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Suppose that Ken-Z Art Gallery has annual sales of $890,000, cost of goods sold of $580,000, average inventories of $166,000, average accounts receivable of $135,000, and an average accounts payable balance of $66,000. Assuming that all of Ken-Z’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Cash cycle days
Ming as a plumber; Juliana as a welder, making the same salary. How long will it take Ming to pay off his credit card?
What is the liability after 10years if the loan charges simple interest? What is the liability after 10 years if the loan charges compound interest?
What types of risks should bondholders be aware of and how do these affect bond prices and yields? Is now the time to invest in long term bonds? If not, why not?
A bond that is currently sold at par will mature in two years. The face value of the bond is $1,000. The coupon rate of the bond is 8%. Suppose that the yield to maturity of the bond decreases by 2%, how much (in dollar amount) the bond price will in..
What was the company’s net income after taxes if its average tax rate was 40 percent?
Now suppose we add a riskless asset to the investment possibilities. What effects will this have on the construction of portfolios
Chick-Fil-A bonds currently sells for $1,025. They have a 9 year maturity, and 8% annual coupon, and a par value of $1,000. Assume that the yield to maturity remains constant for the next 3 years. What is the price 3 years from today?
Suppose the funds to purchase or lease the plane will come from equity holders (for ex-ample, by reducing the amount of Western's current dividend). Western also has one-year debt outstanding, and there is a 10% (risk-neutral) probability that ove..
U.S. Telephone Cellular sells phones for $100. The unit variable cost per phone is $50 plus a selling commission of 10% (based on the unit sales price per phone). Fixed manufacturing costs total $1,230 per month, while fixed selling and administrativ..
Suppose a stock had an initial price of $72 per share, paid a dividend of $1.15 per share during the year, and had an ending share price of $81. Compute the percentage total return.
Oakmont Inc. reported accounts receivable of $28,000 on its December 31, 2013, balance sheet. On December 31, 2014, accounts receivable had decreased to $15,500. Sales for the year amounted to $68,500. What is the amount of cash collections that Oakm..
Use the following information to calculate the financial break-even point. Assume a discount rate of 10%, an initial project outlay of $100,000, depreciated straight line over the 10-year project life. (Ignore taxes)
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