Bernhardt Appliances, Inc., located in central Ohio, is a small manufacturer of washing machines and dryers.

Bernhardt Appliances, Inc., located in central Ohio, is a small manufacturer of washing machines and dryers. Bernhardt sells most of its appliances to large, established discount retail companies that market the appliances under their own names. Bernhardt sells s the appliances on trade credit terms of n/60. If a customer wants a longer term, however, Bernhardt will accept a note with a term of up to nine months. At present, the company is having cash flow troubles and needs $10 million immediately. Its cash balance is $400, 000, its accounts receivable balance is $4.6 million, and its notes receivable balance is $7.4 million.How might Bernhardt Appliance’s management use its accounts receivable and notes receivable to raise the cash it needs? What are the company’s prospects for raising the needed cash

Order your essay today and save 20% with the discount code: GREEN

Don't use plagiarized sources. Get Your Custom Essay on
Bernhardt Appliances, Inc., located in central Ohio, is a small manufacturer of washing machines and dryers.
Just from $13/Page
Order Essay

Order a unique copy of this paper

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
Top Academic Writers Ready to Help
with Your Research Proposal
Live Chat+1(978) 822-0999EmailWhatsApp