They were able to raise this money because their test model


The Faster modem corporation who managed to capitalize their firm with $150,000. They were able to raise this money because their test model performed much faster than current modems on the market, and they received an initial commitment from a national firm to market their modem. However, a national modem manufacture beat them to the market, and they found that they had invested $150,000 integral obsolete technology. They now find that they have no sales $500 in cash, and a $2,000 payment due to their creditor on the first of month. What are the owner's options?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: They were able to raise this money because their test model
Reference No:- TGS02246502

Expected delivery within 24 Hours