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Niagara Corporation's budgeted monthly sales are $5,000, and they are constant from month to month. Its customers pay as follows: 20% pay in the first month and take the 2% discount, 70% pay in the month following the sale with zero discount and 10% in the third month with 5% interest. The firm has no bad debts. Purchases for next month's sales are constant at 55% of projected sales for the next month. "Other payments," which include payments for wages, rent, and taxes, are 38% of sales for the month. Construct a cash budget for a typical month and calculate the average cash gain or loss during the month.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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