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Receivables investment
McEwan Industries sells on terms of 3/10, net 40. Total sales for the year are $656,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 62 days after their purchases. Assume 365 days in year for your calculations.
What is the percentage cost of trade credit to customers who take the discount? Round your answers to two decimal places. %
What is the percentage cost of trade credit to customers who do not take the discount and pay in 62 days? Round your answers to two decimal places. Do not round intermediate calculations.
Nominal cost: %
Effective cost: %
Which two of the six methods used to evaluate projects, and to decide whether or not they should be accepted, do you prefer as a financial manager? Explain why you decided on these two and not the other four. List the perceived deficiencies of the fo..
Marshall's & Co. purchased a corner lot in Eglon City five years ago at a cost of $590,000. The lot was recently appraised at $657,000. The company now wants to build a new retail store on the site. The building cost is estimated at $1,280,000. What ..
The sales-to-inventory ratio:
Cash and a credit to Accounts Receivable. Cash and a credit to Accounts Payable.
Your local bank has offered you a 20-year, $100,000 mortgage. Calculate the annual mortgage payment.
Are portfolio managers willing to pay a premium for securities that reduce the systematic (market) risk of their portfolios? If so, why pay a premium? What makes a beta coefficient important when constructing a portfolio? If portfolio risk equals mar..
Prepare a monthly cash flow for a company with the given information, and need to comment on the current performance and the future sales increment.
Kim Lee is trying to decide whether she can afford a loan she needs in order to go to chiropractic school. Right now Kim is living at home and works in a shoe store, earning a gross income of $1010 per month. Calculate her debt payments-to-income rat..
Sincere Stationery Corporation needs to raise $546,000 to improve its manufacturing plant. It has decided to issue a $1,000 par value bond with a 10.8 percent annual coupon rate and a 10-year maturity. The investors require a 7.2 percent rate of retu..
At what price should the annual payment bond sell?
You have $16,000 to invest in a mutual fund with a NAV = $45. You choose a fund with a 4% front load, a 1% management fee, and a 0.25% 12b-1 fee. Assume that the management and 12b-1 fees are charged on year-end assets. The gross annual return on the..
Project K costs $35,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 9%. What is the project's discounted payback?
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