Advanced Problems for Spreadsheet Application
These problems are available in MyFinanceLab
Cash flow forecasting. Regional Homes Construction Company has a very seasonal business that puts a high priority on cash flow management. Prepare a cash flow for the coming year by month for Regional Construction on a spreadsheet based on the following information:
Projected Housing Starts for the Coming Year 2014
Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 12 12 16 20 32 32 30 24 22 18 12 4 It takes four months to complete a house.
All houses are custom built, and the company receives payment the month following completion.
The average sales price per home is $450,000. The average cost to build a home is:
Raw materials: 52% ...
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