Reference no: EM131123626
Artero Corporation, discussed in Problems 9 and 11, is a retailer of toy products. This is a continuation of Problem 11. The firm's management team recently extended the monthly sales forecasts through the last six months of 2012. Artero expects to spend $100,000 on fixed assets in July 2012, and depreciation charges will increase to $12,000 per month beginning in August 2012.
MONTH SALES FORECASTS ($)
July ......... 900,000
August ....... 1,100,000
September .... 1,400,000
October ...... 1,700,000
November ..... 2,800,000
December ...... 4,000,000
A. Based on your financial statement projections for the last six months of 2012, indicate (1) whether new bank borrowing will be needed to finance the seasonal sales pattern and (2) if a loan is needed, when does the need start occurring and what is the maximum amount needed?
B. Assume that sales are forecasted for the first three months of 2013 as follows: January = $3 million, February = $2 million, and March = $1 million. Will Artero be able to pay off any bank borrowing that is needed in 2012? Based on your analyses, what type(s), if any, of bank loan(s) will be needed in 2012?
|
Height of power and prestige
: In 1458 AD this Hungarian assumed the throne and brought the kingdom to its height of power and prestige. Who was it?
|
|
Estimate pharma sustainable sales growth rate based
: Estimate Pharma's sustainable sales growth rate based on its 2010 financial statements. What financial policy change might Pharma Biotech make to improve its sustainable growth rate? Show your calculations. Estimate the additional funds needed (AFN) ..
|
|
What is the german expression
: In 1867, Austria-Hungary was created. It became one of the great powers of Europe. What is the German expression for the agreement that created this Dual Monarchy?
|
|
What are two things that our skeletal system stores
: What are two things that our skeletal system stores? What type of bone cells break down bone? What type of event would cause them to break down bone? What type of bone cells form bone tissue? What event causes them to form more bone tissue
|
|
Will artero be able to pay off any bank borrowing
: ssume that sales are forecasted for the first three months of 2013 as follows: January = $3 million, February = $2 million, and March = $1 million. Will Artero be able to pay off any bank borrowing that is needed in 2012? Based on your analyses, what..
|
|
What is the proper name for the shaft of a long bone
: What is the proper name for the shaft of a long bone? All of the following facial bones are paired except one. Which of the following is the unpaired facial bone
|
|
When buda and pest joined with which third city
: The modern city of Budapest, as we know it today, formed in 1873 when Buda and Pest joined with which third city?
|
|
Write two paragraphs about it metrics- applying measurement
: Write one or two paragraphs about IT Metrics - Applying Measurement to Solving a Business Problem. Please explain how and when to use that APA function. Write an APA topic with APA citations.
|
|
Who was the first woman to successfully climb
: The Matterhorn was the last major mountain of the Swiss Alps to be climbed. Who was the first woman to successfully climb the Matterhorn in 1871?
|