Case 9-42: Comprehensive Master Budget, Borrowing, Acquisition of Automated Material-Handling System

Case 9-42: Comprehensive Master Budget, Borrowing, Acquisition of Automated Material-Handling System

We really need to get this new material-handling equipment in operation just after the New Year begins. I hope we can finance it largely with cash and marketable securities, but if necessary we can get a short-term loan down at MetroBank.” This statement by Beth Davies-Lowry, president of Global Electronics Company, concluded a meeting she had called with the firm’s top management.

AND SO ON

Check Figures:
1. Sales in Account, First Quarter: $2,184,600
3. Purchases, First Quarter: $2,103,640
5. Cash Receipts, First Quarter: $2,734,060
7. Net Income: $321,312

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