Share
Explore BrainMass

Finance

Calculate the average accounts payable for APP Corporation

A chain of appliance stores, APP Corporation, purchases inventory with a net price of $500,000 each day. The company purchases the inventory under the credit terms of 2/15, net 40. APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP?

Accounting Question

Attached you will find an excel format. Please answer the questions below with an explanation. Cash Flow Statement for Year ended March 31, 2007 Operating Activities Net Income 2,50,000 Depreciation 90,000 Amortization 40,000 Gain on sale of restaurant -1,20,000 Loss on sale of equipmen

Corporate Finance a. Calculate the dollar amount of acceptable accounts receivable collateral held by Springer Products. b. The bank reduces collateral by 10% for returns and allowances. What is the level of acceptable collateral under this condition? c. The bank will advance 75% against the firms acceptable collateral (after adjusting for returns and allowances). What amount can Springer borrow against these accounts?

1) Springer Products wishes to borrow $80,000 from a local bank using its accounts receivable to secure the loan. The banks policy is to accept as collateral any accounts that are normally paid within 30 days of the end of the credit period, as long as the average age of the account is not greater than the customers average pay

Commons Goals of Financial Managers

Please help answer the following questions. Provide at least 200 words in the solution. What are some common goals for financial managers? How do goals of a non-profit organization's financial manager differ from goals of a for-profit organization's financial manager?

Expected U.S. GDP growth rate going forward

You are the newly appointed President of the local Chamber of Commerce. You are making your first presentation to the Chamber and want to make a good first impression. Your presentation will be based on the following topic, purpose, and audience. â?¢Topic: Expected U.S. GDP growth rate going forward â?¢Audience: Loca

Medicaid Program State Comparison

Search the internet for a Medicaid program and select the state in which you reside and another state for comparison. Complete the attached matrix describing how your state's Medicaid program is administered. Included in the matrix is: The oversight agency; Funding for the program; The state's Medicaid fiscal agent and

Public Stewardship Paper

Public Stewardship Paper Locate an Article on fiscal management summarize findings including reccommendations. Also include the importance of responsible public stewardship.

Finance Excel Problem - Pistachio, Inc.

Pistachio, Inc. is thinking of building a bakery to introduce French cookies, so-called macarons, to the Newark market. A preliminary marketing study, which cost $75,000 and which was completed last year, showed a significant demand for macarons in the Newark area. The bakery is expected to last for 25 years. Its initial cost is

Project's net present values

If a project's expenditure is $15 million, can you estimate the projects' net present value if capital is 5%, 10%, 15% at 1yr $5,000,000, 2yr $10,000,000, and 3yr at $20,000,000. Show me step by step so I can understand how to get the NPV.

InBev: One of the World's Largest Beverage Producer

InBev, one of the world's largest beverage producer, marketer and distributor made a very significant expansion internationally in 2008/9. What did they do? How did they increase their "global footprint"? Was it successful up to this point? What has happened since then in terms of the footprint? How's the "marriage' these days?

Caution when using financial ratios to analyze healthcare.

Discuss why one should use caution when using financial ratios for analyzing a healthcare organization's current financial position and future viability. Provide examples of a hypothetical healthcare organization' ratios to support your discussion.

A Problem with Income Statements and Balance Sheets

The following are account balances on December 31, 2011 for I.C. Optometry (in alphabetical order): Accounts Payable $ 30,000 Accounts Receivable, Net $ 80,000 Cash $ 16,000 Equity (January 1, 2011) $128,000 Expenses (includes taxes) $390,000 Inventory $ 62,000 Long-term Debt $ 70,000 Long-term Investments $ 20,000 Ne

Statistics on Genetics Experiment on Peas

In a genetics experiment on peas, one sample of offspring contained 410 green peas and 121 yellow peas. Based on those results, estimate the probability of getting an offspring pea that is green. Is the result reasonably close to the value of 3/4 that was expected? The probability of getting a green pea is approximately _____

Web address of Federal Open Market Committee

"The federal open market committee (fomc) meets about every six weeks to assess the state of the economy and to decide what actions the central bank should take. The minutes of this meeting are released three weeks after the meeting; however, a brief press release is made available immediately. Find the schedule of minutes and p

Journal entries to record salaries and wages plus payroll tax expense

Lee Financial Services pays employees monthly. Payroll information is listed below for January 2011, the first month of Lee's fiscal year. Assume that none of the employees exceeded any relevant wage base. Salaries $ 452,000 Federal income taxes to be withheld 90,400 Federal unemployment tax rate 0.80% State unemployme

financial management

The Robinson Company has the following current assets and current liabilities for these two years: 2010 2011 Cash and marketable securities $ 50,000 $ 50,000 Accounts receivable 300,000 350,000 Inventories 350,000 500,000 Total current assets $700,000 $900,000 Accounts payable $200,000 $250,000 Bank loan 0 150,000 Accru

You own Stock in Lewis Striden

You own stock in the Lewis-Striden Drug Company. Suppose you had expected the following events to occur last month: a. The government would announce that real GNP had grown 1.2 percent during the previous quarter. The returns of Lewis-Striden are positively related to real GNP. b. The government would announce that inf

Finance: Fair Markets and Assessing Risk

An important aspect of the decision-making process is the consideration of risks associated with the options in an opportunity set. Measuring the risk of available options can drastically alter the decisions made by an organization's senior management team. Are markets like the NYSE, NASDAQ, and CME fair markets? Why? Why is

Stock: The Rago Corporation

The Rago Corporation had the following stock outstanding from 2009 through 2012: Preferred stock: $100 par value, 8 percent cumulative, 5,000 shares authorized, issued, and outstanding Common stock: $10 par value, 100,000 shares authorized, issued, and outstanding The company paid $30,000, $30,000, $94,000, and $130,000 in di

Great Depression and Moral Hazard

How an understanding of adverse selection and moral hazard can help us better understand financial crises. The greatest financial crisis faced by the United States was the Great Depression, from 1929 to 1933. Go to http://www.amatecon.com/greatdepression.html. This site contains a brief discussion of the factors that led to the