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If average daily remittances are $1 million, and "extended disbursement float" adds 10 days to the disbursement schedule, how much should the firm be willing to pay for a cash management system if the firm earns 11% on excess funds.
$0
$1,100,000
$1,110,000
$100,000
Price Corp. is considering selling to a group of new customers and creating new annual sales of $380,000. 4% will be uncollectible. The collection cost on these accounts is 5% of new sales, the cost of producing and selling is 82% of sales and the firm is in the 31% tax bracket. What is the profit on new sales?
$23,598
$29,966
$33,598
$311,600
Modos Company has deposited $4,090 in checks received from customers. It has written $1,510 in checks to its suppliers. The initial bank and book balance was $480. If $3,470 of its customer's checks have cleared but only $430 of its own, calculate its float.
$560
$460
$610
$1,050
Massa Machine Tool expects total sales of $11,000. The price per unit is $4. The firm estimates an ordering cost of $6.64 per order, with an inventory cost of $.56 per unit. What is the optimum order size? (Round your answer to the nearest whole number.)
153 units
102 units
255 units
128 units
Kinky Copies may buy a high-volume copier. The machine costs $170,000 and will be depreciated straight-line over 5 years to a salvage value of $30,000. Kinky anticipates that the machine actually can be sold in 5 years for $37,000.
Your firm is contemplating the purchase of a new $536,500 computer-based order entry system. The system will be depreciated straight-line to zero over its 5-year life. It will be worth $52,200 at the end of that time. The tax rate is 34 percent and y..
Bourdon Software has 8.4 percent coupon bonds on the market with 20 years to maturity. The bonds make semiannual payments and currently sell for 107 percent of par. What is the Current Yield on the bonds? What is the Effective Annual Yield?
Jute Corporation's common stock has a beta of 1.1. The risk free rate is 3% and the market return is 7%. The company announces that starting next year it will pay a dividend of $13 forever. What is the estimated share price now? Compared to Google___..
As a financial manager, what can you do to make sure your company stays solvent and is not too liquid? How do you determine if the company has too much liquidity?
Present value for various discounting periods. Find the present value of $700 due in the future under each of these conditions: What interest rate are you being charged?
DMA Corporation has bonds on the market with 16.5 years to maturity, a YTM of 6.3 percent, and a current price of $1,036. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds?
The Great Giant Corp. has a management contract with its newly hired president. The contract requires a lump sum payment of $25,100,000 be paid to the president upon the completion of her first 7 years of service. The company wants to set aside an eq..
Cray-Z Consultants provides management accounting advice to not-for-profit firms. It employs three levels of consultants, based on experience and education: partner, senior, and associate. When Cray-Z considers bidding on jobs, it estimates the costs..
Bunge paid $3.25 in dividends in the most recent past year, which is the same amount they have paid in the prior two years. Ten years ago, Bunge dividends were $1.50 per share. What is the compound average annual growth rate for Bunge dividends over ..
Wainright Co. has identified an investment project with the following cash flows. If the discount rate is 10 percent, what is the present value of these cash flows? What is the present value at 18 percent? At 24 percent?
Samson's purchased a corner lot five years ago at a cost of $640,000. The lot was recently appraised at $820,000. At the time of the purchase, the company spent $50,000 to grade the lot and another $4,000 to build a small building on the lot to house..
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