Blog

Which of the following current asset financing policies reflects the firm financing the seasonally-adjusted average level of asset demand with long-term debt and equity enabling it to use both short-term financing and short-term investing as needed?

Elle Mae Industries has a cash balance of $50,000; accounts payable of $150,000; inventory of $190,000; accounts receivable of $250,000; notes payable of $210,000; and accrued wages and taxes of $40,000. How much net working capital does the firm need to fund?

What is the typical length of a dairy cow’s lactation cycle?

The _______ period, which includes 3 weeks before and after calving, is the most stressful time for mature dairy cows.

What is creep feeding, and why is it used in some cow-calf operations? (Please use complete sentences).

Which dairy breed is known for producing the richest milk? 

JaiLai Cos. stock has a beta of 1.7, the current risk-free rate is 6.2 percent, and the expected return on the market is 11 percent. What is JaiLai’s cost of equity?

This breed is recognized for producing the highest amount of milk:

Suppose that Farrah’s Hair Care has annual sales of $100,000, cost of goods sold of $65,000, average inventories of $2,000, and average accounts receivable of $5,000. Assuming that all of Farrah’s sales are on credit, what will be the firm’s operating cycle?

Suppose that Hanna Nails, Inc.’s capital structure features 45 percent equity, 55 percent debt, and that its before-tax cost of debt is 5 percent, while its cost of equity is 9 percent. If the appropriate weighted average tax rate is 40 percent, what will be Hanna Nails’ WACC?