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Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's 2013 sales (all on credit) were $168,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.87 times during the year. Its receivables balance at the end of the year was $13,176.49 and its payables balance at the end of the year was $7,404.92. Using this information calculate the firm's cash conversion cycle. Round your answer to the nearest whole. Round the days amounts in your intermediate calculations to the nearest whole day. Do not round other intermediate calculations.
__________days
Luke Athletics Inc. has purchased a $200,000 machine to produce tennis balls. The machine will be fully depreciated by the straight-line method for its economic life of five years and will be worthless after its life. What is the present value of the..
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 9 years, and a cost of capital of 11%. What is the project's discounted payback period?
Should the sales resulting from a renewed agreement be included? Why or why not?- Should Blades establish a subsidiary in Thailand under these conditions?
Corizon company balance sheet and income statement shown below (million). Calculate the pre-tax earning before and after the recapitalization?
Interest versus dividend income During the year just ended
Find the Macaulay duration and the modified duration of a 20 year, 12.0% corporate bond priced to yield 10.0%. According to the modified duration of this bond, how much of a price change would this bond incur if market yields rose to 11.0%. Using ann..
Shinoda Corp. has 8.82 percent coupon bonds making annual payments with a YTM of 7.08 percent. The current yield on these bonds is 7.68 percent. How many years do these bonds have left until they mature?
Lucas Construction just purchased a new track hoe attachment costing $12,500. The CFO, Mr. Cameron Lucas, expects the implement will be used for five years when it is estimated to have a salvage value of $4,000. Maintenance costs are estimated to be ..
what is the ending balance of Class A securities after the year 1 payments? (State your answer as a positive number, rounded to the nearest cent.) A CMO is being issued with 3 tranches. The A tranche will consist of $20M of principal and have a coupo..
Outdoors sells specialty tents for mountain climbers. Its sales for last year included $99,000 of tents and $148,000 of climbing gear. For next year, management has decided to sell specialty sleeping bags also. As a result of this change, sales proje..
Source Funding Cost of Funding Loan $700,000 8%/year/month Bonds $500,000 6%/year/quarter Common Stock $400,000 $0.75 dividend/year; 5% annual share price growth Retained Earnings $400,000 Great Eats effective tax rate is 34% with taxes paid annually..
West Side Dental Group is considering investing in a new dental instrument. The instrument costs $90,000 and can be depreciated to zero on a straight-line basis over its life of 3 years. The instrument is expected to have no salvage value. Currently,..
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