- Premium Academic Help From Professionals
- +1 323 471 4575
- support@phdwriters.us
Flexible Short-Term Financial Policy Assignment Discussion
Flexible Short-Term Financial Policy Assignment Discussion
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Flexible Short-Term Financial Policy Assignment Discussion
In this assignment, you are the significantly older brother or sister of a child approaching adolescence.
Write a letter between 500 and 750 words in which you explain what he or she can expect socio-emotionally during adolescence.
Be gender-specific; choose one or the other to focus upon.
Share both the bright and dark sides of this time period and share ideas on how to get through it in the healthiest manner. Let him or her in on what you wished you had known.
APA format is not required, but solid academic writing is expected.
Include a title page.
Indicate the effect of the following on the cash cycle: Accounts payable period goes up
Decrease Increase No change Indicate the effect of the following on the cash cycle: Accounts payable turnover goes up
Increase Decrease No change On July 15th, you purchased $10,000 worth of goods. The terms of the sale were 1/8, net 49. What is the effective annual rate of interest for the credit period for this sale?
ABC Company has annual sales of $400,000 and cost of goods sold of $79,161. The accounts payable period is 34.53 days. What is the average accounts payable balance?
Which one of the following is most indicative of a flexible short-term financial policy?
Relatively low level of liquidity Relatively high ratio of short-term debt to total debt Relatively high ratio of current assets to total assets Relatively low level of accounts receivable Relatively low level of inventory ABC Company has an average collection period of 29 days and factors all of its receivables immediately at a 2.4 percent discount. Assume all accounts are collected in full. What is the firm’s effective cost of borrowing?
Compute the Accounts Payable (A/P) period based on the following information:
Compute the cash cycle based on the following information:
Average Collection Period = 65
Accounts Payable Period = 25
Average Age of Inventory = 78
ABC Company sells 2,052 chairs a year at an average price per chair of $128. The carrying cost per unit is $27.87. The company orders 242 chairs at a time and has a fixed order cost of $42.3 per order. The chairs are sold out before they are restocked. What are the total carrying costs?
Month Sales $ Month Sales $ Jan 43,896 July 47,444 Feb 33,553 Aug 47,045 Mar 47,045 Sep 43,896 Apr 47,444 Oct 47,045 May 43,896 Nov 33,553 June 33,553 Dec 47,444
The company has estimated expenses as follows:
General and administrative expenses: $3,030
Material purchases are 34 percent of sales. Material purchases are paid in the month following the purchase.
Interest payment per month: $3,105
Rent expenses per quarter starting March: $6,724Calculate the cash outflows for June.
11.ABC Corporation currently has an inventory turnover of 30.57, a payables turnover of 7.69, and a receivables turnover of 5.39. How many days are in the operating cycle?
12.As of this morning, your firm had a ledger balance of $4,402 with no outstanding deposits or checks. Today, your firm deposited 4 checks in the amount of $161 each and wrote a check in the amount of $660. What is the amount of the collection float as of the end of the day?
13.ABC Company writes 384 checks a day for an average amount of $528 each. These checks generally clear the bank in 3 days. In addition, the firm generally receives an average of $163,586 a day in checks that are deposited immediately. Deposited funds are available in 1 days. What is the firm’s net float?
14.Identify a source of cash from below. Choose only one.
decrease in long-term debt Increase in fixed assets Decrease in accounts receivable decrease in current liabilities increase in inventory 15.ABC Corporation currently has an inventory turnover of 11.66, a payables turnover of 9.95, and a receivables turnover of 12.75. How many days are in the cash cycle?
16.Which of the following is a Source of Cash? Choose only one.
Increase in long-term debt decrease in current liabilities decrease in equity Increase in current assets Increase in fixed assets
Month Sales $ Month Sales $ Jan 19,300 July 16,066 Feb 28,418 Aug 39,748 Mar 39,748 Sep 19,300 Apr 16,066 Oct 39,748 May 19,300 Nov 28,418 June 28,418 Dec 16,066
Sales are collected as follows:
In the month of Sales: 33%
In the next month: 28%
After 2 months: 7%
Remainder is considered as bad debt and is not collected.
Calculate the cash collection for June.
Month Sales $ Month Sales $ Jan 16,319 July 46,147 Feb 25,501 Aug 17,598 Mar 17,598 Sep 16,319 Apr 46,147 Oct 17,598 May 16,319 Nov 25,501 June 25,501 Dec 46,147 Sales are collected as follows:
In the month of Sales: 31%
In the next month: 28%
After 2 months: 12%
After 3 months: remainder is collected
Calculate the cash collection for December.
19.ABC Company has annual sales of $477,105 and cost of goods sold of $198,600. The average accounts receivable balance is $96,051. How many days on average does it take the firm to collect its accounts receivable? Assume 365 days.
20.The terms of the sale were 4/17, net 61. What is the effective annual rate of interest?
Month Sales $ Month Sales $ Jan 25,207 July 20,404 Feb 25,480 Aug 27,884 Mar 27,884 Sep 25,207 Apr 20,404 Oct 27,884 May 25,207 Nov 25,480 June 25,480 Dec 20,404
Sales are collected as follows:
In the month of Sales: 41%
In the next month: 24%
After 2 months: 13%
After 3 months: remainder is collected
Calculate the cash collection for November.
22.ABC Company sells 3,287 chairs a year at an average price per chair of $181. The carrying cost per unit is $15.09. The company orders 500 chairs at a time and has a fixed order cost of $66 per order. The chairs are sold out before they are restocked. What is the economic order quantity?
23.ABC Company has a cash cycle of 10.43 days, an operating cycle of 21.48 days, and an average collection period of 6 days. The company reported cost of goods sold of $293,104. What is the company’s average balance in Accounts Payable?
Average Payable period = 21.48-10.43 = 11.05
24.ABC Company sells 2,014 chairs a year at an average price per chair of $126. The carrying cost per unit is $39.72. The company orders 365 chairs at a time and has a fixed order cost of $82.8 per order. The chairs are sold out before they are restocked. What are the total shortage costs?
25.Identify which of the following will increase the operating cycle. Choose only one.
decrease in days’ sales in inventory decrease in average collection period decrease in accounts payable period Decrease in inventory turnover ratio decrease in accounts payable turnover ratio 26.ABC Company sells 3,350 chairs a year at an average price per chair of $148. The carrying cost per unit is $35.71. The company orders 302 chairs at a time and has a fixed order cost of $129 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?
27.As of this morning, your firm had a ledger balance of $4,524 with no outstanding deposits or checks. Today, your firm deposited 3 checks in the amount of $117 each and wrote 14 checks in the amount of $962. What is the amount of the disbursement float as of the end of the day?
28.Determine whether the following is a source or use of fund:
A dividend is paid
Issue of short-term debt
Long-term debt decreased by $1,000,000
Next year’s taxes are prepaid
Wages and salaies are paid
Accounts receivable balance is reduced
Accounts payable balance is reduced
Marketable Securities are purchased
Marketable Securities are liquidated
A bank loan is repaid
29.Determine whether the following will INCREASE, DECREASE, or have NO EFFECT on the operating cycle
Accounts payable goes up
Accounts receivable goes down
Customers take longer to pay for the goods
Payments to suppliers are accelerated
Inventory takes longer to get sold
Accounts Receivables Turnover ratio increases from 5 times to 7 times
Accounts Payable Turnover ratio increases from 5 times to 7 times
InventoryTurnover ratio increases from 5 times to 7 times
Top of Form
30.Determine whether the following will INCREASE, DECREASE, or have NO EFFECT on the cash cycle:
Accounts payable goes up
Accounts receivable goes down
Customers take longer to pay for the goods
Payments to suppliers are accelerated
Inventory takes longer to get sold
Accounts Receivables Turnover ratio increases from 5 times to 7 times
Accounts Payable Turnover ratio increases from 5 times to 7 times
InventoryTurnover ratio increases from 5 times to 7 times
31.ABC Corporation has the following sales collection policy: 25% of the sales are on cash and the remainder on credit. 40% of the credit sales are received in the first month after the sale. 40% of the credit sales are received in the second month after the sale. 18% of the credit sales are received in the third month of after the sale. 2% of the credit sales are bad debts and not received. Suppose the company has the following expected sales: Jan $50,000, Feb $60,000, March $70,000, April $45,000, May $66,000. Determine the cash collections for May.
ABC Corporation has the following sales collection policy: 25% of the sales are received in the same month, 50% of the sales are received in the first month after the sale. 20% of the sales are received in the second month after the sale. The remainder are received in the third month after the sale. Suppose the company has the following expected sales: Jan $50,000, Feb $60,000, March $70,000, April $45,000, May $66,000. Determine the cash collections for May.
32.The terms of trade are 2/15 net 60. Compute the effective rate of forgoing the cash discount.
A company has an average collection period of 20 days and A/R balance of $100,000. Compute the annual credit sales. Assume 365 days.
A company has an average collection period of 25 days and annual credit sales of $300,000. Compute the A/R balance. Assume 365 days.
33.The terms of the sale were 1/7, net 21. What is the effective annual rate of interest for the credit period for this sale?
ABC Company sells 3,500 units of its product each year at a price per unit of $275. All sales are on credit with terms of 1/7, net 30. The discount is taken by 40 percent of the customers. What is the average collection period? What is the amount of the company’s accounts receivable?
ABC Company has an average collection period of 18 days and annual sales of $694,000. What is the average investment in accounts receivables as shown on the balance sheet?
- ABC Furniture sells 2,400 sofas a year at an average price per sofa of $1,250. The carrying cost per unit is $11.60. The company orders 80 sofas at a time and has a fixed order cost of $52 per order. The sofas are sold out before they are restocked.
What is the total carrying cost?
What is the total restocking cost?
What are the total costs?
What is the economic order quantity?
How many orders will company place if it follows the economic order quantity model?
Should the company increase or decrease its order size in order to follow the EOQ model?
Identify the key functions of stained glass windows in the Gothic style in Europe’s cathedral architecture. Identify two (2) differences between the Romanesque and Gothic cathedral structures, and discuss which you prefer and the reasons why. Identify one (1) existing structure (the closer to your home the better) that is Romanesque or Gothic, and explain the features that support your identification.
Flexible Short-Term Financial Policy Assignment Discussion
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
CLICK ON THE LINK HERE: https://gradebasket.com/orders/ordernow
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME] and Have It Done by Our PhD Qualified Writers!!
