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A supply company, sells on terms of3/10, net 30. Gross sales for the year are $1,200,000 and thecollections department estimates that 30% of the customers pay onthe tenth day and take discounts, 40% pay on the thirtieth day, andremaining 30% pay, on average, 40 days after the purchase. (Assume360 days /year.)
1. Calculate the firm's average collection period.2. Calculate the firm's current receivables balance.3. Calculate the firm's new receivables balance if the company toughened up on its collection policy, with the result that all non-discount customers paid on the30th day.
Please write a memo to the CEO making the case why this should be the first and arguably the most important question that is asked, and present a plan to train all of your loan officers on getting this information.
ABC Inc. has CAD20,000,000 interest payment due on September 19th and is concerned about the possible CAD appreciation. Find out the USD cost of interest payment for ABC Inc?
It will cost $2,800 to acquire a small ice cream cart. Cart cash flows are expected to be $2,000 a year for three years. After the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. What..
You have just won $120,000 from a contest. If you invest the whole $120,000 in a tax-free money market fund earning 6% compounded weekly, how long do you have to wait to become a millionaire? Round to 2 decimal places.
If Clearwater Glass has an opportunity cost equal to 10 percent, how much would it be willing to spend each year to reduce collection delay (float) by two days?
Hurd Corporation acquired a building valued at $160,000 for property tax purposes in exchange for 10,000 shares of its $5 par common stock. The stock is widely traded and selling for $15 each share.
Compute basic and diluted EPS (rounded to 2 decimal places) for the year ended December 31, 2013.
Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $3,880, deposits outstanding of $1,230, NSF check of $300, and service fee of $50.
Solve using the straight line method, The following transactions were completed by Simmons Inc., Whose fiscal year is the calendar year:
The required return is 10%. At what price should Key Marketing Corporation's stock be selling in the market?
Hilton common stock is trading (on the NYSE) at $24.05 per share and the bonds are trading at $1,475.
The Microsoft antitrust trial has been one of the biggest investigations of antitrust behavior since the turn of the century. Divide your group into two sides: one that supports the government side, and one that support's Microsoft's side.
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