loan to do this. Mr. Jim Daniels Health Products has eight stores. The firm wants to expand by two more stores and needs a Hewitt, the banker, will finance construction if the firm can present an acceptable three-month financial plan for January through March. Following are actual and forecasted sales figures: Actual November December Forecast Additional Information $500,000 April forecast $550,000 540,000 560,000 $420,000 January 440,000 February of the firm's sales, 40 percent are for cash and the remaining 60 percent are on credit. Of credit sales, 30 percent are paid in the month after sale and 70 percent are paid in the second month after the sale. Materials cost 35 percent of sales and are purchased and received each month in an amount sufficient to cover the current month's expected sales. Materials are paid for in the month they are received. Labour expense is 45 percent of sales and is paid in the month of sales. Selling and administrative expense is 4 percent of sales and is also paid in the month of sales. Overhead is $35,000 in cash per month, amortization expense is $11,100 per month. Taxes of $9.100 will be paid in January and dividends of $7,500 will be paid in March. Cash at the beginning of January is $102.000 and the minimum desired cash balance is $97,000. a. Prepare a schedule of monthly cash receipts for January, February and March Sales Credit sales Cash sales Collections in the month after credit sales Collections two months after credit sales Total cash receipts Jin Daniels Bealth Products Cash Receipts Schedule November $200000 December January February $ March

Kate is considering expanding and bringing in several employees. To do this she will need a larger facility and to purchase more equipment. Which means additional financing. Answer this: look at the financial statements as if you were a banker considering her for a loan comment on your findings and use calculations to support your answer.

Jayden's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Mrs. Wilson, the banker, will finance construction if the firm can present an acceptable three-month financial plan for January through March. The following are actual and forecast sales figures: Actual Forecast November December $460,000 January 480,000 February March Additional Information $540,000 April forecast $470,000 580,000 480,000 Of the firm's sales, 50 percent are for cash and the remaining 50 percent are on credit. Of credit sales, 35 percent are paid in the month after sale and 65 percent are paid in the second month after the sale. Materials cost 40 percent of sales and are purchased and received each month in an amount sufficient to cover the following month's expected sales. Materials are paid for in the month after they are received. Labor expense is 35 percent of sales and is paid for in the month of sales. Selling and administrative expense is…

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A new restaurant is ready to open for business. It is estimated that the food cost (variable cost) will be 64.46% of sales, while fixed cost will be $450,000. The first year’s sales estimates are $1,285,245. Calculate the firm’s operating breakeven level of sales.

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