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Cash Management
Solve the following problem. Norma's Cat Food of Shell Knob ships cat food throughout the country. Norma has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by two and one-half days. Furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. The bank has a remote disbursement center in Iowa.
a. If the company has $5 million per day in collections and $3 million per day in disbursements, how many dollars will the cash management system free up? Justify your answers.
b. If the company can earn 8 percent per annum on freed-up funds, how much will the income be? Justify your answers.
c. If the annual cost of the new system is $800,000, should it be implemented? Explain why or why not.
Calculate the yield to maturity (YTM) for each bond. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a bond? Explain.
What percentage of costs are variable? How does volume affect variable costs? What are two problems associated with assigning indirect costs to departments?
The following data has been provided by the Evans Retail Stores, Corporation, for the first quarter of the year:
sales for petro equipment are expected to be 5800 units for the coming month. the company keeps a 25 of unit sales for
One year ago, you purchased 500 shares of Best Wings, Inc. stock for $4,800. The company pays an annual dividend of $.10 per share. Today, you sold all of your shares for $7,800. What is your total percentage return on this investment? please show..
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Construct a comparative balance sheet for Contemporary Wood Furniture for year- end 2010 and 2011, including a vertical and horizontal analysis of the comparative balance sheet. Express percent's to the nearest tenth of a percent.
What are the main weaknesses associated with type of analysis - Critically analyse the aspects of performance over the period of 5 years
What are the pros and cons of using expatriates, host-country nationals, and third-country nations to run overseas operations? If you were expanding your business, what approach would you use?
Identifying or predicting positive and negative outcomes at Network Solutions, Inc. may be aided by the information on page 22 of the text where the author identifies the characteristics of an ideal performance management system.
Michelle Adams is deciding on one of two career choices, before retiring in 20 year time. Choice 1 Michelle can go to a prestigious graduate school for two years and obtain a degree. Including tuition and living expenses, she expects to pay $35,000 a..
Determine the present value of an ordinary annuity with monthly payments of $274.14 for 48 months at 12 percent compounded monthly.
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