Business Administration 1220E Lecture Notes - Lecture 11: Accounts Payable, Accounts Receivable, The Home Depot

• School: Western University
• Department: Business Administration
• Course: Business Administration 1220E
• Professor: Trina Ruthes

Document Summary

Business 1220e- lecture 11- maple leaf hardware ltd. case study part a. Stuart foreman is the assistant manager of the central canadian bank for the branch in. London, ontario and is who will be making the decision for maple leaf hardware. He has a week to decide if he should increase maple leaf hardware"s line of credit with the bank. Robert patrick is the owner of the maple leaf hardware ltd. and has requested an increase of the company"s short-term line of credit from ,000 to ,000to cover seasonal working capital needs. Mr. foreman is new to the london branch and just received a promotion in which his actions may set a precedent. Patrick has a good relationship with the central canadian bank through terry woods who is foreman"s predecessors. Patrick had been slow in sending financial data the bank had requested in the past.