A Sea Of Red

Yes, I am now so desparate for help with my BUSI-530 (Managerial Finance) class, that I am asking y'all. COMS major + finance class + having no finance classes ever + this course being online so I have no in-class help = atrainwreck (yes-I know...as lame as me starting this thread for which I will be forever made fun of).

And before anyone asks, this is not cheating. We are allowed to seek outside help for these problems.

3. If the markey value of Phone Corp. stock was $17.2 Billion at the end of the year, what was the market-to-book ratio? If there were 205 million shares oustanding, what were earnings per share? The price-earnings ratio?

10. Current Ratio. How would the following actions affect a firm's current ratio?
a. Inventory is sold at cost.
b. The firm takes out a bank loan to pay its account due.
c. A customer pays its account receivable.
d. The firm uses cash to purchase additional inventories.

13. Salad Daze maintains an inventory of produce worth $400. Its total bill for produce over the course of the year was $73,000. How old on average is the lettuce it serves its customers?

14. If a firm's inventory level of $10,000 represents 30 days' sales, what is the annual cost of goods? What is the inventory turnover ratio?

6. On January 25, Coot Company has $250,000 deposited with a local bank. On January 27, the company writes and mails checks of $20,000 and $60,000 to suppliers. At the end of the month, Coot's financial manager deposits a $45,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $20,000 payment of the 27 has cleared the bank. What is the company's ledger balance with the bank? What is the company's net float?

9. Anne Teak, the financial manager of a furniture manufacturer, is considering a lock-box system. She forecasts that 400 payments a day will be made to lock boxes with an average payment size of $2,000. The bank's charge for operating the lock boxes is $.40 a check. The interest rate is .015% per day.

a. If the lock box saves 2 days in collection float, is it worthwhile to adopt the system?
b. What minimum reduction in the time to collect and process each check is needed to justify use of the lock-box system?

*let the ridiculing begin*

Did you look in the back of the book?

google

LUconn wrote:Did you look in the back of the book?

Thats the first place I looked...the prof chose the problems that weren't answered.

ATrain wrote:Yes, I am now so desparate for help with my BUSI-530 (Managerial Finance) class, that I am asking y'all. COMS major + finance class + having no finance classes ever + this course being online so I have no in-class help = atrainwreck (yes-I know...as lame as me starting this thread for which I will be forever made fun of).

And before anyone asks, this is not cheating. We are allowed to seek outside help for these problems.

3. If the markey value of Phone Corp. stock was $17.2 Billion at the end of the year, what was the market-to-book ratio? If there were 205 million shares oustanding, what were earnings per share? The price-earnings ratio?

10. Current Ratio. How would the following actions affect a firm's current ratio?
a. Inventory is sold at cost.
b. The firm takes out a bank loan to pay its account due.
c. A customer pays its account receivable.
d. The firm uses cash to purchase additional inventories.

13. Salad Daze maintains an inventory of produce worth $400. Its total bill for produce over the course of the year was $73,000. How old on average is the lettuce it serves its customers?

14. If a firm's inventory level of $10,000 represents 30 days' sales, what is the annual cost of goods? What is the inventory turnover ratio?

6. On January 25, Coot Company has $250,000 deposited with a local bank. On January 27, the company writes and mails checks of $20,000 and $60,000 to suppliers. At the end of the month, Coot's financial manager deposits a $45,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $20,000 payment of the 27 has cleared the bank. What is the company's ledger balance with the bank? What is the company's net float?

9. Anne Teak, the financial manager of a furniture manufacturer, is considering a lock-box system. She forecasts that 400 payments a day will be made to lock boxes with an average payment size of $2,000. The bank's charge for operating the lock boxes is $.40 a check. The interest rate is .015% per day.

a. If the lock box saves 2 days in collection float, is it worthwhile to adopt the system?
b. What minimum reduction in the time to collect and process each check is needed to justify use of the lock-box system?

*let the ridiculing begin*

all i have to say about this luconn is....thank God for Andrew....

JDUB wrote:google

Haha, you have no idea how many places I've been to and sought help before coming here...but not just on this assignment, the entire course. The scary thing is, I hear BUSI 620 (Global Economic Environment) is ever harder than this course. Fortunately, this one and that one are the two hardest courses in the program. So once I finish this one, if I can survive 620 I'll have an MBA by next May and then be done with school for...a very long time

Atrain, are you in my class? I’m taking this right now. I’ve already finished my problems though, just working on the final exam.

RubberMallet wrote:

ATrain wrote:Yes, I am now so desparate for help with my BUSI-530 (Managerial Finance) class, that I am asking y'all. COMS major + finance class + having no finance classes ever + this course being online so I have no in-class help = atrainwreck (yes-I know...as lame as me starting this thread for which I will be forever made fun of).

And before anyone asks, this is not cheating. We are allowed to seek outside help for these problems.

3. If the markey value of Phone Corp. stock was $17.2 Billion at the end of the year, what was the market-to-book ratio? If there were 205 million shares oustanding, what were earnings per share? The price-earnings ratio?

10. Current Ratio. How would the following actions affect a firm's current ratio?
a. Inventory is sold at cost.
b. The firm takes out a bank loan to pay its account due.
c. A customer pays its account receivable.
d. The firm uses cash to purchase additional inventories.

13. Salad Daze maintains an inventory of produce worth $400. Its total bill for produce over the course of the year was $73,000. How old on average is the lettuce it serves its customers?

14. If a firm's inventory level of $10,000 represents 30 days' sales, what is the annual cost of goods? What is the inventory turnover ratio?

6. On January 25, Coot Company has $250,000 deposited with a local bank. On January 27, the company writes and mails checks of $20,000 and $60,000 to suppliers. At the end of the month, Coot's financial manager deposits a $45,000 check received from a customer in the morning mail and picks up the end-of-month account summary from the bank. The manager notes that only the $20,000 payment of the 27 has cleared the bank. What is the company's ledger balance with the bank? What is the company's net float?

9. Anne Teak, the financial manager of a furniture manufacturer, is considering a lock-box system. She forecasts that 400 payments a day will be made to lock boxes with an average payment size of $2,000. The bank's charge for operating the lock boxes is $.40 a check. The interest rate is .015% per day.

a. If the lock box saves 2 days in collection float, is it worthwhile to adopt the system?
b. What minimum reduction in the time to collect and process each check is needed to justify use of the lock-box system?

*let the ridiculing begin*

all i have to say about this luconn is....thank God for Andrew....

Who is Andrew?

seriously.

As a finance major who hasn't had to look at managerial/corporate finance since college, I have no idea what the answers are. However, all of those answers should be relatively easy with the definitions in that chapter. They're just word problems with fancy terms in them.

jcmanson wrote:Atrain, are you in my class? I’m taking this right now. I’ve already finished my problems though, just working on the final exam.

Don't see anyone with the last name Manson on the roster...I have Dr. Lilley, who do you have?
Also, I'm done with my final...no comment on how I got that done.

LUconn wrote:seriously.

As a finance major who hasn't had to look at managerial/corporate finance since college, I have no idea what the answers are. However, all of those answers should be relatively easy with the definitions in that chapter. They're just word problems with fancy terms in them.

The only problem is, the way the book is worded, I'm having trouble figuring out what the correct formulas are. Other people in my class have also noticed how ambiguous the book is...I'm thinking of going to B&N and buying "Finance for Dummies" or "The Complete Idiots Guide to Finance" sometime today.

Liley? Just call him up and ask for the answers.

The real question for ATrain is do you have a plan on what you're going to do with you MBA or are you just avoiding the real world for a few more years?

ATrain wrote:

jcmanson wrote:Atrain, are you in my class? I’m taking this right now. I’ve already finished my problems though, just working on the final exam.

Don't see anyone with the last name Manson on the roster...I have Dr. Lilley, who do you have?
Also, I'm done with my final...no comment on how I got that done.

Nah, I'm taking it with Dr. Woo.

LUconn wrote:The real question for ATrain is do you have a plan on what you're going to do with you MBA or are you just avoiding the real world for a few more years?

My plan for the MBA is to hang it on my grandparents wall so that anytime my older cousins (which would be all of my cousins) go to visit them they'll have to look at it...I'll be the first one in my family with a master's degree. However, to directly answer your question, the MBA was just to avoid the real world for a couple more years, but it will help to have it on my resume. Also, there are a lot of people out there currently going for it and getting it, so its rapidly becoming a standard degree to have.

jcmanson wrote:

ATrain wrote:

jcmanson wrote:Atrain, are you in my class? I’m taking this right now. I’ve already finished my problems though, just working on the final exam.

Don't see anyone with the last name Manson on the roster...I have Dr. Lilley, who do you have?
Also, I'm done with my final...no comment on how I got that done.

Nah, I'm taking it with Dr. Woo.

In that case, your final is probably diffrent than mine. My friend who's an RD on campus had Woo and he said his was over 200 questions, my final is only 11 extremely hard ones.

ATrain wrote:
In that case, your final is probably diffrent than mine. My friend who's an RD on campus had Woo and he said his was over 200 questions, my final is only 11 extremely hard ones.

I'm going to go with Carlos for 500, Alex?

ATrain wrote:

jcmanson wrote:

ATrain wrote: Don't see anyone with the last name Manson on the roster...I have Dr. Lilley, who do you have?
Also, I'm done with my final...no comment on how I got that done.

Nah, I'm taking it with Dr. Woo.

In that case, your final is probably diffrent than mine. My friend who's an RD on campus had Woo and he said his was over 200 questions, my final is only 11 extremely hard ones.

It was going to be like that, but he split it up and gave us a midterm as well. So, a midterm of 110 questions, and a final of 110 questions.

jcmanson wrote:

ATrain wrote:

jcmanson wrote: Nah, I'm taking it with Dr. Woo.

In that case, your final is probably diffrent than mine. My friend who's an RD on campus had Woo and he said his was over 200 questions, my final is only 11 extremely hard ones.

It was going to be like that, but he split it up and gave us a midterm as well. So, a midterm of 110 questions, and a final of 110 questions.

Hopefully your questions were/are easier than mine were (the final...not the ones posted here)

I took this class and passed with flying colors!

I did have to work at it though. When I took it I had Dr. Lilley he suggested that I get the "recommended" textbook and let me tell you that was the best $3.00 I ever spent. The textbook for the class was horrible when it came to the problems. Being as though you are at the final it is a bit late to get the recommended textbook. You just have to cross your fingers and hope for the best!

I'm already assured of a B, just hoping for an A. It's not that difficult, just takes up a lot of time.

did liley teach human resources?

yeah, we had him for all of the HR classes. He likes to wear button up sweater jackets and looks/talks like Sean Connery.

man that class was a cake walk....i felt like i wasted money taking all liley classes.

That's because it's like 50% psych. That'll cupcakify any class.