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P14-15 Lockbox system Eagle Industries feels that a lockbox system can shorten its accounts receivable collection period by 3 days. Credit sales are $3,240,000 per year, billed on a continuous basis. The firm has other equally risky investments that earn a return of 15%. The cost of the lockbox system is $9,000 per year. (Note: Assume a 365-day year.) a. What amount of cash will be made available for other uses under the lockbox system? b. What net benefit (cost) will the firm realize if it adopts the lockbox system? Should it adopt the proposed lockbox system?
Rise Above This, Inc., has an average collection period of 64 days. Its average daily investment in receivables is $42,800. Assume 365 days per year.
What is the discounted payback period for these cash flows if the initial cost is $5,900?
Suppose the Robinson Company had a cost of goods sold of $1,000,000 in 2010 and $1,200,000 in 2011.
On April 14, 1994, Bill Shaw, retired policeman, offered to sell Thurgood his 1965 Mustang convertible for= $1,000.
The next dividend by mosby, inc will be $2.85 per share. the dividends are anticipated to maintain a 7.50 percent growth rate, forever. assume the stock currently sells for $49.30 per share. What is the dividend yield? what is the expected capital..
Quest Laboratories last dividend was $1.50. It's current equilibrium stock price is $15.75, and its expected growth rate is a constant 5%. If your required rate of return is 15 percent,
Discuss the validity of the following statements in both the short run and long run.
Computation of value of the bond and Calculate for each bond the percentage price change associated with a change of yield to maturity
Select a corporation at that your organization may consider a competitor. Then, using the example of high-low calculations for breakeven, compute that organization's break-even point in sales dollars.
The new CFO wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio?
You get a bid-ask quote on the AUD of 1.34-1.37 USD/AUD. How many AUD will you be able to buy with 100 USD?
Determine the after-tax cash flow from the unamortized discount associated with the retirement now of each of these bonds, using the values developed in part.
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