INTERMEDIATE FINAN...-MINDTAP(1 TERM)
INTERMEDIATE FINAN...-MINDTAP(1 TERM)
14th Edition
ISBN: 9780357516720
Author: Brigham
Publisher: CENGAGE L
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Chapter 21, Problem 16MC

p)

1)

Summary Introduction

Case summary:

Chief financing officer of Company RR, a speciality coffee manufacturer, is re-thinking about its working capital policy and wants to re-new its line of credit and it wouldn’t ready to build payroll, probably forcing the company out of business.

The scare has forced the company to examine carefully about each component of working capital to make sure it is required, and decide whether the goal is to determine the line of credit are often eliminated entirely.

Previously, it has done little to look at assets and mainly because of poor communication among business functions and the decisions about working capital cannot be made at vacuum.

To discuss: Facts revealed by cash budget regarding the target cash level.

2)

Summary Introduction

To discuss: Whether depreciation expenses be explicitly included in company’s cash budget or not.

3)

Summary Introduction

To discuss: Other potential cash inflows other than collections.

4)

Summary Introduction

To discuss: The way of incorporating interest earned or paid on loans or short term securities into cash budget.

5)

Summary Introduction

To discuss: Opinions of person J on bad debts and sales are realistic or not and the way bad debts deal with in a cash budgeting sense.

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Chapter 21 Solutions

INTERMEDIATE FINAN...-MINDTAP(1 TERM)

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