What is the maximun amount of cash

Assignment Help Financial Management
Reference no: EM131021478

Globo- Chem Co. Reported net sales of $500 million last year and generated a net income of $110 million. Last year's accounts receivable increased by $8million. What is the maximun amount of cash that Globo-Chem Co received from sales last year?

Reference no: EM131021478

Questions Cloud

Debating whether to lease or purchase a new imaging machine : A small town hospital is debating whether to lease or purchase a new imaging machine. What financial and other factors do you think they need to consider when making a decision?
Reasons for the differences in net income and cash flow : The guiding principles underlying the accrual basis of accounting drive a wedge between a firm's reported income and its cash flow. What are some of the reasons for the differences in net income and cash flow?
Which investment has the higher present value : Investment X oers to pay you $3,700 every year for the next nine years, whereas investment Y oers to pay you $5,500 per year for the next ve years. If the interest rate is 6%, which investment has the higher present value?
The expected return of your portfolio : Stock J has a beta of 1.17 and an expected return of 14.4 percent, while Stock K has a beta of 0.68 and an expected return of 7.6 percent. You want a portfolio with the same risk as the market. What is the expected return of your portfolio? 10.67 per..
What is the maximun amount of cash : Globo- Chem Co. Reported net sales of $500 million last year and generated a net income of $110 million. Last year's accounts receivable increased by $8million. What is the maximun amount of cash that Globo-Chem Co received from sales last year?
Mutual fund with an expected annual return : Jack asked jill to marry him, and she has accepted under one condition: jack must buy her a new $310,00 rolls-royce phantom. jack currently has $45,700 that he may invest. He has found a mutual fund with an expected annual return of 6.6% in which he ..
What is the present value of this prize : Suppose the Texas lottery advertises that it pays its winner $10 million. However, this prize money is paid at the rate of $500,000 each year (with the first payment being immediate) for a total of 20 payments. What is the present value of this prize..
Electronic funds transfer according to the terms of payment : A woman of a large Japanese company has purchased 16,000 widgets from you. The USD value of the widgets is $16,000. Terms of payment are NET 90. The exchange rate at the time of billing/invoicing USD1=80 yen. Her bank pays you via electronic funds tr..

Reviews

Write a Review

Financial Management Questions & Answers

  What is the macaulay duration

There is a 9 percent coupon bond with six years to maturity and a current price of $958.50. What is the dollar value of an 01 for the bond?  You find a bond with 14 years until maturity that has a coupon rate of 8.2 percent and a yield to maturity of..

  How large per share common stock divedend

Figurate Industries has 750,000 shares of cumulative preferred stock outstanding. It has passed the last three quarterly dividends of $2.50 per share and now (at the end of the current quarter) wishes to distribute a total of $12 million to its share..

  Two stocks to be correctly priced relative to each other

Stock Y has a beta of 1.45 and an expected return of 15.1 percent. Stock Z has a beta of 0.9 and an expected return of 11.8 percent. Required: What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?

  Vermont civil union and the massachusetts marriage

Read carefully the case, Elia-Warnken v. Elia. In regards to the Vermont civil union and the Massachusetts marriage, what was the issue before the court and how did they rule on this? Do you agree or disagree with the court’s opinion. State reasons f..

  What is the value for average daily credit sale

Martin electronics has an accounts receivable turnover equal to 15 times. If accounts receivable are equal to 80,000, what is the value for average daily credit sale?

  Firm is operating under conditions of capital rationing

Estimating weighted cost of capital. Assume the following percentage capital structure is considered optimal for this firm. The firm is operating under conditions of capital rationing and therefore will not sell new stock to the public. What is the w..

  The yield to maturity on one-year zero-coupon bonds

The yield to maturity on one-year zero-coupon bonds is 7.8%. The yield to maturity on two-year zero-coupon bonds is 8.8%. What is the forward rate of interest for the second year?  If you believe in the liquidity preference theory, is your best guess..

  Calculate the price of bond

Microhard has issued a bond with the following characteristics: Calculate the price of this bond if the YTM is 7%

  Assuming the company continues its current growth rate

Stock Valuation at Ragan, Inc. Ragan, Inc., was founded nine years ago by brother and sister Carrington and Genevieve Ragan. The company manufactures and installs commercial heating, ventilation, and cooling (HVAC) units. Assuming the company continu..

  How purchase of the apple press might affect

How purchase of the apple press might affect the company revenue goals - return on investment for new capital investments and the company uses a cost of capital of 8.

  Find the optimal solution using graphical solution technique

Precision Machinists makes two grades of gears for industrial machinery: standard and heavy duty. The process requires two steps. Step-1 takes 8 minutes for the standard gear and 10 minutes for the heavy duty. How many of each gear should be made eac..

  The investment cash flow of this project

A building will sell for $4 million in 6 years to the police department. The cost of holding the building will be 8 % per year. The investment cash flow of this project is $3.2 million. What is this project's NPV and IRR? Is the project worth taking?

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