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The Upston Company is a manufacturer of textile apparels. The company is endeavoring to prepare its cash budget on monthy basis. The forecasted monthly sales are assumed to be constant each month at Rs 5 million. All of the sales are made on credit and cash recovery pattern is: 33% in the month of sale, 33% in the month following the sale, and the remaining 34% customers pay in the second month following the sale. Purchases of raw material are made on credit in such a way that each month puchases are made @75% of next month sales. The payment of credit purchases are made in the month following the month of purchases. The total of other cash payments for wages, utilities,rent, and taxes is assumed to be constant at Rs 1.1 million per month. Construct a typical singe month's cash budget from the information given above. Assume that customers who pay in the month of sale receive a disount of 2%?
you are the recently hired chief operations officer at abc inc a regional firm which produces specialized
Explain how the health care industry's share of GDP affects the entire economy?
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BSW Bank currently has $150 million in transaction deposits on its balance sheet. The Federal Reserve has currently set the reserve requirement at 10 percent.
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What is the yield to maturity of a 5-year bond that pays a coupon rate of 7.60 percent per year, has a $1,000 par value, and is currently priced at $1,255? Assume annual coupon payments.
Contrarious Calandra. Calandra Panagakos works for CIBC Currency Funds in Toronto. Calandra is something of a contrarian-as opposed to most of the forecasts.
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