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Issue:

Business

 

Written by:

Michael M

 

Date added:

February 15, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 495

 

Was viewed:

2193 times

 

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Essay content:

A $12,500 monthly gross margin is the result, which is an inadequate amount to meet even the monthly salary and wage bill which is $15,000. In essence the bank loan is to make good the losses incurred in November and December of 2004 and meet the expenses for these two months. Because 60% sales are cash and 100% purchases are on credit the shortage has been felt only in January 2005...
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A $12,500 monthly gross margin is the result, which is an inadequate amount to meet even the monthly salary and wage bill which is $15,000. In essence the bank loan is to make good the losses incurred in November and December of 2004 and meet the expenses for these two months. Because 60% sales are cash and 100% purchases are on credit the shortage has been felt only in January 2005...
displayed 300 characters

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