sure cut shears

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Title: sure cut shears

Essay Details:

Subject: Business

Author: Kimberly O

Date: January 30, 2017

Level: University

Grade: A

Length: 4 / 938

Essay text:

In January 1996, sales were showing a decline from the forecasted projections and an economic downturn and retail recession was hurting the once profitable company. The pro forma statements also forecast that the company may need an additional $1 million by June to fund a plant modernization project which was already half completed. After completion, the company would recognize approximately $900,000 per years in savings on their manufacturing costs. Hudson Bank loan officers have been notified that SureCut Shears will be unable to repay the outstanding balance of the line of credit in accordance with the loan term and agreement, and is asking for an extension until June...

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