Company exported processed healthy almond products

Assignment Help Financial Management
Reference no: EM131567790

Your company exported processed healthy almond products to Canada, and received USD 3 million banker's acceptance that is due in six months. Your company needs cash now to pay the annual bonus. Having discussed with Bank of America (BOA), you find out that a 0.45% acceptance fee is charged on that banker's acceptance which can be sold at a discount of 1. 6%.

Reference no: EM131567790

Questions Cloud

Describe gruesome details of the crime : The defendant D is charged with a brutal rape, robbery, and murder that occurred in an apartment elevator in washginton d.c. D’s DNA was found in the victim’s b
Leather cushion maker in richmond requires trade facility : A leather cushion maker in Richmond requires a trade facility to pay for its import of $850,000 raw leather from Argentina.
At what price will the stock sell : A stock pays a current dividend of $2.50 per share. At what price will the stock sell?
Received a donation to fund honors student awards : The math department has received a donation to fund honors student awards.
Company exported processed healthy almond products : Your company exported processed healthy almond products to Canada, and received USD 3 million banker's acceptance that is due in six months.
What is amount of insurance on your personal property : You own a single-family home insured for $240,000 under a standard homeowner's insurance policy. What is the amount of insurance on your personal property?
Equipment can be leased : Assuming 0% taxes. Equipment can be leased at $12,000 per year (first payment at the end of year) for nine years or purchased at a cost of $68,000.
Revenue-enhancing and cost-reducing synergies : Outline the differences between Revenue-enhancing and Cost-Reducing synergies.
Find the depreciation schedule for methods : A food manifacturer is purchusing special handeling devices for food and beverage manufacture for $35,000. Find the depreciation schedule for following methods

Reviews

Write a Review

Financial Management Questions & Answers

  Briefly discuss the meaning of diversity

Briefly discuss the meaning of ‘diversity’ as used in today’s professional circles and organizations.

  Corporation issues a debt instruments

A corporation issues a debt instruments such as a bond that promises to pay you annually $60 for three years and $1,000 after three years. What is the maximum amount you would pay for this debt instrument if you wanted to ear 8%.

  Will you invest in company if there were no flotation costs

Will you invest in the company if a) there were no flotation costs or b) there were flotation costs, and why/why not?

  Compounded quarterly to accumulate this amount

How much does she need to place in saving account today that earns 3.41 percent per year compounded quarterly to accumulate this amount?

  Cost of preferred stock for use in calculating the WACC

Bosio Inc.'s perpetual preferred stock sells for $97.50 per share, and it pays an $8.50 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 4.00% of the price paid by investors. What is the company's..

  Importance of sound decision-making in risk

For the first time in a very long time, the concept of financial risk and risk management has become a topic of concern at Presidential press conferences. Such concern has centered on esoteric financial products such as derivatives that are used to m..

  How the choice of depreciation method affects

Provide recommendations and justifications of which depreciation method(s) are appropriate in this case. Explain how the choice of depreciation method affects reported profits.

  New supermarkets is major capital budgeting project

Opening a series of new supermarkets is a major capital budgeting project for the company. Describe and discuss the main items on the income statement and balance sheet that you think will be impacted by this new undertaking. Explain why you chose th..

  About the dollar and euro exchange rate

Murray Electric has agreed to buy precision lathes from Germany and is worried about the dollar/euro exchange rate. The total invoice amount is €800,000 to be paid in 6 months when the lathes are delivered. CrownJet has agreed to sell a 20-seater jet..

  Company must manufacture annually to not lose money

Sprockets sell for $5 and have fixed costs of $1 million per year and variable costs of $2 per sprocket. What is the minimum number of sprockets the company must manufacture annually to not lose money? Solve using excel functions.

  The balance sheet contains the

The balance sheet contains the

  Determine whether the tunnel should be constructed

Finance: in equity valuation is the discount rate for finding present value (of say a stock with growing dividends) equal to the companies required return (k) or the risk free rate? and why please if its a simple answer. Apply the benefit-cost-ratio ..

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