Surecut Shears Inc.

____________________________________________________________ SureCut trim, Inc. ___________________________________________________________ Executive Summary The case is about estimating fund requirements for fiddlingsighted end pointination sources of finance. In June 1995, Mr. pekan, treasurer of SureCut Shears arranged a key out of credit of $3.5 one one million million million with the Hudson interior(a) Bank to reach out the seasonal worker sales peak. later on going with the analysis, much of these money were use to fund the metropolis modernication program. Facing the declining sales, SureCut is facing difficulty in paying its short term loan obligations to Hudson National Bank. After thorough analysis, the regard for short term fund requirements should non be used in capital expenses since the change unavoidable to generate the short term fund requirements comes from the sales of stemma which was the intention of the additive cash to stock up much inventory. Proper utilization of funds is a must for SureCut to be able to manage its payables to its channel partners. Case Context SureCut Shears, Inc. manufactures a plump out extraction of household scissors and industrial shears. Their products are distributed with wholesalers to specialty, hardware and discussion section stores around the country. In June 1995, Mr.

Fisher, treasurer of SureCut Shears arranged a line of credit of $3.5 million with the Hudson National Bank to cover requirements for the fall anticipating that the loan would be to the full paid finish by December of the same year. In September 2005, Mr. Fisher called Mr. Stewart of Hudson Nationa l Bank to inform him that the caller-out wo! uld need an additional $350,000 to cover peak seasonal needs. In January 1996, there was a decrease in sales demand. In April 1996, Mr. Fisher called Mr. Stewart to circulate him that SureCut Shears would not probably be able repay its outstanding short-term loan of $1.14 million in June. job Definition What factors contributed to the reasons behind SureCuts inability to...If you loss to pop off a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay