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Foster Industries sells on terms of 2/10, net 35. Gross sales last year were $450,000, and ac- counts receivable averaged $60,000. Half of Foster’s customers paid on Day 10 and took discounts. (a) What are Foster’s sales net of cash discounts taken? (b) What is the total dollar finance charge paid by the non-discount-paying customers? (c) What is the average collection period (DSO) for the non discount customers? Foster Industries sells on terms of 2/10, net 35. Gross sales last year were $450,000, and ac- counts receivable averaged $60,000. Half of Foster’s customers paid on Day 10 and took discounts. (a) What are Foster’s sales net of cash discounts taken? (b) What is the total dollar finance charge paid by the non-discount-paying customers? (c) What is the average collection period (DSO) for the non discount customers?
Would you recommend buying or selling this stock? Why? If your expected rate of return from the stock of Bulldog is 15 percent, what would you expect to happen to Bulldog's stock price?
In an effort to speed up the collection of receivables, Hill Publishing Company is considering increasing the size of its cash discount by changing its credit terms from "1/10, net 30" to "2/10, net 30". Currently, the company's collection period ave..
What are the conditions that affect the success or lack of success in cross border acquisitions by multinational corporations? Give an example
Curran Contracting is issuing new 25-year bonds that have warrants attached. If not for the attached warrants, the bonds would carry an 11% annual interest rate. However, with the warrants attached the bonds will pay an 8% annual coupon. There are 30..
You have $69000, you put 18% of your money in a stock with an expected return of 12%, $40000 in a stock with an expected return of 17%, and the rest in a stock with an expected return of 18%. What is the expected return of your portfolio?
Assume a healthcare organization is analyzing a capital investment project with greater risk than that of the organization’s average project. Which of the following cost of capital alternatives would be most appropriate for analyzing the project’s ne..
The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Flannery has a P/E ratio of 6.35, 71,000 shares outstanding, and earnings of $239,000. Stultz has a P/E ratio of 12.70, 132,000 shares outstanding, an..
The Clayton Manufacturing Company is considering an investment in a new automated inventory system for its warehouse that will provide cash savings to the firm over the next five years. The firm’s CFO anticipates additional earnings before interest, ..
A homeowner takes a 30-year fixed-rate mortgage for $145,000 at 8.05 percent. After twelve years, the homeowner sells the house and pays off the remaining principal. How much is the principal payment?
The Falling Snow Company is considering production of a lighted world globe that the company would price at a markup of 0.30 above full cost. Management estimates that the variable cost of the globe will be $70 per unit and fixed costs per year will ..
A predetermined overhead application rate:
Last year Star Inc paid a dividend of $1.50 on its common stock last year. You expect the dividend will increase at 15% each year over the next three years; but after that, a normal growth rate of 5% is expected for the foreseeable future. Calculate ..
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