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If average daily remittances are $1 million, and "extended disbursement float" adds 10 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 11% on excess funds.
$0
$1,100,000
$1,110,000
$100,000
Price Corp. is considering selling to a group of new customers and creating new annual sales of $380,000. 4% will be uncollectible. The collection cost on these accounts is 5% of new sales, the cost of producing and selling is 82% of sales and the firm is in the 31% tax bracket. What is the profit on new sales?
$23,598
$29,966
$33,598
$311,600
Modos Company has deposited $4,090 in checks received from customers. It has written $1,510 in checks to its suppliers. The initial bank and book balance was $480. If $3,470 of its customer's checks have cleared but only $430 of its own, calculate its float.
$560
$460
$610
$1,050
Massa Machine Tool expects total sales of $11,000. The price per unit is $4. The firm estimates an ordering cost of $6.64 per order, with an inventory cost of $.56 per unit. What is the optimum order size? (Round your answer to the nearest whole number.)
153 units
102 units
255 units
128 units
Apple call options strike $330.00 is trading at $127.50 today. Under what circumstances does the investor make a profit? Under what circumstances will the option be exercised? Draw a diagram showing the variation of the investors profit with the stoc..
Assume sigma=0.15, nu=0.10, and current stock price $32. Monthly interest rate is 1%. Compute present values of the following options expiring in 3 months. (a) A European call option with strike $30, assuming $2 dividend in 40 days.
What is the present value of $1,100 per year, at a discount rate of 10 percent if the first payment is received 6 years from now and the last payment is received 30 years from now?
A mortgage company offers to lend you $85,000; the loan calls for payments of $7,779.44 at the end of each year for 30 years. What interest rate is the mortgage company charging you?
You bought a share of Butler Imports stock for $45.60 at the beginning of the year. During the year the stock paid a $2.25 dividend and at the end of the year it trades at $54.75. What is the total return of your stock investment?
Mellott Corp. has an equity value of $13,430. Long-term debt is $8,650. Net working capital, other than cash, is $3,305. Fixed assets are $17,830 and current liabilities are $1,810. What is the value of the current assets?
At the end of an asset’s useful life, the balance in Accumulated Depreciation will be the same as:
Obtain the closing price, the change in price from the previous day, and the beta and calculate the return on holding the stock for a day.
A 4.25 percent coupon municipal bond has 13 years left to maturity and has a price quote of 105.10. The bond can be called in eight years. The call premium is one year of coupon payments. (Assume interest payments are semiannual and a par value of $5..
Benjamin Manufacturing has a target debt-equity ratio of .64. Its cost of equity is 13.1 percent, and its cost of debt is 8.1 percent. Required: If the tax rate is 34 percent, what is the company’s WACC?
Calculate the future value of $100,000 ten years from now based on the following annual interest rates: Calculate the present value of a stream of cash flows based on a discount rate of 8%. Annual cash flow is as follows: Calculate the present value ..
Joe just inherited the family business, and having no desire to run the family business, he has decided to sell it to an entrepreneur. In exchange for the family business, Joe has been offered an immediate payment of $100,000. In terms of present val..
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