1. You're going into business and need to set credit terms for your customers. Evaluate the following options and tell us which you feel would be best for your company and why? 4/10, 3/15, 2/20 or net 30.
2. We learned about preparing budgets in Chapter 15. What factors would go into your thought process for budgeting for the following expense line item - Employee Health Insurance? In other words, what would you look at in order to properly budget this expense line item?
3. Why do you suppose companies that prepare cash budgets have a minimum cash balance?
4. Your client - an asphalt paver located here in the State of Michigan has averaged $1,000,000 of sales per month over the past calendar year. Based on the information provided, prepare a sales forecast for your client broken down on a monthly basis You will need to provide a monthly total for each month (January - December) as well as an annual total.
You will need to present your sales forecast on a month by month basis
All the information that you need to prepare this sales forecast is included in the question
There is no clear cut answer to this question, use your knowledge and creativity to answer this question from past experiences and/or this week's textbook readings.