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Question - Bulldogs Inc. enters into an agreement with a firm that will factor the company's accounts receivable. The factor agrees to buy the company's receivables, which average P100,000 per month and have an average collection period of 30 days. The factor will advance up to 80% of the face value of receivables at an annual rate of 10% and a charge fee of 2% on all receivables purchased. The controller of the company estimates that the company would save P18,000 in collection expenses over the year. Fees and interest are not deducted in advance. Assuming a 360-day year, what is the annual cost of financing?
Evaluate Lehman's, Itoshi's and Tohoku's yield-to-maturity. Which bond(s) is/are traded at premium/discount/par value? Proof your answers with calculations
The issue price will be $1,000. The tax rate is 25%. If the flotation cost is 2% of the issue proceeds, then what is the after-tax cost of debt
Brown Company sold and delivered 58 units on June 30. Calculate the number and cost of goods available for sale
Anglo Corporation has a current ratio of 1.1. Jon has always been told that a corporation's current ratio should exceed 2.0.
Which of the following factors would not be directly relevant in negotiating a profit and loss sharing agreement for a partnership?
Assume 1,200 hours were used the first year and 2,250, the second year. What is the first-year depreciation for straight-line (SL)
Jobs 102 and 103 are finished in June, and Job 104 is expected to be finished in July. What is the cost of the raw materials requisitioned in June
In 2009, Ray incurs $60,000 of mining exploration expenditures, and deducts the entire amount for regular income tax purposes. Which of the following statements is incorrect?
Determine the maximum capital cost allowance (CCA) deduction for GPS for the year. Show opening and ending UCC
Discuss the differences between the indirect and direct methods of preparing the statement of cash flows. What do you believe are the most significant advantages and disadvantages of using each method? Explain your reasoning.
Compute its total asset turnover for the year ended September 28, 2013, and the year ended September 29, 2012. Assume total assets at September 24, 2011
Southwest Hospital has fixed costs of $100 million per year. What is the break-even point expressed in total revenue
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