Home / Questions / Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000
Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they are constant from month to month. 40% of its customers pay in the first month and take the 2% discount, while the remaining 60% pay in the month following the sale and do not receive a discount. The firm has no bad debts. Purchases for next month's sales are constant at 50% of projected sales for the next month. "Other payments," which include wages, rent, and taxes, are 25% of sales for the current month. Construct a cash budget for a typical month and calculate the average net cash flow during the month.
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitment fee of 0.5% of the unused balance of the loan commitment. On the used portion of the revolver, it paid 1.5% above prime for the funds actually borrowed on a simple interest basis. The prime rate was 3.25% during the year. If the firm borrowed $6,000,000 immediately after the agreement was signed and repaid the loan at the end of one year, what was the total dollar annual cost of the revolver?
Nov 29 2019 View more View Less
A Carnot heat pump cycle operating at steady statewith ammonia as the working fluid. The condenser temperature is120degreesF, with saturated vaporentering and saturated l...May 08 2020
Each of these extreme value problems has a solution with both a maximum value and a minimum value use Lagrange multipliers to find the extreme value of the function subje...Jul 20 2021
brain and sandy forming partnership Brian will invest a truck with a book value of $10,000 and a fair value of $14,000 sandy will invest a building with a book value of $...Mar 22 2020
Opportunity costs. (H. Schaefer, adapted) The Wild Orchid Corporation is working at full production capacity producing 13,000 units of a unique product, Everlast. Manufac...Jul 18 2020
Snapping at the Homeowner's AssociationFACTSGwyneth Williams, then 83 , was housesitting for her daughter and son-in-law at The Landings, a planned residential developmen...Jul 26 2021
Draw a Lewis structure for each of the following molecules or ions. Describe the electron-pair geometry and molecular geometry around the central atom.(a) NH2Cl(b) Cl2O (...Jul 20 2021
Imagine an economy with six industries:Tomato farmers grow $80 worth of tomatoes and sell $30 worth to the public, the rest to pizza-makers.Wheat farmers raise $60 worth...Apr 30 2020
Assume Ivan owns 60% of Rus and Catherine (also an individual and unrelated to Ivan) owns the other 40%. Rusâs total assets are $300, consisting of cash of $180 and a p...Jun 17 2021
Question 5 of 20 > Attempt 3 Price Controls and Quotas -- End of Chapter Problem In 2014, the U.S. House of Representatives approved a new farm bill establishing the Marg...Apr 23 2021
Analysis Case 15â4 Lease concepts; WalmartReal World FinancialsWalmart Stores, Inc. is the worldâs largest retailer. A large portion of the premises that the company ...Jun 21 2021