User Account

All Pages

Zero cumulative surplus for the quarter

Assignment Help Finance Basics
Reference no: EM131041930

Midwest Meats has a net cash inflow for the quarter of $2,258. The minimum and beginning cash balance is $500 and the firm has $2,304 in short-term debt. The quarterly interest on the loan is $33. How much does the firm need to borrow or how much can it repay on its loans to have a zero cumulative surplus for the quarter?

a. borrow and repay $0

b. borrow $33

c. repay $2291

d. repay $2225

e. repay $2258 (*picked answer and it was wrong*)

Reference no: EM131041930

Questions Cloud

Liberal accounts receivable policy : Assume all sales and purchases are on credit. Which one of the following statements is correct concerning the cash cycle? a. the cash cycle starts when inventory is purchased
Best describes the purpose of point-of-sale displays : An online comic book store is an example of which type of intermediary? Which of the following best describes the purpose of point-of-sale displays? Which of the following describes one of the primary concerns associated with charismatic leadership d..
How does upss approach toward sustainability pay off : Evaluate UPS's approach toward sustainability against Carroll's model of social responsibility shown in Figure 3.2. How does UPS's approach toward sustainability "pay off"?
What lessons can be learnt for the issue of future sukuk : What lessons can be learnt for the issue of future Sukuk? How do the critical factors for IDB Sukuk compare with those for the other Sukuk issued?
Zero cumulative surplus for the quarter : Midwest Meats has a net cash inflow for the quarter of $2,258. The minimum and beginning cash balance is $500 and the firm has $2,304 in short-term debt. The quarterly interest on the loan is $33. How much does the firm need to borrow or how much ..
Firm to sell its inventory : A firm has sales of $710,000. The cost of goods sold is equal to 57 percent of sales. The firm has an average inventory of $23,940. How many days on average does it take the firm to sell its inventory?
In effort to control escalating health care insurance cost : In an effort to control escalating health care insurance costs, many companies have been encouraging employees to voluntarily improve their health by offering smoking cessation classes, weight loss programs, exercises classes and health screenings. D..
City annual fixed cost variable cost : You are trying to decide which of the following three cities in which to locate a new manufacturing facility, and you have gathered the following information about each: City Annual Fixed Cost Variable Cost (per unit) Singapore $30,000 $2 Hong Kong $..
What is the greatest takeaway from the given case : Which of Michael Porter's four competitive strategies is AutoZone trying to follow? Discuss. What is the greatest takeaway from this case in terms of strategic management?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the sharpe ratio

A portfolio has a beta of 1.23 and a standard deviation of 11.6 percent. What is the Sharpe ratio if the market return is 12.4 percent and the market risk premium is 7.9 percent?

  Calculate the weighted average cost of capital

Calculate the weighted average cost of capital (tax is 40%) Using the same cash flows in exhibit I find the NPV, PI, IRR and MIRR (Use your answer on part one as cost of capital). Which project(s) would you recommend and why?

  Calculate expected dividend per share

Flanigan Company has just paid an annual dividend of $1.50 per share. The dividend is expected to grow 5 percent per year for the next 3 years, and then 10% a year thereafter.

  Frisker motors is expected to have earnings of 600 per

frisker motors is expected to have earnings of 6.00 per share at the end of the next year date 1. frisker will retain

  Net working capital-common-sized income statement

A firm has current assets of $36,000, cash of $5,000, current liabilities of $20,000, total assets of $80,000 and total liabilities of $45,000, what is its net working capital?

  If your client is to earn a simple rate of return of 12

your client has been offered a 5 year 1000 par value bond with a 10 coupon. interest on this bond is paid quarterly.

  One of the ways i like to view this concept is by

one of the ways i like to view this concept is by questioning if you didnt add back the depreciation to compute fcf

  Calculation of payback period, npv and pi of project

Calculation of Payback period, NPV and PI of project and what is the payback period for the proposed investment

  Describe the advantages & disadvantages of using ilit

If possible, please describe the advantages & disadvantages of using ILIT's in estate planning.

  Which truck has the lowest equivalent annual cost

Truck A has an estimated seven-year life. Truck B will cost $20,000 and will last five years, with annual operating costs of $10,000. Which truck has the lowest equivalent annual cost if your discount rate is 8%?

  Calculate forward rates

Given following spot rates for various periods of time from today, calculate forward rates from years one to two, two to three, and three to four.

  Consider a retail firm with a net profit margin of 35 a

consider a retail firm with a net profit margin of 3.5 a total asset turnover of 1.8 total assets of 44 million and a

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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