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Nicole

Question 1 1. Compute the cash cycle based on the following information: Average Collection Period = 40 Accounts Payable Period = 27 Average Age of Inventory = 53 1 points Question 2 1. Month Sales $ Month Sales $ Jan 15,771 July 13,643 Feb 45,781 Aug 19,847 Mar 19,847 Sep 15,771 Apr 13,643 Oct 19,847 May 15,771 Nov 45,781 June 45,781 Dec 13,643 2. 3. Sales are collected as follows: 4. In the month of Sales: 41% In the next month: 33% After 2 months: 6% Remainder is considered as bad debt and is not collected. 5. Calculate the cash collection for June. 6. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 7. 1 points Question 3 1. ABC Corporation currently has an inventory turnover of 19.73, a payables turnover of 8.84, and a receivables turnover of 9.12. How many days are in the operating cycle? Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 4 1. Month Sales $ Month Sales $ Jan 18,254 July 20,698 Feb 47,909 Aug 44,723 Mar 44,723 Sep 18,254 Apr 20,698 Oct 44,723 May 18,254 Nov 47,909 June 47,909 Dec 20,698 2. 3. The company has estimated expenses as follows: General and administrative expenses: $9,293 Material purchases are 74 percent of sales. Material purchases are paid in the month following the purchase. Interest payment per month: $3,596 Rent expenses per quarter starting March: $6,525 4. Calculate the cash outflows for June. 5. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 6. 1 points Question 5 1. Month Sales $ Month Sales $ Jan 16,741 July 24,208 Feb 39,958 Aug 28,935 Mar 28,935 Sep 16,741 Apr 24,208 Oct 28,935 May 16,741 Nov 39,958 June 39,958 Dec 24,208 2. Sales are collected as follows: 3. In the month of Sales: 30% In the next month: 34% After 2 months: 8% After 3 months: remainder is collected 4. Calculate the cash collection for December. 5. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 6. 1 points Question 6 1. Identify which of the following will increase the operating cycle. Choose only one. decrease in accounts payable period Decrease in inventory turnover ratio decrease in days' sales in inventory decrease in average collection period decrease in accounts payable turnover ratio 1 points Question 7 1. Identify a source of cash from below. Choose only one. Decrease in accounts receivable Increase in fixed assets decrease in long-term debt increase in inventory decrease in current liabilities 1 points Question 8 1. Compute the Accounts Payable (A/P) period based on the following information: Average A/P balance = $58,550 Annual Cost of Goods Sold = $471,893 Assume 365 days Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 9 1. Month Sales $ Month Sales $ Jan 10,570 July 49,920 Feb 43,300 Aug 42,250 Mar 42,250 Sep 10,570 Apr 49,920 Oct 42,250 May 10,570 Nov 43,300 June 43,300 Dec 49,920 2. 3. Sales are collected as follows: 4. In the month of Sales: 33% In the next month: 29% After 2 months: 13% After 3 months: remainder is collected 5. Calculate the cash collection for November. 6. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 7. 1 points Question 10 1. ABC Corporation currently has an inventory turnover of 12.68, a payables turnover of 21.55, and a receivables turnover of 7.7. How many days are in the cash cycle? Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 11 1. As of this morning, your firm had a ledger balance of $3,007 with no outstanding deposits or checks. Today, your firm deposited 2 checks in the amount of $120 each and wrote a check in the amount of $875. What is the amount of the collection float as of the end of the day? Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 12 1. ABC Company has an average collection period of 32 days and factors all of its receivables immediately at a 2.8 percent discount. Assume all accounts are collected in full. What is the firm's effective cost of borrowing? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. 1 points Question 13 1. Which of the following is a Source of Cash? Choose only one. Increase in long-term debt Increase in fixed assets decrease in current liabilities decrease in equity Increase in current assets 1 points Question 14 1. ABC Company writes 331 checks a day for an average amount of $591 each. These checks generally clear the bank in 3 days. In addition, the firm generally receives an average of $170,481 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm's net float? Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 15 1. Which one of the following is most indicative of a flexible short-term financial policy? Relatively low level of liquidity Relatively low level of inventory Relatively low level of accounts receivable Relatively high ratio of current assets to total assets Relatively high ratio of short-term debt to total debt 1 points Question 16 1. ABC Company has annual sales of $400,000 and cost of goods sold of $53,740. The accounts payable period is 48.99 days. What is the average accounts payable balance? Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 17 1. On July 15th, you purchased $10,000 worth of goods. The terms of the sale were 1/6, net 57. What is the effective annual rate of interest for the credit period for this sale? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. 1 points Question 18 1. ABC Company has a cash cycle of 13.89 days, an operating cycle of 22.04 days, and an average collection period of 5 days. The company reported cost of goods sold of $293,824. What is the company's average balance in Accounts Payable? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box 1 points Question 19 1. ABC Company has annual sales of $468,016 and cost of goods sold of $198,600. The average accounts receivable balance is $83,039. How many days on average does it take the firm to collect its accounts receivable? Assume 365 days. Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 20 1. The terms of the sale were 4/13, net 49. What is the effective annual rate of interest? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. 1 points Question 21 1. As of this morning, your firm had a ledger balance of $4,881 with no outstanding deposits or checks. Today, your firm deposited 6 checks in the amount of $302 each and wrote 13 checks in the amount of $898. What is the amount of the disbursement float as of the end of the day? Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 22 1. Indicate the effect of the following on the cash cycle: Customers take longer to make the payment Increase Decrease No change 1 points Question 23 1. Indicate the effect of the following on the operating cycle: Accounts payable goes up Increase Decrease No change 1 points Question 24 Indicate the effect of the following on the cash cycle: Accounts payable turnover goes up Increase No change Decrease Question 1 1. Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.3526 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9672 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)? Enter your answer rounded off to FOUR decimal points. 1 points Question 2 1. The exchange rate is 0.957 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 2,369 Swiss francs? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 3 1. You just returned from a trip to Venezuela and have 4,644 bolivares fuertes in your pocket. How many dollars will you receive when you exchange this money if the U.S. dollar equivalent of the bolivares fuertes is 0.1565? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 4 1. ABC Company sells 2,362 chairs a year at an average price per chair of $145. The carrying cost per unit is $22.51. The company orders 225 chairs at a time and has a fixed order cost of $103.8 per order. The chairs are sold out before they are restocked. What are the total carrying costs? Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 5 1. Suppose it takes 1.47 U.S. dollars today to purchase one British pound today. Currency forecasters predict that the U.S. dollar will depreciate by 19% against the pound over the next 30 days. What is the Pound/US Dollar exchange rate in 30 days?That is, how many pounds can 1 dollar buy in 30 days? Enter your answer rounded off to FOUR decimal points. 1 points Question 6 1. The exchange rate is 0.9314 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1 Swiss franc? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 7 1. Suppose it takes 1.39 U.S. dollars today to purchase one British pound today. Currency forecasters predict that the U.S. dollar will depreciate by 19% against the pound over the next 30 days. What is the U.S. dollar/Pound exchange rate in 30 days? Enter your answer rounded off to FOUR decimal points. 1 points Question 8 1. ABC Company sells 3,444 chairs a year at an average price per chair of $181. The carrying cost per unit is $29.79. The company orders 500 chairs at a time and has a fixed order cost of $83 per order. The chairs are sold out before they are restocked. What is the economic order quantity? Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 9 1. ABC Company sells 2,324 chairs a year at an average price per chair of $144. The carrying cost per unit is $57.9. The company orders 402 chairs at a time and has a fixed order cost of $38 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model? Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 10 1. ABC Company sells 3,965 chairs a year at an average price per chair of $178. The carrying cost per unit is $15.13. The company orders 236 chairs at a time and has a fixed order cost of $94.8 per order. The chairs are sold out before they are restocked. What are the total shortage costs? Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 11 1. Suppose one U.S. dollar can purchase 151 yen today. If the yen depreciates by 7% tomorrow, how many yen could one U.S. dollar buy tomorrow? Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 12 1. Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.0416 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9155 euros. What is the cross-rate of euros to Swiss francs (Euro/SF)? Enter your answer rounded off to FOUR decimal points. 1 points Question 13 1. Your friend from Germany has decided to come and visit you in the United States. You estimate the cost of her trip at $7,755. What is the cost to her in euros if the U.S. dollar equivalent of the euro is 1.3203? 1 points Question 14 1. You can exchange $1 for either C$1.209 or 114.09. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for per C$. Enter your answer rounded off to two decimal points. 1 points Question 15 In New York, you can exchange $1 for 0.8698 or 0.6758. Suppose that, in Berlin, 1 costs 1.1981. How much profit can you earn on $31,683 using triangle arbitrage? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1. Currently, you own 10% of the outstanding stock of ABC Company. The company has decided to issue additional shares of stock and has given you the first option to purchase 10% of those additional shares. Which one of the following will you be participating in if you opt to purchase the shares you have been offered? Rights offer Red herring offer Private placement IPO General cash offer 1 points Question 2 1. Venture capital is most appropriate to be the source of funding for which one of the following? Choose only one Seasonal production Global expansion for an established, profitable firm Daily operations for an established, profitable firm Bankruptcy reorganization New, high-risk venture 1 points Question 3 1. Which one of the following is the name given to a registration of securities under SEC 415 which permits a firm to issue the securities over a two-year period? Seasoned registration Shelf registration Delayed registration Extended registration Negotiated registration 1 points Question 4 1. Which one of the following terms is defined as an underwriting for which the underwriters assume full responsibility for any unsold shares? Private placement Firm commitment underwriting Best efforts underwriting Rights offer Initial public offering 1 points Question 5 ABCUnderwriters retains the difference between its buying price and its offering price on new securities. What is this amount called? Commissiono Spread Markup Rights price Offer Question 1 1. Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.3526 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9672 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)? Enter your answer rounded off to FOUR decimal points. 1 points Question 2 1. The exchange rate is 0.957 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 2,369 Swiss francs? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 3 1. You just returned from a trip to Venezuela and have 4,644 bolivares fuertes in your pocket. How many dollars will you receive when you exchange this money if the U.S. dollar equivalent of the bolivares fuertes is 0.1565? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 4 1. ABC Company sells 2,362 chairs a year at an average price per chair of $145. The carrying cost per unit is $22.51. The company orders 225 chairs at a time and has a fixed order cost of $103.8 per order. The chairs are sold out before they are restocked. What are the total carrying costs? Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 5 1. Suppose it takes 1.47 U.S. dollars today to purchase one British pound today. Currency forecasters predict that the U.S. dollar will depreciate by 19% against the pound over the next 30 days. What is the Pound/US Dollar exchange rate in 30 days?That is, how many pounds can 1 dollar buy in 30 days? Enter your answer rounded off to FOUR decimal points. 1 points Question 6 1. The exchange rate is 0.9314 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 1 Swiss franc? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1 points Question 7 1. Suppose it takes 1.39 U.S. dollars today to purchase one British pound today. Currency forecasters predict that the U.S. dollar will depreciate by 19% against the pound over the next 30 days. What is the U.S. dollar/Pound exchange rate in 30 days? Enter your answer rounded off to FOUR decimal points. 1 points Question 8 1. ABC Company sells 3,444 chairs a year at an average price per chair of $181. The carrying cost per unit is $29.79. The company orders 500 chairs at a time and has a fixed order cost of $83 per order. The chairs are sold out before they are restocked. What is the economic order quantity? Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 9 1. ABC Company sells 2,324 chairs a year at an average price per chair of $144. The carrying cost per unit is $57.9. The company orders 402 chairs at a time and has a fixed order cost of $38 per order. The chairs are sold out before they are restocked. How many orders will company place if it follows the economic order quantity model? Enter your answer rounded off to two decimal points. Do not enter comma in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 10 1. ABC Company sells 3,965 chairs a year at an average price per chair of $178. The carrying cost per unit is $15.13. The company orders 236 chairs at a time and has a fixed order cost of $94.8 per order. The chairs are sold out before they are restocked. What are the total shortage costs? Enter your answer rounded off to two decimal points. Do not enter comma or $ in the answer box. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 11 1. Suppose one U.S. dollar can purchase 151 yen today. If the yen depreciates by 7% tomorrow, how many yen could one U.S. dollar buy tomorrow? Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box. 1 points Question 12 1. Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.0416 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9155 euros. What is the cross-rate of euros to Swiss francs (Euro/SF)? Enter your answer rounded off to FOUR decimal points. 1 points Question 13 1. Your friend from Germany has decided to come and visit you in the United States. You estimate the cost of her trip at $7,755. What is the cost to her in euros if the U.S. dollar equivalent of the euro is 1.3203? 1 points Question 14 1. You can exchange $1 for either C$1.209 or 114.09. What is the cross rate between the Japanese yen and the Canadian dollar? That is, solve for per C$. Enter your answer rounded off to two decimal points. 1 points Question 15 In New York, you can exchange $1 for 0.8698 or 0.6758. Suppose that, in Berlin, 1 costs 1.1981. How much profit can you earn on $31,683 using triangle arbitrage? Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box. 1. Currently, you own 10% of the outstanding stock of ABC Company. The company has decided to issue additional shares of stock and has given you the first option to purchase 10% of those additional shares. Which one of the following will you be participating in if you opt to purchase the shares you have been offered? Rights offer Red herring offer Private placement IPO General cash offer 1 points Question 2 1. Venture capital is most appropriate to be the source of funding for which one of the following? Choose only one Seasonal production Global expansion for an established, profitable firm Daily operations for an established, profitable firm Bankruptcy reorganization New, high-risk venture 1 points Question 3 1. Which one of the following is the name given to a registration of securities under SEC 415 which permits a firm to issue the securities over a two-year period? Seasoned registration Shelf registration Delayed registration Extended registration Negotiated registration 1 points Question 4 1. Which one of the following terms is defined as an underwriting for which the underwriters assume full responsibility for any unsold shares? Private placement Firm commitment underwriting Best efforts underwriting Rights offer Initial public offering 1 points Question 5 ABCUnderwriters retains the difference between its buying price and its offering price on new securities. What is this amount called? Commissiono Spread Markup Rights price Offer