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Statement of Profit and Loss for the year ended 31 Dec 2013
Revenue is all on credit terms and beginning invenories from cost of sales is $702,000
Statement of FInancial Position as at 31 Dec 2013
Jane, the finance director of Kiwi Co. is looking to improve the firm's working capital management. she is thinking of extending an early settlement discount of either 2/15, net 90 or 1/10 net 60 for all customers.
Regardless of which proposal is implemented, the level of trade receivables is expected to reduce by the same amount.
(a) Calculate the cash conversion cycle of FY2013
(b) Calculate the cost of implementing the trade credit scheme (in %). analyse which credit terms shuld Kiwi zco. extend to its customers.
You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $5,100,000, and it would be depreciated straight-line to zero ove..
NOMINAL INTEREST RATE AND EXTENDING CREDIT As a jewelry store manager, you want to offer credit, with interest on outstanding balances paid monthly.
You are interested in investing in a portfolio including stocks A, B, C and D. You have talked to three different financial strategists: Dan, Paul and Mary.
What would the price have to be at the end of year 2 in order to earn a 20 percent IRR on equity? (Show and explain all necessary calculations.)
You currently own 600 shares of JKL, Inc. JKL is an all equity firm that has 75,000 shares of stock outstanding at a market price of $40 a share. The company's earnings before interest and taxes are $140,000. JKL has decided to issue $1 million of de..
what would the risk-free rate have to be for the two stocks to be correctly priced?
Calculate and interpret the volume and management variances on the cost side.
The prevailing discount rate is 15% per annum. - What are the prices of these two firms? Which one is the better "buy"?
Calculate the EPS before and after the change in capital structure and indicate changes in EPS.
The average age of engineering student at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to save each month to become a millionaire by the end o..
The Home Supply Co. has a current accounts receivable balance of $280,000. Credit sales for the year just ended were $1,830,000. How many days on average did it take for credit customers to pay off their accounts during this past year?
Use the following industry average ratios, to construct a pro forma balance sheet, for Mendoza Distributors, Inc. The company's fixed assets are $ nothing
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