3) SportsMart sells 500,000 baseballs annually. The baseballs cost SportsMart $24 per dozen ($2.00 each). Annual inventory carrying costs are 25% of inventory value and the cost of placing and receiving an order are $78. Determine the:

A) Economic Order Quantity
B) Total annual inventory costs of this policy
C) Optimal ordering frequency

4) Nike sells 1,000,000 basketballs annually. The baseballs cost Nike $180 per dozen ($15.00 each). Annual inventory carrying costs are 20% of inventory value and the cost of placing and receiving an order are $150. Determine the:

A) Economic Order Quantity
B) Total annual inventory costs of this policy
C) Optimal ordering frequency

AutoZone and O'Reilly are two competitors in the retail automotive parts industry.

Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years.
Round answers to one decimal place (ex: 0.2345 = 23.5%).

Round to answers to one decimal place.

Computing Cash Conversion Cycle for Two Years
Winnebago Industries has the following metrics for 2015 and 2014.

Compute the cash conversion cycle for both years.

Round answers to one decimal place.

You are on the Investment Committee (IC) attending the meeting on October 3, 2008.

1. What is your overall assessment of the endowment situation? What would you ask the CIO to assess in more detail?

2. The target percentage for cash was 0.0%. Does this make sense to you?

3. Should the IC continue its current commitment pace to build out the new private equity allocation strategy? Why or why not?

4. What effect will the financial crisis have on the PIF’s liquidity in your estimation?

Information:

- The endowment distributes approximately $2.25 million per month to the College to support the general operating budget and cash to fund this transfer had historically been provided by new endowment gift inflows and monthly interest/dividend distributions, i.e., not through liquidation of endowment assets.

- Given the current level of outstanding unfunded capital commitments to private equity funds, it can be assumed that the College will receive $2-3 million of capital call notices per month. Over the past several years, the capital distributions from mature private equity funds have well outpaced new capital calls.

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate bond fund, and the third is a T-bill money market fund that yields a rate of 8%. The probability distribution of the risky funds is as follows:

The correlation between the fund returns is 0.12.

a-1. What are the investment proportions in the minimum-variance portfolio of the two risky funds. (Do not round intermediate calculations. Enter your answers as decimals rounded to 4 places.)

a-2. What is the expected value and standard deviation of its rate of return? (Do not round intermediate calculations. Enter your answers as decimals rounded to 4 places.)

You want to borrow $24,500 for a new car. If the interest rate is 4.5% compounded monthly for a five-year (60 month) loan, what amount will your monthly payment be?

8% seminannual coupon corp. bond which matures on Feb 14th 2025, is purchased for settlement on April 15th 2014. The yld to maturity is 6.333% quoted on a street convention semiannual bond basis (APR2). Accrued interest = 30/360 day count convention.

(a) What is the flat (clean) price of the bond on the SDT? (use the BA II Plus BOND spreadsheet)

(b) What is the accrued interest on the SDT? (use the BA II Plus BOND spreadsheet)

(c) How many days are there (“T”) in the current coupon period?

(d) How many days are there (“t”) between the last coupon date and the SDT?

Compute the NPV for Project M if the appropriate cost of capital is 9 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Should the project be accepted or rejected?

1. You wish to save $3500 at the end of 5 years by depositing in$200 into your savings account today, $400 in 1 year, $600 in 2 years, $800 in 3 years, and $900 in 4 years. What interest rate must you earn to reach to goal? Express your answers as a percentage. (Enter only numbers and decimals in your response. Round to 2 decimal places.)

2. You deposit $100 into your savings account today, $200 in 1 year, $300 in 2 years. How much will you be able to withdraw at the end of 3 years if the interest rate is 6%? (Enter only numbers and decimals in your response. Round to 2 decimal places.)

Please show how I could enter it into a TI84 calculator and what formula used on paper so I can learn from it. Thanks in advance!

Mr Tommy Tan is considering starting an organic food retail business in Singapore. He targets to have 8 retail outlets island-wide by end 2021. To maintain its target capital structure, the firm estimates that it will need to borrow $10 million to finance this growth. As the firm is tight on cash, it prefers to repay the loan in full only at the end of 10 years and only wants to service the interest on an annual basis.

The firm has approached several banks in the Singapore and 2 banks have signalled interest to be its main financier. JuneBank proposes an annual interest rate of 6.9% and the underwriting spread is 2%. BHR Bank offers the loan at an annual interest rate of 6.5% and the underwriting spread is 2.9%.

(a) What is the effective cost of borrowing from JuneBank?

(b) What is the effective cost of borrowing from BHR Bank?

(c) Using the estimations in (a) and (b), determine the bank that the firm should borrow from. (1 mark)

Herman has a honey bee hive. The hive starts with a population of 50,000 bees, but because of environmental stresses the population decreases by 10% every year. Each bee lives exactly one season, and produces 1 gram of honey over its lifetime.

a) How many bees are left at the end of the fifth year?

b) How much total honey does the hive produce over five years?

Krawczek Company will enter into a lease agreement with Heavy Equipment Co. where Krawczek will make lease payments over the next five years. The lease is cancelable and requires equal annual payments of $28,800 per year beginning on January 1 of the first year. The last payment will be January 1 of year 5, and Krawczek will continue to use the asset until December 31 of that year. Other important information includes the following:

• The fair value of the equipment is $195,000.
• The applicable discount rate is an 8 percent annual rate.
• The economic life of the asset is 10 years.
• Krawczek does not guarantee the residual value of the asset at the end of the lease, and it does not expect to keep the asset at the end of the term.
• The asset is a standard piece of equipment.

a. Is the lease an operating lease or a financing lease?

• Operating lease

• Financing lease

b. What will be the lease expense shown on the income statement at the end of year 1?

c. What will be the interest expense shown on the income statement at the end of year 1? (Leave no cells blank – be certain to enter “0” wherever required.)

d. What will be the amortization expense shown on the income statement at the end of year 1? (Leave no cells blank – be certain to enter “0” wherever required.)

Please search case study “Orange County Bankruptcy” in Google. First, do some self-learning, and then write an essay to give me some directions on:

1. Who is Robert Citron? (1 mark)
2. What was the Orange County Governance Structure? (1 mark)
3. What was the political and economic background before the bankruptcy? (1 mark)
4. What was the Orange County Investment Pool and balance sheet (1994)? (1 mark)
5. What was Citrons Strategy? (1 mark)
6. How the Fed action affects the interest rate in 1994? (1 mark)
7. Describe the crisis following the Fed action. (1 mark)
8. Describe the outcomes. (1 mark)
9. Finally what are the lessons to learn? (1 mark)
10. Please list all the references. (1 mark)

Healthcare Financing reference cite needed

Discuss the differences between second-party payment and third-party
payment. What led to the creation of the third-party payment system?

 ​(Bond valuation)  ​Pybus, Inc. is considering issuing bonds that will mature in 18years with an annual coupon rate of 8percent. Their par value will be ​$1 comma 000

​,and the interest will be paid semiannually. Pybus is hoping to get a AA rating on its bonds​ and, if it​ does, the yield to maturity on similar AA bonds is 7.5

percent. ​ However, Pybus is not sure whether the new bonds will receive a AA rating. If they receive an A​ rating, the yield to maturity on similar A bonds is 8.5

percent. What will be the price of these bonds if they receive either an A or a AA​ rating?