In: Finance
he president of the retailer Prime Products has just approached the company’s bank with a request for a $49,000, 90-day loan. The purpose of the loan is to assist the company in acquiring inventories. Because the company has had some difficulty in paying off its loans in the past, the loan officer has asked for a cash budget to help determine whether the loan should be made. The following data are available for the months April through June, during which the loan will be used:
On April 1, the start of the loan period, the cash balance will be $38,500. Accounts receivable on April 1 will total $148,400, of which $127,200 will be collected during April and $16,960 will be collected during May. The remainder will be uncollectible.
Past experience shows that 30% of a month’s sales are collected in the month of sale, 60% in the month following sale, and 8% in the second month following sale. The other 2% is bad debts that are never collected. Budgeted sales and expenses for the three-month period follow:
April | May | June | ||||
Sales (all on account) | $ | 480,000 | $ | 450,000 | $ | 327,000 |
Merchandise purchases | $ | 315,000 | $ | 183,000 | $ | 163,000 |
Payroll | $ | 21,400 | $ | 21,400 | $ | 19,800 |
Lease payments | $ | 34,200 | $ | 34,200 | $ | 34,200 |
Advertising | $ | 74,600 | $ | 74,600 | $ | 65,800 |
Equipment purchases | − | − | $ | 75,000 | ||
Depreciation | $ | 16,200 | $ | 16,200 | $ | 16,200 |
Merchandise purchases are paid in full during the month following purchase. Accounts payable for merchandise purchases during March, which will be paid in April, total $186,000.
In preparing the cash budget, assume that the $49,000 loan will be made in April and repaid in June. Interest on the loan will total $840.
Required:
1. Calculate the expected cash collections for April, May, and June, and for the three months in total.
2. Prepare a cash budget, by month and in total, for the three-month period.
In: Accounting
How are CAPM, the Fama-French model and APT? Which is more useful to the small investor and why?
In: Finance
Science Model
One share of Global Core Development Systems, Inc (an imaginary company with the abbreviation: Go-CDS) stock was priced at $14.59 on January 1, 2015. Your tasking in this problem is to determine how long does it take for a stockholder to double their money who has invested in Go-CDS? In other words, how long until the price per share has doubled.
Here are some facts about Go-CDS:
Write a MATLAB program to solve the following questions: Use matlab to make plot
1. In what month does the stock exceed 2 times the price of $14.59?
2. Prepare a plot of the stock's per-month price movement over the course starting from the first month of year 2017 until the price has exceeded 2 times the price of $14.59. (You plot should start from month 25, and should cover the month that is the answer to Question #1.) You will need to adjust the plot routine to ONLY show these months.
To limit the plot to these months, add the following command after your xlabel and ylabel commands:
axis ([25, 56, 19, 31]) |
xticks (0:4:length(P)) |
yticks (0:2:31) |
In: Computer Science
I need the java code for a 4-function calculator app on android studio (do this on android studio). Please make sure all the requirements shown below are followed (such as the error portion and etc). The topic of this app is to simply create a 4 function calculator which calculates math expressions (add, subtract, multiply, and divide numbers).
The requirements are the following :
- The only buttons needed are 0-9, *, /, +, -, a clear, and enter button
- Implement the onclicklistener on the main activity
- The calcuator should use order of operations (PEMDAS)
- It should be able to continue from a previous answer (Ex: If you type 2+6 the calculator will display 8. If you then multiple by 2 the current result will simply be multiplied by 2)
- It should read the entire sequence of numbers and operators and save them into a String. The information can be read out of the String using a StringTokenizer. The delimiters will be the operators on the calculator.
- The entire mathematical expression will be displayed on the screen before the equal button is clicked.
- The equation will simply be evaluated in the order that the user types in the numbers rather than the precedence
- If the user enters an equation with invalid syntax, the output should display “error”. The calculator should also display “error” for any mathematical calculations that are impossible.
In: Computer Science
How do FMLA, PDA and ADA work together regarding leave policies?
In: Operations Management
Connolly Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017 , it budgeted to manufacture and sell 3 comma 100 tires at a variable cost of $ 73 per tire and total fixed costs of $ 53 comma 500 . The budgeted selling price was $ 116 per tire. Actual results in August 2017 were 3 comma 000 tires manufactured and sold at a selling price of $ 119 per tire. The actual total variable costs were $ 240 comma 000 , and the actual total fixed costs were $ 50 comma 500 . Read the requirements LOADING... . Requirement 1. Prepare a performance report that uses a flexible budget and a static budget. Begin with the actual results, then complete the flexible budget columns and the static budget columns. Label each variance as favorable or unfavorable. (For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label.) Actual Results Units sold Revenues Variable costs Contribution margin Fixed costs Operating income Flexible-Budget Flexible Variances Budget Sales-Volume Static Variances Budget Requirement 2. Comment on the results in requirement 1. The total static-budget variance in operating income is $ There is a(n) total flexible-budget variance and a(n) sales-volume variance. The sales-volume variance arises solely because actual units manufactured and sold were than the budgeted 3,100 units. The flexible-budget variance in operating income is due primarily to the in unit variable costs. Choose from any list or enter any number in the input fields and then continue to the next question.
In: Accounting
Give an example of how the 1st Law of Thermodynamics relates to metabolism in humans
In: Physics
What makes a capital market efficient? What is the value to the US investor of investing in a capital market that is not efficient?
In: Finance
The capital asset pricing model (CAPM) suggests the investors first consider the market portfolio and then decide a portfolio that would require borrowing and lending to archive a desired level of risk and return trade off. For an investor who is willing to take more risk, this would mean that they borrow at the risk free rate and invest in the market portfolio and repeat the process every period. Suppose you are a long-term investor (saving for retirement) who is willing to hold a portfolio twice as risky as the market portfolio. How would you implement the suggestion of CAPM? What are the limitations? Explain.
In: Finance
Cylindrical water tanks are usually found on high-rise buildings and they are filled with water. Due to the weight of the water, collapses occur at the bottom of the tank. Depression (a) in the tank bottom depends on the diameter of the tank (D), the density of the water (c), the acceleration of gravity (g), the height of the water in the tank (h), the thickness of the tank bottom (t) and the modulus of the tank material (E). Using the Buckingham Pi theorem, obtain a functional expression for the collapse of the tank bottom (a).
In: Mechanical Engineering
evelop a project overview that addresses the following questions.
In: Operations Management
What minimum amount of electromagnetic energy is needed to produce an electron and a positron together? A positron is a particle with the same mass as an electron, but has the opposite charge.
E=?
In: Physics
In: Psychology
Java/JavaFX: Write up some simple sample code to demonstrate indirect recursion. You can just use print statements to demonstrate how they call one another.
Submit your working .java file here for credit.
In: Computer Science