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Hot Foot Shoes would like to maintain its cash account at a minimum level of $40,000, but expects the standard deviation in net daily cash flows to be $5,500, the effective annual rate on marketable securities to be 6.0 percent per year, and the trading cost per sale or purchase of marketable securities to be $150 per transaction.
What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places.)
Optimal Cash return point ?
The cost of debt is lower than the costs of stocks. Cost of Preferred stock is higher than the cost of common stocks.
Wilber Corporation is considering replacing a machine. The replacement will cut operating expenses by $24,000 per year for each of the 5 years the machine is expected to last. Although the old machine has a zero book value, it has a remaining useful ..
Universal Financial, Inc. has total current assets of $1,200,000; long-term debt of $600,000; total current liabilities of $500,000; and long-term assets of $800,000. How much is the firm's net working capital?
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A 10-year bond with face value of 2000 and coupon rate of 8% was purchased to give effective annual yield of 10% until maturity. After the 13th coupon, the bond was sold at the price to give a seller effective annual yield of 12%. What price was the ..
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You are Jonathan Smith, the Executive Director (Sales) of Westpool Washing Machines. You manage three regions with a sales force of nearly 200 sales men and women. As Jonathan Smith, write a letter to Samuel Brown to express your disappointment (you ..
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