About the what is the firms net float

Assignment Help Financial Management
Reference no: EM13934633

Tanner Tavern writes four checks a day for an average amount of $5,400 each. These checks generally clear the bank four days after they are written. In addition, the firm generally receives and deposits checks amounting to $18,700 each day. All deposits are available on the next day. What is the firm's net float?

Reference no: EM13934633

Questions Cloud

Why breastfeeding a public health concern in kuwait : Why is breastfeeding a public health concern in Kuwait? Why is it a problem?? (what does lack of breastfeeding cause)
What is the economic order quantity : Rock Bottom Carpets sells 5,600 carpets a year at an average price per carpet of $1,490. The carrying cost per unit is $22.37. The company orders 500 carpets at a time and has a fixed order cost of $69 per order. The carpets are sold out before they ..
What takes place at an ecological and physiological level : What takes place at an ecological and physiological level during the freezing and thawing process of the wood frog?
Infertility can be a very hard obstacle for married couples : Infertility can be a very hard obstacle for married couples. Based on your readings this week, what are male and female factors that can lead to infertility?What is Assisted Reproductive Technology (ART) and what are some benefits of using ART to con..
About the what is the firms net float : Tanner Tavern writes four checks a day for an average amount of $5,400 each. These checks generally clear the bank four days after they are written. In addition, the firm generally receives and deposits checks amounting to $18,700 each day. All depos..
Design a dietary programme : Choose 3 conditions from the body systems covered throughout this module and design a dietary programme for each of these conditions.
Suppose a job required parts costing : Suppose a job required parts costing $200 and technician time costing $100.What would be the total cost of the job?
Discount interest-what is the effective interest rate : This question illustrates what is known as discount interest. Imagine you are discussing a loan with a somewhat unscrupulous lender. You want to borrow $31,000 for one year. The interest rate is 13.6 percent. You and the lender agree that the interes..
Calculate the amounts of formic acid and formate : A solution which is 3.19X10 to the -3 M in an acid (HA) and 6.78x10 to the -3 M in its conjugate base (A-) is found to have a pH of 8.65. What is the Ka of the acid?

Reviews

Write a Review

Financial Management Questions & Answers

  Find the value of the stock per share after this buyback

Belo Horizonte Company plans to buy back 1.5 million shares of its own stock from its cash reserves at $65 a share. There will be no change in the debt of the company. Write two equations representing B/V of the company, before and after the share bu..

  What is its return on stockholders equity

Network Communications has total assets of $1,500,000 and current assists of $612,000. It turns over its fixed assists three times a year. It has $319,000 of debt. Its return on sales is 8 percent. What is its return on stockholders’ equity?

  Calculate the expected net cash flows for year three

Net working capital investments of $50,000, $75,000, and $85,000 are expected at the end of years 1, 2, and 3 respectively. Calculate the expected net cash flows for year 3.

  Determine the balance in the account at the end of years

At the end of each three months Laura puts $200 into an account that pays 4% interest compounded quarterly. After 10 years she discontinues the payments but leaves the total amount in the account to collect interest for 10 more years. Determine the b..

  Economy suffered a significant decline just year prior

Because the economy suffered a significant decline just a year prior, there was uncertainty about the economy in general, and, very much affected by the economy, the demand for shipping and containers. Since he has not dealt with uncertainty regardin..

  What is counts unlevered beta

Counts Accounting has a beta of 1.20. The tax rate is 40%, and Counts is financed with 45% debt. What is Counts' unlevered beta? Round your answer to two decimal places.

  Firm needs to plow back its earnings to fuel growth

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a $15 per share dividend 10 years from today ..

  Value of the account-assume no inter period compounding

At time =0 an engineer deposited $10000 into an account that pays interest at 8% per year,, compounded quarterly. If she withdrew $1000 in months 2, 11, and 23, what was the total value of the account at the end of 2 years? Assume NO inter period com..

  Which of the two bonds is cheaper to deliver

A 5-year bond with a 4.45% coupon sells for $107.48. A 7-year bond with a 5.75% coupon sells for 116.564. The conversion factor for the 5-year bond is 0.933891 while the 7-year bond is 0.98588. Assume that the yields for both bonds are 6% and that co..

  Projects for both firms have an estimated rate of return

Northern Boat Mfg., Inc. has a weighted average cost of capital (WACC) of 16.8 percent, given the firm’s current boat-making operations. Home Builders, Inc. has a WACC of 14.4 percent, given that the firm builds new, single-family homes. Both firms a..

  Minority shareholders have a greater chance of electing

Minority shareholders have a greater chance of electing a member to the board of directors if the company uses

  Calculate the value of share of stock

Using the P/E ratio approach to valuation, calculate the value of a share of stock.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd