What is the average daily float

Assignment Help Finance Basics
Reference no: EM13288032

In a typical month, the Tanner Corporation receives 100 checks totaling $117,000. These are delayed four days on average. Assume 30 days in a month. What is the average daily float?

Reference no: EM13288032

Questions Cloud

What is the value assuming lifo : From July 2 through the end of the year it used 400 doses. What is the inventory value at the end of the year assuming FIFO? What is the value assuming LIFO?
Determine the air pressure inside the chamber : As a 1.00 cm diameter plunger reduces the height of the column of air inside the chamber from 7.00cm down to 0.50cm, Determine the air pressure inside the chamber after compression
What is the project discounted payback : Fernando Designs is considering a project that has the following cash flow and WACC data. What is the project's discounted payback?
Principal of financial market : Principal of financial market
What is the average daily float : In a typical month, the Tanner Corporation receives 100 checks totaling $117,000. These are delayed four days on average. Assume 30 days in a month. What is the average daily float?
Compute the initial separation between the particles : One particle has a mass of 4.41 x 10-3 kg and a charge of +6.92 ?C. A second particle has a mass of 6.52 x 10-3 kg and the same charge. Find the initial separation between the particles
Find the wave propagation speed on the guitar strings : Two identical guitar strings are prepared such that they have the same length (2.17 m) and are under the same amount of tension. find the wave propagation speed on the guitar strings
What is after tax cost of debt : Mullineaux Corporation has a target capital structure of 63 percent common stock, 8 percent preferred stock, and 29 percent debt. Its cost of equity is 13.3 percent, the cost of preferred stock is 6.3 percent, and the cost of debt is 8.0 percent. ..
Evaluate the magnitude of the charge on each : The electric field midway between two equal but opposite point charges is 832 , and the distance between the charges is 11.6. evaluate the magnitude of the charge on each

Reviews

Write a Review

Finance Basics Questions & Answers

  What annual rate of return did the firm earn on this project

Cast Out Co. invested $16,200 in a project. At the end of two years, the company sold the project for $23,800. What annual rate of return did the firm earn on this project?

  Calculate average annual rate of return

In November of 1998 you bought 100 shares of Microsoft stock for $35.375 a share. In November of 2000, hearing about an unfavorable ruling against Microsft by a federal judge,

  Asymmetric information

The problems associated with asymmetric information to explain why the insurance companies might include deductibles as part of their policies.

  Objective type problems on capital structure

Objective type problems on capital structure and cost of capital and Which project should be accepted and why

  What is the preferred method of raising new capital

What is the preferred method of raising new capital, if the objective is to maximize the EPS? What is the probability that you are right in your decision?

  Objective type questions on issue of dividend

Objective type questions on issue of dividend, which cost are a function of time and not sales and typically contractual

  What is the cost of common equity capital for the firm

If the current price of Two-Stage's common stock is $17.61, what is the cost of common equity capital for the firm?

  Using straight line method to solve problem

DNA Corporation issued $4,000,000 in 8%, 10-year bonds on February 1, 2010, at 115. Semiannual interest payment dates are January 31 & July 31.

  Determine the breakpoint where new stock issued

Suppose your company is expected to earn $4.0 million in net income next year of which it will pay out 40% in dividends. If equity represents 50 percent of your capital,

  Forward versus spot rate forecast

Forward versus Spot Rate Forecast Assume that interest rate parity exists - forward rate of the Singapore dollar as the forecast or using today's spot rate as the forecast? Briefly describe

  Compute the inventory turnover ratio

Bowa Company's days sales outstanding is fifty days. The corporation's accounts receivable equal $100 million and its balance sheet shows inventory equal to $125 million.

  Is the increase in the sales tax efficient

since falling real estate prices and a tough job market made it difficult for citizens to move. Examine this sitiuation through the lens of optimal tax theory. Is the increase in the sales tax efficient? is it fair?

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