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Buster enterprises have found that their total cash receipts each month or total collection equals 20% of sales are collected in cash at time of sale, 50% are collected in the month following the sale and the remaining in 30% are collected in the second month following the sale. Cash Disbursements equals: Cost of Goods Sold is 80% of sales. Purchases are made in the month prior to the sales and payments for the purchases are made in the month of the sales. Total other cash expenses are $40,00/month. The company's cash balance as of Feb 28, 06 will be $50,000. excess cash will be used to retire short-term borrowing (if any). Buster enterprises has no short-term borrowing as of Feb. 28, 06. Assume that the interest rate on short-term borrowing is 1% per month. The company must have a minimum cash balance of 20,000 at the beginning of each month. What is Buster Enterprises' total cash receipts or total collections for April 2006. Round to nearest $100
GIVEN: Jan 300,000, Feb 340,000, Mar 380,000, April 400,000, May 420,000, June 420,000
If the stock price is $33.97, what required return must investors be demanding on Storico stock? (Hint: Set up the valuation formula with all the relevant cash flows, and use trial and error to find the unknown rate of return.)
Sorenson Corp.'s expected year-end dividend is D1 = $1.60, its required return is rs = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Sorenson's expected stock price in 7 years, i.e., wha..
A 25-year, $1,000 par value bond has an 8.5% annual payment coupon. The bond currently sells for $925. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
Calculate and interpret the volume and price variances on the revenue side.
All of Division A's projects are equally risky, as are all of Division B's projects. However, the projects of Division A are less risky than those of Division B. Which of the following projects should the firm accept?
This money is expected to provide you a monthly income in the amount of $6,000 for 25 years. How much interest did you earn during the accumulation stage and how much interest will you earn during the retirement stage?
Calculate the future value of $1,000,000 when it is invested for 5 years at the interest rate of 5% under the following assumptions:
Ace had 10 million in assets. It is consider a 40 percent debt/asset ratio vs. its current 20 percent debt/asset ratio. Debt arriews interest charges of 12 percent and shares sell for $20 per share.
Suppose that foreign interest rates are expected to rise above US interest rates. What does this suggest regarding the future strength or weakness of the US dollar?
The gasoline service stations in Rochester, New York convinced the City Council to ban signs displaying gasoline prices. Why would they want to do this?
A financial advisor tells you that you can make your child a millionaire if you just start saving early. You decide to put an equal amount every year into an investment account that earns 8 percent interest per year, beginning on the day your child i..
Cassandra sells property for a sales valueof $150,000. In addition, Lana, the buyer, pays $5,000 in property taxes that had accrued during th year while property was still legally owned through Cassandra.
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