- May 8th, 2008, 11:23 am
#174572
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*
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*
4:28:2009-RIP Jeff Taylor
PAmedic wrote:you're absolutely right
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