A firm has targeted a 20% growth in sales this year. Last ye…
A firm has targeted a 20% growth in sales this year. Last year’s cash as a percent of sales was 10%, accounts receivable 30%, and inventory 25%. What percentage growth in current liabilities is required to support the growth in sales under the percent-of-sales forecasting method?
Read DetailsIf projected net cash outflow for January is ($6,500), the b…
If projected net cash outflow for January is ($6,500), the beginning cash balance is $16,000, the minimum cash balance is $5,000, and the beginning loan balance is $4,500, what will be the cash balance on the pro forma cash budget at the end of January?
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