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Frank is the receiving dock supervisor for Cabinet Co., a company that manufactures metal storage cabinets. His job is to supervise the inspection, and stocking of components and materials used in the manufacture of the cabinets as they are delivered; and to so notify the accounting department so invoices can be timely paid. On June 1, the company received a shipment of casters used in the manufacture of rolling cabinets. This new shipment would not be needed for three weeks as there were plenty of casters located on the assembly line. The storage facilities where the casters would normally be placed were under renovation, and there would be no space to store this latest shipment of casters until June 20. Frank decided to leave the unopened boxes of casters in a secure and covered corner of the receiving dock. He did, however, notify the accounting department that the casters had been received. The accounting department paid the $8,000.00 invoice in time to earn the discount if paid within ten days.On June 20 Frank had his workers open the boxes of casters to inspect then and place them in the appropriate space in the storage facility. Upon inspection it was determined that nearly all of the casters were defective and unusable. This caused the company to default on several contracts for rolling cabinets as it ran out of casters before it could secure replacements for the defective ones. Cabinet Co. was able to replace the casters at a 15% increase in cost.Discuss Cabinet Co.'s remedies, duties and obligations with respect to the casters.
Forecasting the future is obviously a daunting challenge. All things considered, how well do you think PJMC is doing?
The annual interest rate on one-year, U.S. government bonds is 5 percent. The annual interest rate on one-year Swedish government bonds is 7 percent.
It appears the annual payment required to reach your target is more than you can afford. If the most you can afford to invest each year is $1,200 what average annual rate of return must you earn in order to reach your target?
Your firm's weighted average cost of capital is 11 percent. You believe the company should make a particular investment, but the IRR of this investment is only 9 percent.
What is the estimated annual change to Year 1-n cash flow due to depreciation from a capital budgeting investment costing $100,000 with a useful life of 12 years and a salvage value of $28,000? Assume a 34% tax rate and straight-line depreciation.
What steps can this company take to diversify its portfolio? Define diversification and its necessity in risk management. Discuss at least 5 steps to diversify the card business.
Unfortunately, any cases not sold by the end of the month are of no value, due to spoilage. How many cases of cheese should Jason manufacture each month?
If the Friendly National Bank experiences a required reserves deficit, what actions can it take to be in compliance with the existing required reserves ratio?
the haley corporation has just announce year end results as followsvalue of company assets 12500000value of company
If an American Corporation were to expand in Brazil and could not increase the finances needed for the expansion operation in Brazil, what are the other options for raising the finances needed?
The Gold Rush Mining Corporation is concerned about short-term volatility in its revenues. Gold currently sells for $300 an ounce, but value is volatile and could fall as low as $280 or rise as high as $320 in the next month.
The Green Giant has a 5 percent profit margin and a 40% divided payout ratio. The total asset turnout is 1.40 and the equity multiplier is 1.50. Determine the Sustainable rate of growth?
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