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Shopfree Ltd is a retail company based in Lusaka. An Intern Analyst has extracted the following information for your review relating to the financial plan for the year ending 31st March, 2021. Sales (K'm)???????160Gross Profit mark-up (%)?????35 The operating cycle for the retail trading industry has been calculated as follows:
Inventory???????64 DaysReceivable???????88 DaysPayables???????110 DaysQuick ratio???????1.2 times Required:
Problem A. Calculate the expected investment in the following:
i. Inventory??????????ii. Receivables??????????iii. Payables
Problem B. Calculate the target current ratio.
Problem C. Determine the working capital requirement expected over the period. What would be the cost of financing the requirement if short term bank loans were at 8%???
Problem D. Advise when overdraft financing would be advisable as compared to receivables factoring.
Receive $10,000 at the end of year 4. With an interest rate of 13 percent, what is the net value of the payments vs. receipts in today's dollars?
Decision #1: Which set of Cash Flows is worth more now? Assme that your grandmother wants to give you generous gift. She wants you to choose which one of the following sets of cash flows you would like to receive:
Journal Entries for Plant Assets - Stellar Delivery Service had the following transactions related to its delivery truck: Stellar's depreciation policies include (1) using straight-line depreciation, (2) recording depreciation to the nearest whole mo..
The expected market return is 13 percent, and the risk-free rate is 5 percent. The company's marginal tax rate is 40 percent.
Discuss the various types of business-type funds used in governmental units and provide an example of when each is appropriate.
Prepare journal entries to record each of the above transactions. On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $140,000 in cash for the property. According to appraisals, the l..
Village council of the Village of Elizabeth planning to construct a new office building. Please make journal entries for the following events for the building capital project fund. Received $50,000 short term loan from the general fund. The bond with..
On April 1, 2014, West Company purchased $420,000 of 5.00% bonds for $436,550 plus accrued interest as an available-for-sale security. Interest is paid on July 1 and January 1 and the bonds mature on July 1, 2019.
You may not use firms that do not file 10-K financial statements such as certain foreign firms that use IFRS. You must use firms that file in accordance with U.S. GAAP.
If Penny bought a stock for $80 dollars and could sell it 15 years later for 4 times what she originally paid, what is Penny's return on owning this stock?
What is the Year 1 after-tax net operating cash flow? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box.
The accounting records of Westcott Company revealed the following costs: Factory utilities $ 35,000, Wages of assembly-line personnel 170,000, Customer entertainment 45,000
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