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Dutch Glass Company is in the business of manufacturing glass for residential home construction. In recent years, the company has suffered working capital problems caused by plant asset acquisitions and the increase of receivables due to the economic downturn and slower-paying contractors. The president, John Dutch, has tried to increase working capital by borrowing money; however, because of their deteriorating financial condition, they have been unsuccessful. The loan officer at their current bank has explained that no additional loans will be approved until they demonstrate the ability to generate positive cash flows.
John considers the problem and suggests to you that to generate positive cash flows, the company could sell some of its accounts receivable and liquidate much of its raw material. These actions would be detrimental to net income but would generate a positive cash flow.
What are the ethical issues related to John's ideas?As the CFO for Dutch, how would you respond to John?
As of December 31, 2010, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of 2010, there was $2,000 of materials on hand. During the year, the company purchased $305,000 of materials;
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Determine the proper balance sheet presentation and amounts for the above items.
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An owner decides that he wants to go ahead with manufacturing; he must spend $900,000 for the new equipment-Calculate the NPV for this project. Should it be undertaken?
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