Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the Projected Working capital requirement using following details (Manufacturing company) Projected Net sale - Rs 32.43 Mln Projected Cost of goods sold(Variable cost)- 27.27
Calculate the Projected Working capital requirement using following details (Manufacturing company)
Projected Net sale - Rs 32.43 Mln
Projected Cost of goods sold(Variable cost)- 27.27 Mln
Projected one year administrative cost (Fixed cost) - Rs 0.94 Mln
No of working days in the month - 25 days (300 days per year)
Stock retention period -2 days
Finished goods period-7 days
Debtors period - 21 days
Intend to purchase a machine for Rs 0.8 Mln using a 5 year bank loan in the projected year.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started