The commercial account manager at the main division of the Crown Bank of Canada in Chicoutimi, Quebec, got a credit line request from Materiaux Boisvert, a hardware and building materials company.
The commercial account manager was anticipating a request of $1.8 million, but was surprised to discover a request for $2.2 million.
Learning Objective: This is a thorough case that covers all of opening finance. The case is especially useful in illustrating: the purchase of a new business and its impact on future financial performance; negotiating strategies for loan requests.
Because it challenges students to go beyond the mechanisms and actually think about their interpretation of the amounts the case would also make a superb exam.
Publication Date: 12/21/1993
This is just an excerpt. This case is about Finance
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