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Drugs 'R Us operates a mail order pharmaceutical business on the West Coast. The firm receives an average of $325,000 in payments per day. On average, it takes four days for the firm to receive payment, from the time customers mail their checks to the time the firm receives and processes them. A lockbox system that consists of ten local depository banks and a concentration bank in San Francisco would cost $6,500 per month. Under this system, customers' checks would be received at the lockbox location one day after they are mailed, and the daily total would be wired to the concentration bank at a cost of $9.75 each. Assume that the firm can earn 10 percent on marketable securities and that there are 260 working days and hence 260 transfers from each of the ten lockbox locations per year.
a. What is the total annual cost of operating the lockbox system?b. What is the dollar benefit of the system to Drugs'R Us?c. Should the firm initiate the lockbox system?
Estimate a beta coefficient for Kinectica. Adjust for leverage differences between the single product companies and Kinectica. Assume the corporate tax rate is 0% and the debt beta is .3.
Explain the term Capital budgeting in addition your family has just given you a $5,000 graduation gift
After the $5 dividend is paid, the company expects its growth rate will remain constant at 4 percent per year forever. If BrandMart's investors demand a 12 percent rate of return, what should be the current market price of the company's stock?"
Hunter retired last year and will receive annuity payments for life from his employer's qualified pension plan of $30,000 per year starting this year.
We are currently bidding on Treasury bills and have determined that we must have a 5% return for a $1,000 T-Bill that will mature in one year.
Maryland Department of Transportation has issued 25-year bonds that make semiannual coupon payments at a rate of 9.93 percent. The current market rate for similar securities is 10.79 percent.
The tax rate is 30 percent. The sales price is estimated at $64 a unit, give or take 2 percent. What is the operating cash flow under the best case scenario?
Terry Austin is 30 years old and is saving for her retirement. She is planning on making 36 contributions to her retirement account at the beginning of each of the next 36 years.
Jack Hammer that invests in a stock that will pay dividends of $2.00 at end of 1st year; $2.20 at the end of 2nd year: and $2.40 at the end of the third year.
Annual net income from this equipment is evaluated at $8,100, $10,300, $17,900, and $19,600 for four years. Must this purchase happen based on accounting rate of return? Why or why not?
The required return on both these bonds is 8 percent compounded semiannually. What is the current price of Bond M? What is the current price of Bond N?
Apex Inc., is a biotechnology company that is about to announce the results of its clinical trials of a potential new cancer drug. If the trials were successful, apnex stock will be worth $70 each share.
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