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?(Cost of factoring?) A factor has agreed to lend the JVC Corporation working capital on the following? terms: JVC's receivables average ?$95 comma 00095,000 per month and have a? 90-day average collection period.? (Note that? JVC's credit terms call for payment in 90? days, and accounts receivable average ?$285 comma 000285,000 because of the? 90-day average collection? period.) The factor will charge 13.2013.20 percent interest on any advance ?(1.11.1 percent per month paid in? advance) and a 22 percent processing fee on all receivables factored and will maintain a 2222 percent reserve. If JVC undertakes the? loan, it will reduce its own credit department expenses by ?$2 comma 0002,000 per month. What is the annual effective rate of interest to JVC on the factoring? arrangement? Assume that the maximum advance is taken. Note?: Assume a? 30-day month and? 360-day year.
What is the future value of $1,700 in 20 years assuming an interest rate of 7.0 percent compounded semiannually?
Explain why holding investments in portfolios has such a profound impact on the concept of financial risk.
what is the after-tax cost of debt? Disregard the tax shield from the amortization of flotation costs.
You find a certain stock that had returns of 12 percent, −13 percent, 24 percent, and 20 percent for four of the last five years. The average return of the stock over this period was 11.32 percent. What is the standard deviation of the stock’s return..
Briefly explain and discuss the difference between a call for sinking fund purposes and a refunding call. Describe the features of common stock.
?$1 000 TIPS? (Treasury Inflation-Protected? Security) is currently selling for ?$917 and carries a coupon interest rate of 4.29 percent. If you buy this? bond, how much will you receive for your first interest? payment, assuming no interest adjustme..
Many mutual funds and investment portfolios contain hundreds, if not thousands, of individual securities in their portfolio.
Assume you’ve generated the following information about the stock of Bufford’s Burger Barns: The company’s latest dividends of $4 a share are expected to grow to $4.32 next year, to $4.67 the year after that, and to $5.04 in three years. Use the vari..
In its negotiations with its investment bankers, ELR Inc. has reached an agreement whereby the investment bankers receive a smaller fee now (6.5% of gross proceeds versus their normal 10%) but also receive a 1-year option to purchase an additional 12..
USAco, a domestic corporation, manufactures and sells widgets in the U.S. and worldwide through its two wholly-owned foreign subsidiaries. USAco’s Hong Kong subsidiary, HKco, earns $100,000 of foreign-source income from sales in Hong Kong and pays $2..
Some say debt is expensive is equity is free. Some say equity is expensive and debt is lower cost that equity.
Given that the standard deviation of returns on the market is 10 percent, the standard deviation of the Hotel Lockhart is 20 percent,
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