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Route Canal Shipping Company has the following schedule for aging of accounts receivable:Age of Receivable( 1) ( 2 ) ( 3 ) ( 4 )Month of Sales Age of Account Amounts % of amount dueApril 0-30 $195,360March 31-60 $97,680February 61-90 $122,100January 91-120 $73,260Total receivables $488,400 100%a. Calculate the percentage of amount due for each monthb. If the firm had $1,584,000 in credit sales over the four-month period, compute the average collection period. Avg. daily sales should be based on a 120-day period.c. If the firm likes to see its bills collected in 42 days, should it be satisfied with the average collection period?d. Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied?Please show your answer in a way that I can learn to solve it myself, thanks!
The market portfolio is assumed to be composed of two securities, Investment X and Investment Y as given below. Determine based on the information given the average return,
Provide some example of a situation that requires the establishment of a contingent liability? Why should a company establish a contingent liability? How does the establishment of a contingent liability impact earnings?
Computation of the current yield on the bond and yield to maturity and A bond has 10 years until maturity, a coupon rate of 8%. and sells for $1,100.
Mini Case Yanzhou (china) Bids for Felix Resources (Australia) 1 When should stockholders doubt their own company's support of a friendly acquisition?
A client has recently deposited $20,000 in savings account which pays 8% interest compounded annually. How much may he withdraw at end of each year?
Empirical evidence shows that new issues of equity by domestic firms in the U.S.
The Chicago bank has agreed to process Jackson's customer payments for an annual fee of $130,000. Determine the annual net pretax benefits to Jackson's of establishing a lockbox system with the Chicago bank.
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
Liberty Services is now at the end of final year of a project. The equipment originally cost $22,500, of which 75 percent has been depreciated. The company can sell the used equipment today for $6,000, and its tax rate is 40 percent.
Given the new economic and market realities prevailing since the 2008 great recession, 1st list and then describe in detail four behavioral finance lessons that can be of value to anyone going forward in life.
Illustrate out the term fuel hedging and what are the alternative techniques for hedging risk?
Objective type questions on calculation of beta and stock price and What is his portfolio's beta
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