology (IT) development and sophistication are viewed as significant phenomena that have a significant
- BMNG254: Diploma In Business Administration Assignment, LUC, Malaysia Identify the steps of the quantitative analysis approach and Describe three categories of business analytics?
- LAW034: Introduction to Legal Theories Assignment, UiTM, Malaysia You are the renowned constitutional law expert in the country and have a column in a local daily
- MQB7006: Principles of Biostatistics Assignment, UM, Malaysia Describe your statistical analysis plan., data cleaning, and data analysis. Provide cross-tabulation between sociodemographic
