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Author Question: The treasurer for Chic Man Clothing must decide how much money the company needs to borrow in July. ... (Read 40 times)

Hungry!

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on: Jul 10, 2018
The treasurer for Chic Man Clothing must decide how much money the company needs to borrow in July. The
  balance sheet for June 30, 2010 is presented below:
 
  Chic Man Clothing Balance Sheet
  June 30, 2010
  Cash 87,000 Accounts payable 550,000
  Marketable securities 123,000 Long-term debt 350,000
  Accounts receivable 360,000 Common stock 130,000
  Inventory 300,000 Retained earnings 270,000
  Total current assets 870,000 Total liabilities and
  stockholders' equity
  1,300,000
  Fixed assets 430,000
  Total assets 1,300,000
  The company expects sales of 400,000 for July. The company has observed that 25 of its sales is for cash and
  that the remaining 75 is collected in the following month. The company plans to purchase 345,000 of new
  clothing. Usually 70 of purchases is for cash and the remaining 30 of purchases is paid in the following
  month. Salaries are 135,000 per month, lease payments are 35,000 per month, and depreciation charges are
  20,000 per month. The company plans to purchase a new van for 60,000 in July and sell its marketable
  securities for 123,000. If the company must maintain a minimum cash balance of 25,000, how much money
  must the company borrow in July?

Question 2

You expect to receive 800 at the end of each of the next twenty years. What is the present value of the stream of payments if the interest rate is 6?
 
  A) 9,175.94
  B) 9,411.26
  C) 9,305.38
  D) 9,687.79
  E) 9,550.30
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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iman

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Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Hungry!

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

kthug

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Reply 3 on: Yesterday
:D TYSM

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