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QN2: Juma wishes to Commence a new Small burness and has assembled the following information. - The total estimated Sales per annum will be sh
QN2: Juma wishes to Commence a new Small burness and has assembled the following information. - The total estimated Sales per annum will be sh 2,400,000 - She expects to fix a sale price for each product which will be 25% in excess of purchase. - She expects to turn over her stacks 4 tmes on a year - Her fixed expenses are ertimated at sh 4,000 per month while variable expenses are estimated to be 5% of her turn over - The Saler and purchases will be evenly spreat through the fear. Required. Based on the above information Calculate external Financing required bf Juma. QN2: Juma wishes to Commence a new Small burness and has assembled the following information. - The total estimated Sales per annum will be sh 2,400,000 - She expects to fix a sale price for each product which will be 25% in excess of purchase. - She expects to turn over her stacks 4 tmes on a year - Her fixed expenses are ertimated at sh 4,000 per month while variable expenses are estimated to be 5% of her turn over - The Saler and purchases will be evenly spreat through the fear. Required. Based on the above information Calculate external Financing required bf Juma
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