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If average daily remittances are $1 million, and "extended disbursement float" adds 10 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 11% on excess funds.
$0
$1,100,000
$1,110,000
$100,000
Price Corp. is considering selling to a group of new customers and creating new annual sales of $380,000. 4% will be uncollectible. The collection cost on these accounts is 5% of new sales, the cost of producing and selling is 82% of sales and the firm is in the 31% tax bracket. What is the profit on new sales?
$23,598
$29,966
$33,598
$311,600
Modos Company has deposited $4,090 in checks received from customers. It has written $1,510 in checks to its suppliers. The initial bank and book balance was $480. If $3,470 of its customer's checks have cleared but only $430 of its own, calculate its float.
$560
$460
$610
$1,050
Massa Machine Tool expects total sales of $11,000. The price per unit is $4. The firm estimates an ordering cost of $6.64 per order, with an inventory cost of $.56 per unit. What is the optimum order size? (Round your answer to the nearest whole number.)
153 units
102 units
255 units
128 units
Consider the following situation. Tricon Piping Systems manufactures small diameter potable polyethylene water pipe and achieves distribution primarily through plumbing wholesalers. The firm also sells directly to large construction companies, often ..
Calculate the budgeted sales for the 4 years and company has taken a loan for financing the new machine for apple juice production, this has been added to long term debt.
You are considering a 30-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require an "effective" annual interest rate.
What would you pay for a $200,000 bond that matures in 10 years and pays 8% interest (stated or coupon rate) a year if you wanted to earn a yield of 6% (market rate)? Please show work.
Does arbitrage destabilize foreign exchange markets and arbitrage can be loosely defined as capitalizing on a discrepancy in quoted prices by making a riskless profit
How and why does working capital affect the incremental cash flow estimation for a proposed large capital budgeting project? Explain
An analyst is evaluating securities in a developing nation where the inflation rate is very high. As a result, the analyst has been warned not to ignore the cross product between the real rate and inflation. what average rate of inflation is expected..
What is the asymmetric information concept? What role does this concept play in a company's decision to change its financial structure or issue new securities?
Railway Cabooses just paid its annual dividend of $4.10 per share. The company has been reducing the dividends by 12.5 percent each year. How much are you willing to pay today to purchase stock in this company if your required rate of return is 14 pe..
What are the major expenses associated with making consumer loans? What is the average size of consumer installment loans at small banks? How does loan size affect loan rates that banks charge on consumer loans?
If an individual actively participates in the management of a rental property, he may deduct the full amount of the passive activity losses from active income, regardless of his adjusted gross income. Property held as a personal residence cannot be d..
A company is considering new automated cleaning equipment. The engineer for the company has been asked to calculate the present worth of the proposed alternative. The market value at the end of the five year study period is 12.5% of the initial cost...
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