MGAC02H3 Chapter Notes -Dry Cleaning, Tetrachloroethylene, Accounts Receivable
Document Summary
Beatrice, it is such a relief to get this ,000,000 of financing in place at a reasonable cost. We finally have the go-ahead for that new equipment! If we order now, we"ll have it in place and operating next year this time, what with production, shipping, installation, and testing. We"ll have to use some of own money for this, but we"ll now be able to pay for it. joan beaston was excited as she called you, beatrice. Joan is the cfo of dry cleaning-to-go limited (dc), a company with a chain of 40 dry cleaning stores in southern ontario. Dc"s retail stores are leased, under three to five-year leases, in various malls and store front locations. Each pod of retail outlets is served by one larger hub location where the dry cleaning operation is performed; clothes are transported to and from the hub locations daily. Ten years; money to be advanced in one payment, immediately, net of upfront fees.
