This Tutorial contains both annonated bibliography and excel file\t\u00a0\tFIN 370 Week 3 Team Assignment Precision Machines Part 1 \tPrecision Machines is preparing a financial plan for the next six months to determine the financial needs of the company. The historical analysis of the company’s sales shows that the company’s total sales are 30% cash sales and 70% credit sales.\u00a0 Further analysis of credit sales shows that the company receives 50% of the credit sales one month after the sale and the remaining 50% in the second month after the sale. This means the cash collections from sales are 30% in the first month of the sale, 35% in the second month, and 35% in the third month.\u00a0\tThe materials purchased by the company amounts to 50% of the sales for the month.\u00a0 The company pays for the purchases one month after the initial purchase. The company likes to maintain a cash balance of $5,000. The cost of borrowing is 10%.\u00a0 The company plans to pay off the loan whenever there is a surplus and borrow when there is a deficit.\u00a0\tThe attached spreadsheet shows revenues (sales), expenses, capital expenditures, and other expenses for Precision Machines’ next six months.\u00a0 Using the information given on the spreadsheet, prepare a cash budget for January through June and determine the cash surplus, deficit, and the financing needs of the company.\u00a0\tNote:\u00a0There are two parts to this learning team assignment;\u00a0Part 2 will be completed in Week 5.\tReview\u00a0the Learning Team Assignment due in Week 5.\tCreate\u00a0an outline for the essay.\tDevelop\u00a0a 700-word annotated bibliography using at least 3 resources.\tFormat\u00a0your paper consistent with APA guidelines.\tClick\u00a0the Assignment Files tab to submit your assignment.<\/p>\n","protected":false},"excerpt":{"rendered":"
This Tutorial contains both annonated bibliography and excel file \u00a0 FIN 370 Week 3 Team Assignment Precision Machines Part 1 Precision Machines is preparing a financial plan for the next six months to determine the financial needs of the company. Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-216496","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=216496"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/216496\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=216496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=216496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=216496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}