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Question - Cash & Credit Supermarket Inc. currently asks its credit customers to pay by the end of the month after the month of delivery. In practice, customers take rather longer to pay - on average 70 days. Sales revenue amounts to 8 million a year and bad debts to 20,000 a year. The company planned to offer customers a cash discount of 2% for payment within 30 days. Cash & Credit Supermarket estimates that 50% of customers will accept this facility but that the remaining customers, who tend to be slow payers, will not pay until 80 days after the sale. At present the business has an overdraft facility at an interest rate of 12% a year. If the plan goes ahead, bad debts will be reduced to 10,000 a year and there will be savings in credit administration expenses of 6,000 a year. (Use 360 days) How much is the net cost/benefit of the proposed policy?
Gulig and Doherty, a law firm, started 2012 with accounts receivable of $26,000 and an allowance for uncollectible accounts of $2,000. The 2012 service revenues on account totaled $183,000, and cash collections on account totaled $133,000. During 201..
Find and Outline sources of information about clouding computing and the options specific to your own workplace scenario or small business ARight scenario.
Provide percent and Apportioned value. ABC paid $980,000 for land appraised at $394,900, building $369,700 and Q2 land improvements $75,600.
If end of year inventory turnover was increased to 11 through more efficient relationships with suppliers, how much cash would be freed up
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Perform vertical analysis on the income statements and balance sheet information for fiscal periods 2011 and 2010.
Business has been good for Keystone Control Systems, as indicated by the eleven-year growth. Determine the compound annual rate of growth in earnings (n = 11).
What would be reported for Cost of Goods Sold on the income statement for the year ending December? 31, 2025 if the perpetual inventory system
Find the IRR for the following project: Outflow is $200,000; required rate of return is 18%; inflows are $50,000, $70,000, $80,000, and $100,000
However, this project would compete with other TexMex products and would reduce their pre-tax annual cash flows. What is the project's NPV?
The margin requirement on the S&P 500 futures contract is 10%, and the stock index is currently 1,200. Each contract has a multiplier of $250. How much margin must be put up for each contract sold? If the futures price falls by 1% to 1,188, what will..
Identify where this investment would be classified on the balance sheet of Cookie & Coffee Creations Inc. and explain why. What amount would appear on the balance sheet under each of the methods of accounting for the investment?
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