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Anne Teak, the financial manager of a furniture manufacturer, is considering operating a lock-box system. She forecasts that 600 payments a day will be made to lock boxes with an average payment size of $2,000. The bank’s charge for operating the lock boxes is $.30 a check. The interest rate is .011% per day. a-1. If the lock box makes the cash available 2 days earlier, calculate the net daily advantage of the system. (Do not round intermediate calculations.) Daily interest saved $ a-2. Is it worthwhile to adopt the system? Yes No b. What minimum reduction in the time to collect and process each check is needed to justify use of the lock-box system? (Do not round intermediate calculations. Round your answer to 2 decimal places.). Minimum reduction in time days.
Abe is contemplating a college fund for his two children and would like to accumulate $100,00 in this fund In the upcoming 14 years. Abe would open the account today with a deposit of $4,000. How much would Abe have to deposit annually? How much woul..
What is the after-tax cost of preferred stock if the firm's tax rate is 31%?
You own a portfolio that has $2500 invested in Stock A and $3500 in Stock B. If the expected returns on these stocks are 10% and 16%, respectively, what is the expected rate of return on the portfolio?
A thrift has rate-sensitive assets of $25 million and rate-sensitive liabilities of $14 million?
What is the present value of the tax shield to a firm that has a capital structure consisting of $100million of perpetual debt and $180 million of equity, if then average interest rate on debt is 9%, the return on equity is 13%, and the marginal tax ..
Last year, Blanda Brothers had positive cash flow from operation; however, cash on its balance sheet decreased. Which of the following could explain this? The company issued new common stock. The company issued new long-term debt. The company sold of..
ABC corporation has a below average profit margin and a below average total asset turnover, yet their VP of Accounting claims the firm's ROE is above average! Which of the following is correct?
(Market value analysis) Lei Materials' balance sheet lists total assets of $1.16 billion, $132 million in current liabilities, $415 million in long-term debt, $613 million in common equity, and 58 million shares of common stock. If Lei's current stoc..
Prepare a "decay chart" for these billings. Net accounts receivable at the end of March for February billings.
Additionally, you know that the current stock prices are X(0) = 24 and Y (0) = 48. You wish to construct a risk-free portfolio that consists of 100 shares of X, N shares of Y , and investing B dollars at the risk-free rate. The cost of the portfolio ..
Lakonishok Equipment has an investment opportunity in Europe. The project costs €10 million and is expected to produce cash flows of €1 million in Year 1, €1.4 million in Year 2, and €2.5 million in Year 3. Use the exact form of interest rate parity ..
An investor is considering purchasing one of the following three stocks. Stock X has a market capitalization of $9 billion, pays a relatively high dividend with little increase in earnings, and has a P/E ratio of 12 . Stock Y has a market capitalizat..
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