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Miscellaneous
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| Number of pages / Number of words: |
11 / 3029 |
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The current payment arrangements are that Mayo will pay 20% on purchases and 80% the following week. Being that Mayo is the principle customer at 95%, L.S. is placed into a situation where they in turn can't pay its creditors on time. There is a plan B. Plan B is to have Central Bank do a daily loan for any amount to keep the account at $50, 000...
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is placed into a situation where they in turn can't pay its creditors on time. There is a plan B. Plan B is to have Central Bank do a daily loan for any amount to keep the account at $50, 000. The problem with this is that L.S. has reached the maximum amount that can be borrowed, which is $1.2 million...
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