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Milwaukee Surgical Supplies,Inc sells on terms of 3/10, net 30. Gross sales for the year are $1,200,000, and the collections department estimates that 30% of the customers pay on the tenth day and take discounts, 40% pay on the thiritieth day and the remaining 30% pay,on avg,40 days after the purchase.(assume 360 days per year)
a. what is the firm's avg collection period?b. what is the firm's current receivables balance?c. what would be the firm's new receivables balance if Milwaukee Surgical toughened up on its collection policy with the result that all nondiscount customers paid on the 30th day?d. suppose that the firm's cost of carrying receivables was 8% annually. how much would the toughened credit policy save the firm in annual receivables carrying expense?(assume that the entire amount of receivables had to be financed)
Ashes Divide Corporation has bonds on the market with 13 years to maturity, a YTM of 9.0 percent, and a current price of $1,296.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
Determine procedure you recommend for a multinational corporation in studying exposure to political risk? What actual strategies can be used to guard against such risk?
Swannee Resorts is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straight line method over the project's 3 year life, with zero salvage value.
On a typical day, Park Place Clinic writes $1,000 in checks. Generally, those checks take four days to clear. Each day the clinic typically receives $1,000 in checks, which take three days to clear. What is the clinical's float?
What are the differences between regular and irregular items on an income statement? What are the requirements for items to qualify as irregular?
Suppose that instead of using her own $2 million to start the new business venture Sammy wants to issue 100,000 new shares in order to raise equity. What price should new investors be willing to pay? How many shares need to be sold to new investor..
A commercial bank will loan you $7,500 for two years to buy a car. The loan must repaid in 24 equal monthly payments. The annual interest rate on the loan is 12% of the unpaid balance. What is the amount of the monthly payments?
You are trying to assess the value of a small retail store that is up for sale. The store generated cash flow to it owner of $100,000 in the most profitable year of operation and is expected to have growth of about 5 percent a year in perpetuity.
Assume that in 2006 the expected dividends of the stocks in a broad market index equaled $210 million when the discount rate was 9.5 percent and the expected growth rate of the dividends equaled 6.5%.
what is the potential savings in interest expense if the firm achieves the industry for the turnover of its inventory?
You charged $1,000 on your credit card for Christmas presents. Your credit card firm charges you 16 percent yearly interest, compounded monthly.
Rockinghouse Corp. plans to issue seven-year zero coupon bonds. It has learned that these bonds will sell today at a price of $351.70. Assuming annual coupon payments, what is the yield to maturity on these bonds?
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