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Accrual income versus cash flow for a period Thomas Book Sales, Inc., supplies textbooks to college and university bookstores. The books are shipped with a proviso that they must be paid for within 30 days but can be returned for a full refund credit within 90 days. In 2014, Thomas shipped and billed book titles totaling $760,000. Collections, net of return credits, during the year totaled $690,000. The company spent $300,000 acquiring the books that it shipped.
a. Using accrual accounting and the preceding values, show the firm’s net profit for the past year.
b. Using cash accounting and the preceding values, show the firm’s net cash flow for the past year.
c. Which of these statements is more useful to the financial manager? Why?
You have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. The portfolio has a beta of 1. You are considering selling $100,000 worth of one stock with a beta of 0.8 and using the proceeds to purchase another s..
According to Experian, the average new car loan amount was $28,524 during the second quarter. Do a little research and find current interest rates for car loans in the US. Calculate the difference in interest paid over the life of a 36-month loan ver..
McLemore Industries has a zero coupon bond issue that matures in two years with a face value of $39,000. The current value of the company’s assets is $22,200, and the standard deviation of the return on assets is 50 percent per year. Assume the risk-..
All short-term debt is considered temporary financing. A capital lease incurs tax deductible interest expense. An operating lease is not tax deductible.
A venture has a beginning cash balance of balance if 50,000. The total cash available for needs before financing for June is 300,000 and it includes the beginning cash and cash receipts form collections of accounts receivable. If there is any deficit..
A? four-year-old truck has a present net realizable value of ?$5,500 and is now expected to have a market value of ?$1,700 after its remaining? three-year life.
In a minimum of 300 words, respond to the following: Select two different types of HCOs and comment on the most positive and most negative effects of using the cash versus accrual accounting method for the business. Compare and contrast the following..
Suppose a stock had an initial price of $59 per share, paid a dividend of $1.5 per share during the year, and had an ending share price of $67. Compute the percentage total return.
Castle View Games would like to invest in a division to develop software for video games. To evaluate this decision, the firm first attempts to project the working capital needs for this operation. Its chief financial officer has developed the follow..
A rich relative has bequeathed you a growing perpetuity. The first payment will occur in a year and will be $4,000.
Armbrust's bank has been pressuring the firm to improve its liquidity. Which of the following actions proposed by the CFO do you believe will actually achieve this objective? Why or why not?
What is the monthly payment? How much will Joan end up paying for the house if she lives there for 25 years? what will be the remaining loan balance?
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