Joys Electronics Take Home Case Joy, who runs a small electronics sales and repair business, is trying to become a better business manager. She believes she has a solid understanding of bookkeeping but wants to grow her knowledge. She is wondering what areas should focus on and the potential benefits the added knowledge may provide her. Joys top concern is cash flow. Since investing her life savings into her business a year ago, Joy has managed to grow sales (steady 10% monthly growth trend , but her cash has almost run out ($1,300 remain in the business checking account). Fortunately, she has secured a $15,000 line of credit (7% interest rate) for emergency situations. She hasnt borrowed any funds yet, but is wondering if she should (and how much). Currently, Joy has an Accounts Payable balance of $750, and an Accounts Receivable balance of $825 (both due in the next week). Last month (March), Joy generated sales of $4,200. She is projecting 15% growth in the upcoming month. Joy typically collects 80% of her sales in the current month, and 20% in the following month. However, she is expecting one quarter of her sales this month to come from a new customer who plans to pay off his entire balance in May. Joys biggest expense is labour. She estimates it to be 35% of sales. She makes sure to pay her workers on time, within the month the work is completed. Joy also spends significantly on repair parts, about 20% of her sales total. She typically pays 60% of the owed amounts within the same month and 40% in the following month. There are $1,000 of other monthly costs (utilities, advertising, etc) which Joy pays half of within the same month. Joy has been offered a couple of investment opportunities. The first opportunity would involve investing $5,000 into a great website and marketing package. This would boost her income by $500 per month for the next year. The other opportunity is spending $10,000 on machinery (salvage value of $1,000 at the end of one year), which would reduce her monthly expenses by $800 for a year. She has heard of the profitability index and wonders if it supports pursuing one or both investment ventures. Analyze Joys business and advise her on the matters raised in the case. Make sure your recommendations are well supported by quantitative and qualitative analysis which ties to the case facts. PLEASE PROVIDE ANS ASAP.