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The Eaton Company needs to raise $250,000 to expand its working capital and has been unsuccessful in attempting to obtain an unsecured line of credit with its bank. The firm is considering stretching its accounts payable. Eaton's suppliers extend credit on terms of "2/10, net 30." Payments beyond the credit period are subject to a 11⁄2 percent per month penalty. Eaton purchases $100,000 per month from its suppliers and currently takes cash discounts. For this problem, assume that a year consists of twelve 30-day months. Assuming that Eaton is able to raise the $250,000 it needs by stretching its accounts payable, determine the following:
a. The firm's annual lost cash discounts
b. Annual penalties
c. The annual financing cost of this source of financing
Suppose you are a director of an energy company that has three divisions-natural gas, oil, and retail (gas stations). These divisions operate independently from one another, but all division managers report to the firms CEO.
If your account earns 7% per year, how much money will you have in the account at the end of year three when the last deposit is made?
do executives in organizations have an ethical responsibility to think about the fairness of the transactions or the
Compare long-term instruments and short-term risks, in terms of the various types of risk to which investors are exposed. Explain your answers.
the comparative cash and accounts receivable balances for a company are provided
The conclusion section should draw together your findings in order to make arecommendation to a potential investor in the company's shares.
What is the depreciation expense in year 2 for the oven? Use the straight-line method.
aintains an inventory of produce worth $400. Its total bill for produce over the course of the year was $73,000. How old on average is the lettuce it serves its customers?
wheat inc. just paid its annual dividends of 2.00. dividends is expected to grow at annual rate of 18 for 3 years and
Using the CAPM, show that the ratio of the risk premiums on two assets is equal to the ratio of their betas.
matthew has been secretly depositing 2500 in his savings accountevery december starting in 1999. his account earns 5
After reading the fine print in your credit card agreement, you find that the %u201Clow%u201D interest rate is actually an 18% APR, or 1.5% per month. Now, to make you feel even worse, calculate the effective annual interest rate.
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