Are realized by this change of pay period

Assignment Help Finance Basics
Reference no: EM131109414

When Tallman Haberdashery, Inc., merged with Meyers Men's Suits, Inc., Tallman's employees were switched from a weekly to a biweekly pay period. Tallman's weekly payroll amounted to $750,000. The cost of funds for the combined firms is 11%. What annual savings, if any, are realized by this change of pay period?

Reference no: EM131109414

Questions Cloud

Calculate the effective annual rate on the firm’s borrowing : The firm has borrowed $800,000 during the year under the agreement. Calculate the effective annual rate on the firm’s borrowing in each of the following circumstances: a. The firm normally maintains no deposit balances at Bank Two. b. The firm normal..
Determine the effective annual rate associated : A financial institution made a $10,000, 1-year discount loan at 10% interest, requiring a compensating balance equal to 20% of the face value of the loan. Determine the effective annual rate associated with this loan.
Calculate the total interest cost over 180 days : Using the forecast prime rate changes, answer the following questions. a. Calculate the total interest cost over 180 days for a fixed-rate loan. b. Calculate the total interest cost over 180 days for a variable-rate loan.
How much interest will the firm pay : Data Back-Up Systems has obtained a $10,000, 90-day bank loan at an annual interest rate of 15%, payable at maturity. a. How much interest (in dollars) will the firm pay on the 90-day loan? b. Find the 90-day rate on the loan.
Are realized by this change of pay period : When Tallman Haberdashery, Inc., merged with Meyers Men's Suits, Inc., Tallman's employees were switched from a weekly to a biweekly pay period. Tallman's weekly payroll amounted to $750,000. The cost of funds for the combined firms is 11%. What annu..
The actuary for the pension plan of gustafson : The actuary for the pension plan of Gustafson Inc. calculated the following net gains and losses.
Compute pension expense and prepare the journal entry : Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010.
Record pension expense and related pension transactions : Using the information in E20-13 about Erickson Company's defined benefit pension plan, prepare a 2010 pension worksheet with supplementary schedules of computations.
Calculate the approximate cost of giving up the cash : Calculate the approximate cost of giving up the cash discount from each supplier. If the firm needs short-term funds, which are currently available from its commercial bank at 16%, and if each of the suppliers is viewed separately, which, if any, of ..

Reviews

Write a Review

 

Finance Basics Questions & Answers

  The bid-ask quote at bank x for the new zealand dollar is

question 1 the bid-ask quote at bank x for the new zealand dollar is .33 - .335 usdnzd. at bank y the bid-ask quote is

  Briefly describe what happens in foreign exchange markets

Briefly describe what happens in foreign exchange markets. The spot Yen/$US exchange rate is Yen119.795/$US, and the one-year forward rate is Yen114.571/$US. If the annual interest rate on dollar CDs is 6%, what annual interest rate would you expe..

  What will be the portfolio expected rate of return

What do you think will happen to the portfolio's expected rate of return and standard deviation if the portfolio contained 75 percent of Project B?

  How many bonds will they have to issue to raise needed

xyz corp needs to raise 527000. it has decided to issue a 1000 par value bond with an annual coupon rate of 10.7 with

  What is the maximum amount the firm should pay

Which investment should be considered? (for any credit, show your work). Use a 9.5% discount rate. Hint: A discount rate gives you the clue that you should perform a present value analysis on each investment.

  How much will he have to save each month

He can afford to save $4,100 per month for the next 10 years. If he can earn a 10 percent EAR before he retires and a 7 percent EAR after he retires, how much will he have to save each month in years 11 through 30?

  Determine the kinds of loans and the interest rates for loan

Should commerical banks be regulated,or should market forces be allowed to determine the kinds of loans and the interest rates for loans and savings deposits?Why?

  What is todays value of the bequest

A rich relative has bequeathed you a payment of $1,000 one year from now. Each year after that, you will receive a payment on the anniversary of the last payment that is 8% larger than the previous payment.

  Quality has at least three categories of definitions

State the American Society for Quality’s definition of quality. Of the three "flavors" or categories of quality definitions, which type is it? Explain.

  The 1000 face value bonds of shonesy international have a

the 1000 face value bonds of shonesy international have a 7.5 percent coupon and pay interest annually. currently the

  Cash flow estimation and capital budgeting

Cash Flow Estimation and Capital Budgeting

  Security risk the systematic risk principle states that the

security risk the systematic risk principle states thata. systematic risk doesnt matter to investorsb. systematic risk

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd