Use the table for the question(s) below. Luther Industries had sales of $980 million and a cost of goods sold of $560 million in 2006. A simplified balance sheet for the firm appears below: Luther Industries Balance Sheet As of December 31, 2006 (millions of dollars) Assets Liabilities and Equity Cash 25 Accounts payable 60 Accounts receivable 85 Notes payable 425 Inventory 90 Accruals 45 Total current assets 200 Total current liabilities 530 Net plant, property, and equipment 6100 Long term debt 2725 Total assets 6300 Total liabilities 3255 Common equity 3045 Total liabilities and equity 6300 Luther's cash conversion cycle is closest to ________.
A. 66 days
B. 51 days
C. 129 days
D. 71 days
In: Finance
In: Economics
In: Economics
Mayberry Investment Ltd. Price History
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MARYBERRY INVESTMENT LTD. |
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Prices Open |
Closing Price |
Last Traded Price |
Volume Traded (units) |
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Day 1 -February 3rd, 2020 - Monday |
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$7.50 |
$7.46 |
$7.50 |
22,803.00 |
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Day 2 -February 4th, 2020 - Tuesday |
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$7.50 |
$7.50 |
$7.50 |
100 |
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Day 3 -February 5th, 2020 – Wednesday |
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$8.00 |
$7.23 |
$7.50 |
4,250 |
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Day 4 -February 6th , 2020 - Thursday |
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$7.20 |
$7.26 |
$7.40 |
2,009 |
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Day 5 -February 7th , 2020 - Friday |
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$7.40 |
$7.17 |
$7.00 |
37,457 |
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Day 6 -February 10th , 2020 - Monday |
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$7.17 |
$7.11 |
$7.17 |
2,519 |
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Day 7 -February 11th , 2020 - Tuesday |
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$7.20 |
$7.21 |
$7.21 |
15,180 |
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Day 8 -February 12th , 2020 – Wednesday |
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$7.20 |
$7.21 |
$7.18 |
27,730 |
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Day 9 -February 13th , 2020 – Thursday |
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$7.40 |
$7.94 |
$8.10 |
75,325 |
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Day 10-February 14th, 2020 – Friday |
|||
|
$7.50 |
$7.50 |
$7.50 |
2,991 |
Question 1
Kindly calculate the Price Weighted Index for Mayberry Investment Ltd. and Value Weighted Index for Mayberry Investment Ltd ( Jamaica )
In: Finance
Not all water produced by suppliers is sold to customers. Some is used for other purposes and some is not paid for. Other amounts are "lost". What are those other purposes? Why might some water not be paid for? How does a utility lose water?
Hint: research the term Unaccounted for Water and use your findings to answer the three questions above. A good place to start is Water and Revenue Losses by Lynn P. Wallace, American Water Works Foundation, Dec. 1987.
In: Civil Engineering
Please, I need a correct answer and clear explanation. Thank you,
(Determine expenses)
The following are activities in a three-month period for Basiliadis Company:
1.A new lease for the business premises goes into effect on October 1 and increases the rent from $1,000 to $1,150 per month. The rent for the next month is always prepaid on the last day of the current month. Accordingly, rent of $1,000 was paid on August 31, and $1,150 was paid on September 30 and October 31.
2.The company borrowed $12,000 on September 1. The interest rate on the loan is 10% per year and interest is to be repaid quarterly.
3.Basiliadis Company purchased a large supply of lubricant for $2,000 on September 1. The lubricant is to be used in the company's operations and is expected to last for four months.
4.Employees work Monday through Friday and are paid each Monday for the previous week's work. The payroll for the week of Monday, September 29, to Friday, October 3 (paid on October 6), is $10,000. The payroll for the week of Monday, October 27, to Friday, October 31 (paid on November 3), is $10,500.
Required
For each of the above independent cases, determine how much of the cost should be recognized as expense in each of the months of September, October, and November.
In: Accounting
Other things held constant, which of the following actions would increase the amount of cash on a company's balance sheet?
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In: Finance
a) A stock has traded at an average price of $50 over the course of a trading day. The covariance of successive transaction price changes (trade-by-trade changes in price) is about -0.06. Using the Roll model, what is the estimate of the bid-ask spread of the stock (measured in percent of the average price of $50)?
b) The market index has average return 7% and standard deviation
30%. The risk-free rate is 3%. A portfolio has beta 1.4,
unsystematic variance of 0.03,and an M2-measure of -0.01. What is
the average return on the portfolio?
In: Accounting
Please draw well-labelled profit diagrams of the exporter position, the option, and the hedged position. In your analysis, ignore the potential mismatches between the exchange-traded options and the original cash flow (i.e., assume you can construct a perfect hedge).
Please up me understand a well-labeled diagram and illustrate the best approach how to draw
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Option Hedge |
Put Option |
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Strike Price from January 14th 1986 |
$1.45 USD/ £ |
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Premium |
0.0044 |
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Expiration Date |
3 Months: 14th April 1986. |
In: Finance
Indicate the markets in which each of the following transactions will be traded:
1. Karl spends $1,500 to buy Google stock options through his online brokerage account.
physical OR financial asset market
2. The state of California issues new bonds to the public with an investment bank serving as the underwriter to raise capital.
private OR public markets
3. A hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. In this example, the hedge fund is
speculating OR hedging
In: Finance