Determine how many dollars of new funds are needed to finance the growth.

Owen's Electronics has 90 operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. BALANCE SHEET (in $ millions) Assets Liabilities and Stockholders' Equity Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2 Accounts payable . . . . . . . . . . . . . . . . $15 Accounts receivable . . . . . . . . . . . . . . . 20 Accrued wages . . . . . . . . . . . . . . . . . . 2 Inventory . . . . . . . . . . . . . . . . . . . . . ... click for more

Derivatives- Forward Contract

You enter into a forward contract to buy a 10-year, zero coupon bond that will be issued in one year. The face value of the bond is $1,000, and the 1-year and 11-year spot interest rates are 3 percent per annum and 8 percent per annum, respectively. Both of these interest rates are expressed as effective annual yields. a. What is the forward price of your contract? b. Suppose both the 1-year and 11-year spot rates unexpectedly shift downward by 2 percent. What is the price of a forward contract otherwise identical to yours?

a department store has the following credit terms...

a department store has the following credit terms. the finance charge if any is based on the previous balance before payments or credits are deducted. the rates are 1.5%per month up to $1,000and 1.25%per month in excess of 1,000.there is no finance charge if the full amount of the new balance is paid within 30 days after the cycle closing date I need to find the new balance for the account but i first need to find the finance charge. previous balance $991.39 the payment is $675.00 the credit is $84.21 and the finance charge is what I need to obtain.

Personal Finance Investments...answer questions 1-6

I have received an inheritance for which I need to make wise investment decisions. I have received a $100,000 inheritance and would like to invest. Since I recognize the importance of diversification, invest the amount in a variety of financial instruments. 1. Decide on a good investment mix; in other words, decide what percentage of the inheritance will be invested in stocks, bonds, and cash. Allocate a specific dollar amount to each type of investment. An example might be: stocks, $60,000; bonds, $30,000; cash, $10,000. 2. Use the Cybrary to research various investments of interest. Go to some of the leading sites that deal with stock, bond, and mutual fund investments. 3. Divide the... click for more

INTEREST RATES

If a company wants to have $100,000 in a contingency fund 10 years from now, the amount the company must deposit each year in years 1 through 5, at an interest rate of 10% per year, is closest to? A. Less than $8,000 B. $8,420 C. $9,340 D. MORE THAN $10,000