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Receivables investment
McDowell Industries sells on terms of 3/10, net 30. Total sales for the year are $715,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 50 days after their purchases. Assume 365 days in year for your calculations.
What is the days' sales outstanding? Round your answer to two decimal places. x days
Consider a project with the following data: accounting break-even quantity = 19,000 units; cash break-even quantity = 16,000 units; life = three years; fixed costs = $160,000; variable costs = $30 per unit; required return = 10 percent. Ignoring the ..
Variable Cost per unit is $175, the sales price would be set at twice the VC/unit and fixed costs are $500,000. The target operating income (EBIT) is $350,000. What sales volume would be required in order to meet the minimum profit goal? (Hint: use b..
During 2014, Raines Umbrella Corp. had sales of $700,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $500,000, $90,000, and $95,000, respectively. what is the net new long-term debt?
An all equity firm has a cost of capital of 15 percent. The firm is considering switching to a debt-equity ratio of .65 with a pretax cost of debt of 7.5 percent. What will the firm's cost of equity be if the firm makes the switch? Ignore taxes.
Security X has an expected rate of return of 17% and a beta of 1.65. The risk-free rate is 4% and the market expected rate of return is 13%. According to the capital asset pricing model, security X has an expected return of ______________%. It is fai..
Wal-Mart has issued bonds with 7 years to maturity, a 7.5% coupon rate (paid semi annually), and $1,000 face value. If the price of the bond is $750, what is the current yield on the bond?
DYI construction co. is considering a new inventory system that will cost $750,000. the system is expected to generate a positive cash flows over the next four years in the amount of $350,000 in one year, $325,000 in year two, $150,000 in year three,..
Sandy Assam enjoys betting on horse and dog races. This year, she won $4,308 and lost $6,735 on her gambling activities. If Sandy's marginal tax rate is 25 percent, compute the aftertax cost of her gambling assuming that: a. She does itemize deductio..
Explain how your topic is used in global financing operations and describe its importance in managing risks.
An employer uses a career average formula to determine retirement payments to its employees. The annual retirement payout is 8 percent of the employees’ career average salary times the number of years of service. Calculate the annual benefit payment ..
A person purchased a house 20 years ago for $270,000 by paying 20% down and signing a 30-year mortgage at 9.45% compounded monthly. The current appraised value of the house is $390,000. If a bank will loan this person 95% of the equity in the house, ..
Assume that Mountain view Management Associates (MMA) is evaluating the feasibility of building a new hospital in an area not currently served by the company. The company’s analysts estimate a market beta for the hospital project of 1.2, which is som..
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