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List and briefly describe the three general areas of responsibility for a chief financial officer (CFO) of a selected non-financial company which is listed on Australian Stock Exchange (ASX).
The firm's net capital spending for 2014 was $1,030,000, and the firm reduced its net working capital investment by $132,000. What was the firm's operating cash flow during 2014?
The new policy would involve extending credit for one period. Based on the following information, determine if a switch is advisable. The interest rate is 2.0 percent per period.
Help your friend project the investment's worth at the end of four years under each investment strategy and explain the results to him.
Suppose Thiewes sells a total of 600 pairs of boots in a year. How many times per year does Thiewes restock? Suppose the restocking cost is $20 per order. What are total restocking costs?
In a typical month, the Bungee Jump Corporation receives 100 checks totaling $90,000. These are delayed six days on average. What is the average daily float?
Economies of scale is the advantage that a larger FI may have over an smaller financial firm due to a drop in the average costs of production as the output of an FI increases (Saunders & Cornett
The Habitat Corporation has a WACC of 16 percent. Its cost of debt is 13 percent. If Habitat's debt-equity ratio is 2, what is its cost of equity capital?
The market's required return suddenly rises to 7%. What are the new bonds' prices, and what is the percentage change in price for each bond?
What are the two reasons liquidity risk arises? How does liquidity risk arising from the liability side of the balance sheet differ from liquidity risk arising from the asset side of the balance sh
Discuss the differences between economies of scale and economies of scope.
If inflation exceeds 1.0% for the year, the rate of inflation would be added to the €3.5 million. Find out how inflation has been affected after the European Union trade agreement and introduct
Submit a 3 to 5 page summary of the subprime mortgage crisis of 2008.
The probabilities of their outcomes are 20%, 40%, and 40% respectively. What is the expected value of these outcomes.
How does using options differ from using forward or futures contracts, and what is the difference between options on foreign currency and options on foreign currency futures?
Prepare a monthly flexible budget for the product, showing sales revenue, variable costs, fixed costs, and operating income for volume levels of 45,000, 55,000, and 75,000 pads.
Johnson, Inc., is a manufacturer of lead crystal glasses. Calculate the materials price variance and the materials efficiency variance.
The U.S. Treasury bill is yielding 2.8 percent and the return on the market is 11.2 percent. The corporate tax rate is 38 percent. What is the firm's weighted average cost of capital?
What would be the cost of retained earnings equity for Tangshan Mining if the expected return on U.S. Treasury Bills is 5.00%, the market risk premium is 10.00 percent, and the firm's beta is 1.3?
What would be the cost of new common stock equity for Tangshan Mining if the firm just paid a dividend of $4.25, the stock price is $55.00, dividends are expected to grow at 8.5 percent indefinitely
Moje, Inc., manufactures travel locks. Prepare a flexible budget for output levels of 4,000 locks and 7,000 locks for the month ended April 30, 2012.
The approximate after-tax cost of debt for a 20-year, 7 percent, $1,000 par value bond selling at $960 (assume a marginal tax rate of 40 percent) is
Mirror Ball Ranch is considering the purchase of a new excavator for $200,000. The new excavator has a useful life of 6 years, and will be depreciated under the MACRS method.
Gateway Communications is considering a project with an initial fixed asset cost of $2.46 million which will be depreciated straight-line to a zero book value over the 10-year life of the project.