Nabeel is in crisis due to loss in business. Suppose you are a sugar mill owner,...

Nabeel is in crisis due to loss in business. Suppose you are a sugar mill owner, Nabeels asks you to provide him with 100 bags of sugar on credit basis and that he will pay you Rs. 50000 (the price of 100 bags of sugar) in one month on 01-october-2020.

You are required to buy raw material worth 100,000 for your mill from Nasir. For which you told Nasir that he will be paid on 01-October-2020. Create a negotiable instrument in light of the above scenario settling your accounts receivable with Nabeel and accounts payable with Nasir. Also state the essentials of the negotiable instrument that you selected to complete this transaction

Expert Solution

ekkarill92 answered 2 years ago

Henry Doyle the president of King’s sugar is evaluating the addition of a new sugar-processing mill,...

Henry Doyle the president of King’s sugar is evaluating the addition of a new sugar-processing mill, to make white sugar, and eliminate the need to buy white sugar from its competitor, Kennard’s sugar company. King’s sugar makes brown sugar only, but would need a mill to process the brown sugar into white sugar. Kennard’s company produces white sugar from the raw sugar cane. Doyle believes that the new mill will bring in additional revenues and reduce operating costs. The competitor...

Suppose you own a small business. You are facing a significant amount of loss. What are...

Suppose you own a small business. You are facing a significant amount of loss. What are the best ways of increasing your revenue and reducing your cost in the short run. Assume you are in highly competitive market.

Suppose that you are a business owner and you need immediate funds to meet short-term operating...

Suppose that you are a business owner and you need immediate funds to meet short-term operating expenses. From what sources could you gain the capital you need, and what are some of the characteristics of those sources? Further, discuss your preference, and why.

You are a business owner and your business is growing but you believe it is not...

You are a business owner and your business is growing but you believe it is not growing fast enough and you need an infusion of capital to help speed up the growth. You have a friend who is willing to loan you the capital needed but he wants to make sure that you are able to pay the loan back (plus interest) and he needs some proof that you can deliver. What financial statements are you likely to furnish to...

Assume that you are a consultant to a small business. The owner of the business does...

Assume that you are a consultant to a small business. The owner of the business does not have an accounting background and has turned to you for assistance.The owner believes that one or more employees may be stealing inventory from the business. Write a memorandum to the business owner in which you identify the type of business and answer the following questions: Identify two (2) signs that an employee might be stealing from the business that detail what should the...

How do you think John Stuart Mill would view the most recent world-wide financial crisis? In...

How do you think John Stuart Mill would view the most recent world-wide financial crisis? In terms of: What are the factors leading to it, what factors should be in place to prevent it happening again, and what should have been done to correct it?

4 . Individual Problems 22-1 Suppose that a paper mill “feeds” a downstream box mill. For...

4 . Individual Problems 22-1 Suppose that a paper mill “feeds” a downstream box mill. For the downstream mill, the marginal profitability of producing boxes declines with volume. For example, the first unit of boxes increases earnings by $30, the second by $27, the third by $24, and so on, until the tenth unit increases profit by just $3. The cost the upstream mill incurs for producing enough paper (one “unit” of paper) to make one unit of boxes is...

Suppose the owner of Haywood Ceramics needs to raise prices to stay in business, but is...

Suppose the owner of Haywood Ceramics needs to raise prices to stay in business, but is concerned that raising prices would result in a death spiral. To avoid a decline in sales, the owner is considering sending letters to her customers explaining why the price increase is necessary. The letter would inform customers about the cost increases that necessitated the price increase, explain what the company is doing to keep costs as low as possible, and allow customers to place...

MARGINAL ANALYSIS - Economics for Business Decision You are a business owner of a firm that...

MARGINAL ANALYSIS - Economics for Business Decision You are a business owner of a firm that services trucks. A customer would like to rent a truck from you for one week, while you service his truck. You must decide whether or not to rent him a truck. You have an extra truck that you will not use for any other purpose during this week. This truck is leased for a full year from another company for $350/ week plus $.50...

You are the owner of a business and you hire a new accountant to help you...

You are the owner of a business and you hire a new accountant to help you manage the business. The new accountant tells you that in order to operate the business properly you have to pay attention to financial ratios. The accountant prepares your financial statements, then produces for you a number of ratios. The ratios that the accountant produced are listed below. Question: For each one, what does the ratio tell you about your business. Current ratio - .75...

Question