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ABC Company has the following projected sales: Month Sales $ Jan 39,085 Feb 44,159 Mar 46,218 Apr 29,506 2. 14% of the sales are on cash and the remainders are on credit. Out of the credit sales, 58% are collected in the first month after sale, 10% are collected in the second month after sale, and the remainders are collected in the third month after sale. What is the amount of the April collections? 3. Enter your answer rounded off to two decimal points.
Distinguish among surveys, experiments and observational methods of primary data collections. Cite examples of each method. Define and give an example of each of the methods of gathering survey data. Under what circumstances should researchers choose..
Delta Inc. is considering the purchase of a new machine which is expected to increase sales by $10,000 in addition to increasing non-depreciation expenses by $3,000 annually. The firm has a marginal tax rate of 34 percent, and its required rate of re..
The lender deducts this interest amount from the loan up front and gives you $17,500. In this case, we say that the discount is $2,500. What is the effective interest rate?
On September 1, 2009, Susan Chao bought a motorcycle for $26,000. She paid $1,200 down and financed the balance with a five-year loan at a stated annual interest rate of 6.8 percent, compounded monthly. She started the monthly payments exactly one mo..
Imagine that a bank will only lend if it can earn a rate of return of 6% on a loan. Further, imagine it incurs administrative costs of $40 per loan it makes, regardless of the size of the loan. Throughout the problem, assume for simplicity that the l..
Assuming that the stock market is efficient, is each of the following statements true or false. The stock price of Company X doubled over the past year, the stock price of Company Z decreased by over 50%. Company X is the better stock investment toda..
You own a 30 year, $ 1000 face value bond with a coupon of 8%, that you bought for $ 1000. 5 years later you now want to sell it. The market price is $ 850. Compute the yield till maturity for the buyer. What were you rating of return?
A bond has a $1,000 par value, 10 years to maturity, and a 8% annual coupon and sells for $980. What is its yield to maturity (YTM)? Round your answer to two decimal places.
Would you recommend a project that has a net investment at time 0 of $15,500 and a single net cash flow of $28,600 at the end of the fifth year if the required rate of return is 12.5%?
Accounts receivable changes without bad debts Tara’s Textiles currently has credit sales of $360 million per year and an average collection period of 60 days. Calculate the additional profit contribution from sales that the firm will realize if it ma..
Your division is considering two investment projects, each of which requires an up-front expenditure of $2,266,000.00. You estimate that the investments will produce the following net cash flows: Year Project A 1 $5,250,000 2 10,640,000 3 20,990,000 ..
Calculate the difference between the future value of an investment compounded at a daily rate and the future value of an investment compounded at an annual rate, given the following data: (a) Present Value: $125,670, (b) Interest Rate: 6.5%, and (c) ..
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