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Question - You are the assistant manager at a local restaurant and you get paid every 2 weeks by direct deposit into your savings account. This account pays no interest and has no minimum balance requirement. Your monthly income is $6,000. You have a target cash balance of approximately $1,000; whenever it exceeds this amount you transfer the excess into your mutual fund account which pays approximately 1% annual interest. Your current mutual fund account balance is $10,000. You estimate that you transfer approximately $800 per month from your 0% interest savings account into your mutual fund account.
Your monthly bills average $1,200 and you usually pay your bills on receipt. Your monthly cash outlay on food, fuel, rent, and other sundry items is $4,000. Reviewing your payment habits indicates that on average you pay bills 9 days early. At this time, most marketable securities pay an annual interest rate of 4%.
Discuss how you can better manage your cash balances. Please ensure you explain what you can do regarding your current mutual funds account balances, and your monthly surpluses.
Identify and share three observations or assumptions you can make about the company from your review. Reading a financial statement in today's business
Suppose that you buy a 1-year maturity bond for $1,000 that will pay you back $1,000 plus a coupon payment of $60 at the end of the year. What real rate of return will you earn if the inflation rate is
Suppose you purchase a? ten-year bond with 4%. What cash flows will you pay and receive from your investment in the bond per $100 face? value?
A private company that designs, manufactures and distributes certain consumer products. In this fiscal year, Detox had revenues of $325M and earnings of $15M. Detox company has filed a registration statement with the SEC for its IPO.
Cameron Company, What amount will be reported on Cameron Company's balance sheet as Estimated Warranty Liability on December 31, 2021?
Identification of several factors of materiality and Identify several factors considered by an accountant in deciding whether an item is "material."
The agreed capital of the partnership after the admission of Oppo is P310,000. Determine the capital balance of Apple after the admission of Oppo
Financial statements for Oracle Corporation and Microsoft Corporation, respectively, you will calculate and compare the financial ratios listed further down this document for the fiscal year
The October 31 Cash balance was $18,600. Determine how much cash the company had at the close of business on September 30.
An inventory turnover ratio of 10.5. What was the company's Days Outstanding in Inventory. Assume a 365 day year. Round to one decimal place.
Explain the objectives of general purpose financial reporting, the nature of users, and the information to be provided to users to achieve the objectives
Calculate the bonds' issue price by using (1) factor , a financial calculator, or xcel function PV. (For calculation purposes, use 5 decimal places)
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