+1-415-670-9189
info@expertsmind.com
What was fielding projected loss for march
Course:- Finance Basics
Reference No.:- EM13304119




Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Finance Basics

Fielding Wilderness Outfitters had projected its sales for the first six months of 2008 to be as follow:
Jan. $ 50,000
Feb. $ 60,000
Mar. $ 100,000
April $ 180,000
May $ 240,000
Jun $ 240,000

cost of goods sold is 60% of sales. Purchases are made and paid for two months prior to the sale. 40% of sales are collectd in the month of the sale, 40% are collected in the month following the sale, and the remaining 20% in the second month following the sale. Total other cash expenses are $40,000/month. the company's cash balance as of March 1st, 2008 is projected to be $ 40,000, and the company wants to maintain a minimum cash balance of $15,000. Excess cash will be used to retire short term borrowing ( if any exists). Fielding has no short term borrowing as of March 1st, 2008. Assume that the interest rate on short term borrowing is 1% per month. What was Fielding's projected loss for March?

a/ $84,000
b/ $110,000
c/ $184,000
d/ none of above

 




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Finance Basics) Materials
Supposing that the stocks split will have no effect on the total market value of its equity, what will be the company's stock price following the stock split?
Duck Inc, a company based in Oracabessa borrowed USD 50 Milion. from a syndicate of banks at rate of 6% p.a. for one year. At the time of the loan, the spot exchange rate of t
You received a call from Austin Anderson on behalf his company, Windfall Inc., a local manufacturer of parasailing equipment. Windfall Inc. is managed by Austin. He also own
straight line depreciation to zero over the 3 year life; zero salvage value; price =$34.99; variable costs=$23.16; fixed costs=$245,000; quantity sold=94,500 units; tax rate
Recommend a strategy for financial administrators to balance the tension between having inventory on hand when it is needed versus the carry cost to the organization. Provid
To test this, a consumer group found the cost of maintaining 10 cars for a year, and the mean saving was €79 with a standard deviation of €20. What does this say about the m
Using the most recent index, which country has the most expensive Big Macs? Which country has the cheapest Big Macs? Why is the price of a Big Mac not the same in every coun
XYZ Motors just issued 225,000 zero coupon bonds. These bonds mature in twenty years, have a par value of $1,000, & have a yield to maturity of 7.45%.