Blog

Financial plans generally tend to ignore:

Protective covenants:

If you sell a bond with a coupon of 6 percent to a dealer when the market rate is 7 percent, which one of the following prices will you receive?

A firm has inventory of $29,406, accounts receivable of $46,215, net working capital of $4,507, and accounts payable of $48,919. What is the quick ratio?

You want to buy a new sports car for $55,000. The contract is in the form of a 60-month annuity due at an APR of 5.6 percent compounded monthly. What will be your monthly payment?

Cheng & Cronin Equipment has $878,000 in sales and $913,000 of total assets. The firm is operating at 93 percent of capacity. What is the capital intensity ratio at full capacity?

One of your customers has just made a purchase in the amount of $20,800. You have agreed to payments of $375 per month and will charge a monthly interest rate of 1.17 percent. How many months will it take for the account to be paid off?

You feel that you will need $2.9 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.9 percent compounded monthlyand plan to save $410 per month until you reach your goal. How many years will it be until you reach your goal and retire?

The Tumbler has current liabilities of $350,000, a quick ratio of 1.65, inventory turnover of 4.7, and a current ratio of 2.9. What is the cost of goods sold?

A note is generally defined as: