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Falcon Co. purchased $ 960,000 of raw materials from its supplier under the credit terms of 1/15, net 60. Assuming that Falcon Co. takes advantage of the cash discount by paying on day 15 and a 360-day year
a) What is Falcon Co's average monthly accounts payable (creditors) balance? Assume that the current accounts payable is at gross value (no discount taken)
b) If Falcon Co decides to forego the early discount and extend payment until the end of the credit period, what would be its accounts payable balance?
c) What is the opportunity cost of not taking the cash discount?
Summer Tyme, Inc., is considering a new 6-year expansion project that requires an initial fixed asset investment of $2.862 million. The fixed asset will be depreciated straight-line to zero over its 6-year tax life, after which time it will be worthl..
What is the risk-free monthly lease rate for a 5-year lease in a perfect market?
James Corporation has the following terms with its suppliers: 2/10, net 60. It normally takes the discount and pays within ten days. However, due to cash shortage, it intends to delay the payment. Find the cost of this short-term financing for James.
Which one of the following is NOT an attractive way to reduce production and/or marketing costs for entry-level cameras and strive to achieve a competitive advantage over rivals based on lower overall costs per entry-level camera sold?
A U.S. corporation has purchased currency put options to hedge a 100,000 Singapore dollar receivable. The premium is $.02 and the exercise price of the option is $.50. If the spot rate at the time of maturity is $.45, what is the net (net of premium ..
Which of the following is most accurate regarding the advantages and disadvantages of the methods used to compute a company’s cost of equity? A disadvantage of the Security Market Line (SML) is that it does not explicitly consider risk
A car dealership offers you no money down on a new car. You may pay for the car for 3 years by equal monthly end-of-the-month payments of $604 each, with the first payment to be made one month from today. If the discount annual rate is 16.99 percent ..
Reference: Health care information systems: a practical approach for health care management. ?Explain the interdependencies between management information systems and informatics.
Lucky Dog Pet Food has a $1000 convertible bond outstanding with a conversion price of $12.00 per share. The bond pays an interest payment of $80 annually and matures in 20 years unless converted into common stock earlier or called by the company. Ho..
Suppose you have sold your rare Babe Ruth rookie card for $185,000. The dealer you sold it to gave you $100,000 today and signed a contract to pay you the remaining $85,000 in increments of $5,000 monthly, starting at the end of the current month. Wh..
Explain how a linear breakeven chart is constructed when a firm's selling price, variable costs per unit, and fixed costs are known.
(Annuity interest rate) Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $6,903.27 that will pay them $1,000 per year for 25 years. What rate o..
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