MGT223H5 Midterm: daisycase (termtest question).doc
Document Summary
Daisy clover owns and operates clover care limited (ccl), a company in the landscaping and lawn maintenance business. The business is seasonal, running from early april to late october. Daisy usually uses the off season for vacation and to plan marketing techniques for the coming season, however, this past off season she worked on developing a greenhouse. The greenhouse will grow plants and flowers to be used in the summer season by the company. The business has been in operation since 2005 and their fiscal year end is. During the off-season, the company does not generate much cash flow. Therefore, daisy negotiated a line of credit with the bank that ccl utilizes during this time. The greenhouse nursery has also been a strain on cash flow this year, with storage costs, fertilizer, special lighting etc. , daisy said.
