Already have an account? Get multiple benefits of using own account!
Login in your account..!
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Milwaukee surgical supplies, inc sells on terms of 3/10, net 30. gross sales for the year are $1,200,000, and the collections department estimates that 30% of the customers pay on the tenth day and take discounts, 40% pay on the thiritieth day and the remaining 30% pay,on avg,40 days after the purchase.(assume 360 days per year)
a. what is the firm's avg collection period?
b. what is the firm's current receivables balance?
c. what would be the firm's new receivables balance if Milwaukee Surgical toughened up on its collection policy with the result that all nondiscount customers paid on the 30th day?
d. suppose that the firm's cost of carrying receivables was 8% annually. how much would the toughened credit policy save the firm in annual receivables carrying expense?(assume that the entire amount of receivables had to be financed)
Final Exam Calculate the Future Value of an Annuity that has the following characteristics: (a) PMT: $956, (b) RATE: 8%, and (c) NPER: 20. Determine how much you would be wil
Many jurors assume the defendant has insurance coverage and therefor no harm is done by awarding the plaintiff damages. What are the moral hazards? What is the affect on insur
You think you see an opportunity to earn an arbitrage profit by engaging in both transactions at the same time. Why is this not an arbitrage opportunity and how could you ma
What does it mean that information can be obtained on a real-time basis? What items on the financial statements do you think have come under real-time management, and what a
What is meant by loan servicing?- Identify the principal sources of mortgage company income.- Describe qualification for the Rural Development Service's home loan program.
Assume 10-year T-bonds have a yield of 5.30% and ten year corporate bonds yield 6.80%. Also, corporate bonds have a 0.25% liquidity premium versus a zero liquidity premium for
The current rate of return on a one-year U.S. Government security is 3%. The rate of return on a two-year U.S. Government security is 5%. According to the expectations theor
Judith, Inc. bonds mature in eight years and pay a semi-annual coupon of $55. The bond's par value is $1,000. a. What is their current price if the market interest rate for bo
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