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Egle Industries feels that a lockbox system can shorten its accounts receivable collection period by 3 days. Credit sales are $3,240,000 per year, billed on a continuous basis. The firm has other equally risky investiments that earn a retun of 15%. The cost of the lockbox system is $9,000 per year. (Note: Assume a 365-day year.)
a. what amount of cash will be made available for other uses under the lockbox system?
b. What net benefit (cost) will the firm realize if it adopts the lockbox system? Should it adopt the propsed lockbox system?
Discuss and explain the economic and legal differences between holders of common stock, preferred stock and general creditors.
The value of the Australian dollar (A$) today is $0.73. Yesterday, the value of the Australian dollar was $0.69. The Australian dollar ________ by _______%.
You are about to sign up two new clients, a husband and wife, ages 60 and 57, respectively who are recently retired. All their assets are held jointly.
Fanta Cola has $1,000 par value bonds outstanding at 12% interest. The bonds mature in 25 years. Calculate the current price of the bond if the YTM is 16%?
Elephant Books sells paperback books for $7 each. The variable cost per book is $5. At current annual sales of 200,000 books, the publisher is just breaking even.
Examine and evaluate the disparity of your state's budget allocation for education and property tax to the various localities.
Backwater Corporation has 6% coupon bonds making annual payments with a YTM of 5.5%. The current yield on these bonds is 5.85%.
What would be the impact on labor and capital markets of such a shift in tax policy? What is the likely differential incidence of substituting a payroll tax for an equal-yield corporate income tax?
Assume the equilibrium real rate is 3 percent and the expected rate of inflation in the U.S. is 4 percent. Determine the equilibrium nominal interest rate?
You have found three investment choices for a one -year deposit: 10 %APR compounded monthly, 10 percent APR compounded annually , and 9 percent compounded daily.
Bonds current yield and yield to maturity and valuation and Assume that the yiel to maturity remains constant for the next 3 years
Calculate the equal annual deposits that you must make for the next 25 years( with the first deposit occurring one year from today) to achieve your desired retirement flow.
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