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Alexis Morris, an assistant manager at a local department store, gets paid every 2 weeks by direct deposit into her checking account. This account pays no interest and has no minimum balance requirement. Her monthly income is $4,200. Alexis has a "target" cash balance of around $1,200, and whenever it exceeds that amount, she transfers the excess into her savings account, which currently pays 2.0% annual interest. Her current savings balance is $15,000, and Alexis estimates that she transfers about $500 per month from her checking account into her savings account. Alexis doesn't waste any time in paying her bills, and her monthly bills average about $2,000. Her monthly cash outlay for food, gas, and other sundry items totals about $850. Reviewing her payment habits indicates that on average she pays her bills 9 days early. At htis time, most marketable securities are yielding about 4.75% annual interest.Show how Alexis can better manage her cash balance.a. What can Alexis do regarding the handling of her current balances?b. What do you suggest that she do with her monthly surpluses?c. What do you suggest Alexis do about the manner in which she pays her bills?d. Can Alexis grow her earnings by better managing her cash balances? Show your work.
An insurance company is analyzing three bonds and is using duration as the measure of interest rate risk. What is the duration for each of the bonds? What is the relationship between duration and the amount of coupon interest that is paid?
excellent description of forward contracts. forward contract can be for currency exchange supply chain commodity prices
accounting earnings are useful in predicting one-year-ahead cash flows. is this sufficient? why or why
Why does the tax rate for a comprehensive consumption tax that is designed to replace an equal-yield comprehensive income tax have to be higher than the income tax rate? What is the impact on savings and excess burden in the investment markets?
Construct a delivery date profit or loss graph for a short position in a forward contract with a delivery price of $75. Analyze the profit or loss for values of the underlying asset ranging from $55 to $100.
Assume all of the same facts as in Part a., except that Roberta is self-employed. Identify which of the expenses are deductible, and indicate whether they are deductions for or from AGI.
What can be the benefits and risks of implementing “Virtual Integration”? List at least 3 benefits and 3 challenges for full credit.
What is the affect on return from inflation?
On a typical day, Park Place Clinic writes $1,000 in checks. It generally takes four days for those checks to clear. Each day the clinic typically receives $1,000 in checks that take three days to clear. What is the clinic's average net float?
Explain how BANK OF AMERICA site handles security, confidentiality and international issues. Please give specific responses For each part.
choose one of the public policy issues discussed in lesson 7 poverty corporate welfare or outsourcing do some
cost of capital suppose a firm uses its company cost of capital to evaluate all projects. will it underestimate or
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