Business Administration 1220E Lecture Notes - Lecture 9: Dividend, Working Capital, Cash Flow

• School: Western University
• Department: Business Administration
• Course: Business Administration 1220E
• Professor: All

Document Summary

Opened maple leaf & invest ,000 of his own money. Increase in short term line of credit ,000 - ,000. Sales expected to be closer to 1. 7 million as of dec 31, 2013. Further increase in sales: 10-20% for 2014 consumer spending on renovations increases sales. No anticipated purchases for fixed assets in the next couple years. Planned to pay a common stock dividend of ,000 each yr starting dec 31, Rent charge is to increase by ,4000/month on the current ,000/month charge: 2 years. Hoping to reduce the age of inventory to industry avg of the past few years (not sure if attainable this year) Strongest cash position (working capital): is in december. Working capital is needed the most in february and march ,000 - *shareholders patrick and harrison (owns 40% of shares) are in disagreement harrison thinks patrick should be running the company differently*