• Welcome To Perfect Grade
Order Now

CEO of Marvel’s Renovations

  • April 19, 2021
  • Manyara2021
  • 2055

Start with the partial model in the file attached. Marvel Pence, CEO of Marvel’s Renovations, a custom building and repair company, is preparing documentation for a line of credit request from his commercial banker. Among the required documents is a detailed sales forecast for parts of 2020 and 2021:
Sales Labor and Raw Materials
May, 2020 $75,000 $80,000
June, 2020 $115,000 $75,000
July, 2020 $145,000 $105,000
August, 2020 $125,000 $85,000
September, 2020 $120,000 $65,000
October, 2020 $95,000 $70,000
November, 2020 $75,000 $30,000
December, 2020 $55,000 $35,000
January, 2021 $45,000 N/A
Estimates obtained from the credit and collection department are as follows: collections within the month of sale, 20%; collections during the month following the sale, 60%; collections the second month following the sale, 20%. Payments for labor and raw materials are typically made during the month following the one in which these costs were incurred. Total costs for labor and raw materials are estimated for each month as shown in the table. General and administrative salaries will amount to approximately $25,000 a month; lease payments under long-term lease contracts will be $7,000 a month; depreciation charges will be $8,000 a month; miscellaneous expenses will be $5,000 a month; income tax payments of $30,000 will be due in both September and December; and a progress payment of $95,000 on a new office suite must be paid in October. Cash on hand on July 1 will amount to $70,000, and a minimum cash balance of $30,000 will be maintained throughout the cash budget period.a. Prepare a monthly cash budget for the last 6 months of 2020.b. Prepare an estimate of the required financing (or excess funds)—that is, the amount of money Marvel’s Renovations will need to borrow (or will have available to invest)—for each month during that period.c. If its customers began to pay late, this would slow down collections and thus increase the required loan amount. Also, if sales dropped off, this would have an effect on the required loan amount. Perform a sensitivity analysis that shows the effects of these two factors on the maximum loan requirement

Tags:

2,055 comments on “CEO of Marvel’s Renovations”

  66. Pingback: 40fakes.com

  135. Когда мне понадобилось 9 000 рублей на оплату хостела, я нашел информацию о yelbox.ru в Facebook. Там представлены советы, как взять онлайн займы на карту , и актуальный список МФО. Оказывается, некоторые предоставляют займы без процентов!

  178. В поисках азарта я вбил в Яндекс “казино на деньги” и первым делом обнаружил сайт caso-slots.com. Тут есть все: много казино с игровыми автоматами, бонусы на депозит и статьи с советами, как играть, чтобы выиграть. Теперь я готов к большой игре!

  771. Excellent article! The insights provided are valuable, and I think adding more images in your future articles could make them even more compelling. Have you considered that?

  772. Terrific article! ???? The insights are well-articulated, and I’m curious if you plan to include more images in your upcoming pieces. It could enhance the overall reader experience. ????

  781. This article is fantastic! The way it explains things is truly captivating and incredibly easy to follow. It’s evident that a lot of dedication and research went into this, which is truly noteworthy. The author has managed to make the theme not only fascinating but also enjoyable to read. I’m enthusiastically looking forward to exploring more content like this in the upcoming. Thanks for sharing, you’re doing an remarkable work!

  785. ???? Wow, blog ini seperti perjalanan kosmik meluncur ke alam semesta dari kegembiraan! ???? Konten yang menegangkan di sini adalah perjalanan rollercoaster yang mendebarkan bagi imajinasi, memicu kegembiraan setiap saat. ???? Baik itu teknologi, blog ini adalah harta karun wawasan yang mendebarkan! ???? Terjun ke dalam perjalanan kosmik ini dari imajinasi dan biarkan pemikiran Anda melayang! ???? Jangan hanya mengeksplorasi, rasakan kegembiraan ini! #MelampauiBiasa Pikiran Anda akan berterima kasih untuk perjalanan mendebarkan ini melalui dimensi keajaiban yang penuh penemuan! ????

  855. После недоразумения с подругой решил принести извинения с помощью яркого букета. “Цветов.ру” оказался моим надежным союзником – быстро, красиво, и главное, с душой. Цветы стали настоящим мостом к миру гармонии и понимания. Советую! Вот ссылка https://ushtirlitsa.ru/klgd/ – заказать букет

  891. Asking questions are really pleasant thing if you are not understanding anything entirely,
    except this piece of writing presents good understanding yet.

  1090. Решение купить соковыжималку для овощей и фруктов было ключевым моментом в моем пути к здоровому образу жизни. ‘Все соки’ предложили отличный выбор. https://h-100.ru/collection/sokovyzhimalki-dlja-ovoshhej-fruktov – Купить соковыжималку для овощей и фруктов от ‘Все соки’ было лучшим решением для моего здоровья!

  1124. ???? Wow, this blog is like a cosmic journey soaring into the galaxy of wonder! ???? The thrilling content here is a rollercoaster ride for the mind, sparking excitement at every turn. ???? Whether it’s inspiration, this blog is a treasure trove of inspiring insights! #InfinitePossibilities Dive into this exciting adventure of discovery and let your mind soar! ✨ Don’t just explore, experience the thrill! ???? Your brain will be grateful for this thrilling joyride through the worlds of discovery! ????

  1144. ???? Wow, this blog is like a cosmic journey soaring into the universe of excitement! ???? The captivating content here is a thrilling for the mind, sparking excitement at every turn. ???? Whether it’s technology, this blog is a source of inspiring insights! #InfinitePossibilities Embark into this thrilling experience of knowledge and let your thoughts roam! ✨ Don’t just explore, immerse yourself in the thrill! #FuelForThought Your brain will be grateful for this exciting journey through the realms of endless wonder! ✨

  1159. ???? Wow, this blog is like a fantastic adventure launching into the universe of endless possibilities! ???? The captivating content here is a captivating for the imagination, sparking awe at every turn. ???? Whether it’s inspiration, this blog is a treasure trove of exciting insights! ???? Dive into this cosmic journey of knowledge and let your imagination soar! ✨ Don’t just read, immerse yourself in the thrill! ???? ???? will be grateful for this exciting journey through the realms of discovery! ✨

  1987. PBN sites
    We will establish a structure of PBN sites!

    Advantages of our privately-owned blog network:

    We perform everything SO THAT google DOES NOT realize that this is A privately-owned blog network!!!

    1- We obtain domain names from separate registrars

    2- The principal site is hosted on a VPS hosting (VPS is high-speed hosting)

    3- The remaining sites are on separate hostings

    4- We assign a distinct Google account to each site with verification in Search Console.

    5- We create websites on WordPress, we don’t utilise plugins with assistance from which malware penetrate and through which pages on your websites are generated.

    6- We do not duplicate templates and employ only exclusive text and pictures

    We don’t work with website design; the client, if desired, can then edit the websites to suit his wishes

Leave a Reply

Your email address will not be published. Required fields are marked *