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P14-14 Float Simon Corporation has daily cash receipts of $65,000. A recent analysis of its collections indicated that customers' payments were in the mail an average of 2.5 days. Once received, the payments are processed in 1.5 days. After payments are deposited, it takes an average of 3 days for these receipts to clear the banking system. a. How much collection float (in days) does the firm currently have? b. If the firm's opportunity cost is 11%, would it be economically advisable for the firm to pay an annual fee of $16,500 to reduce collection float by 3 days? Explain why or why not.
Analysts are forecasting that SimpleCorp will report free cash flow in the coming years as follows, In addition, analysts expect SimpleCorp shares to experience no multiple expansion or contraction and therefore to trade throughout the forecast an in..
The state income tax rate is 3%, and the federal income tax rate is 34%. State income taxes are deductible from federal taxable income. What is this firm's after-tax MARR? (Enter your answer as a percent without the percent sign.)
Using the information below, create a decision tree for John Smith Framing and compute the expected value for each printer. Which printer should the framing store purchase?
The conservatism principle arises because of concerns about management's incentives to overstate the company's performance
Global com has cash of $75,000; short - term notes payable of $100,000; accounts receivable of $275,000; accounts payable of $135,000: inventories of $350,000; and accrued expenses of $75,000. What is Global's net working capital?
The extent of the benefits of portfolio diversification depends on the correlation between returns of securities. Briefly discuss the relationship between the portfolio risk and coefficient of correlation.
The proceeds received would be reinvested by the Canadian subsidiary in Canada. In this way, Vogl Co would not have to cover Canadian dollars to U.S. dollars each year. Has eliminated its exposure to exchange rate risk by using this strategy?
Determine the effective rate of interest for a nominal rate
Calculate the cost of capital for the individual components in the capital structure, and then calculate the weighted average cost of capital for Seabreeze. Consider after-tax cost of capital in your calculations.
Chow Corporation is an insurance company in Hong Kong. Chow hires fifty-five people to process insurance claims. The volume of claims is extremely high and all claims examiners are kept extremely busy.
A salesperson's monthly pay depends on the volume of sales. She receives a base salary of $1900 per month and $800 for each unit of product she sells during the month. Which equation could be used to represent the salesperson's pay?
Explain the role of the United State Federal Reserve, Federal Reserve Chairman, & Board, indicating its effectiveness in today's economic environment. Provide support for rationale.
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