thousand years ago Sumerians in the Tigris Euphrates calendar divides .The year into 30 days months. The Mayans Central Americans relied on not any sun and moon but also in the planet Venus who was to establish 260 days and 365 days as calendars.
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SECTION A Question A1 is COMPULSORY Question A1 Below are extracts from the financial statements of a listed company which operates a chain of bakery and sandwich retail outlets in the United Kingdom. Income statements | |2009 |2008 | | |£’000 |£’000 | |Revenue
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ISyE 6201: Manufacturing Systems Instructor: Spyros Reveliotis Solutions to Homework 1 A. Chapter 2‚ Problem 4. (a) D = 60 units/wk × 52 wk/yr = 3120 units/yr h = ic = 0.25/yr ×$0.02 = $0.005/ yr A = $12 2AD 2 × 12 × 3120 Q∗ = = = 3869.88 ≈ 3870 h 0.005 The time between orders is given by 3870 Q∗ = = 1.24 yr = 14.88 mo T∗ = D 3120 (b) D 3120 units/yr = $12 = $9.67/yr Q 3870 units Q 3870 units Holding cost is h = × $0.005/yr = $9.675/yr. 2 2 The costs are essentially
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collection period $3‚500 x 17 = $59‚500 16-3 Cost of Trade Credit What is the nominal and effective cost of trade credit under the credit terms of 3/15‚ net 30? 30 days‚ 3% discount is available if paid within 15 days‚ 365 days a yr Nominal cost of trade credit = ( 3/97) x [365/(30-15) = 0.0309 ^24.33 = 0.7526 = 75.26% Effective cost of trade credit = (1.03093)24.33 - 1.0 = 1.0984 = 109.84% 16-4 Cost of Trade Credit A large retailer obtains merchandise under the
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ANSWERS TO END-OF-CHAPTER QUESTIONS 14-2 The two principal reasons for holding cash are for transac¬tions and compensating balances. The target cash balance is not equal to the sum of the holdings for each reason because the same money can often partially satisfy both motives. 14-4 The four elements in a firm’s credit policy are (1) credit standards‚ (2) credit period‚ (3) discount policy‚ and (4) collection policy. The firm is not required to accept the credit policies employed by its
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Should Druthers Forming Limited be given the loan? Background Druthers Forming Limited was incorporated in 1987 by Mr. Garrett‚ Norm Sheppard and one other investor with the primary objective to served the need of Sheppard homes. But in the late of 1980’s‚ Jack Sheppard observed the demand of foundation far outstripped supply in the region and long waits for foundation construction had become standard. ori Norm Sheppard have requested on July 30‚ 2007 an amount of $350‚000 loan from Mr. Brad Mac
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1. You have some money on deposit in a bank account that pays a nominal (or quoted) rate of 8.0944 percent‚ but with interest compounded daily (using a 365-day year). Your friend owns a security that calls for the payment of $10‚000 after 27 months. The security is just as safe as your bank deposit‚ and your friend offers to sell it to you for $8‚000. If you buy the security‚ by how much will the effective annual rate of return on your investment change? a. 1.87% b. 1.53% c. 2.00% d. 0.96%
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87‚622‚+119‚846 73‚375 = 2.83:1 Time Interest Earned 30‚189‚+21‚978 21‚978 = 2.37:1 Average Inventory Turnover 395‚683 78‚271‚+86‚1572 = 4.8 times/yr. Average Collection Period 289‚484 25‚952 = 11.15 times/yr 365 11.15 = 32.7 days Average Payable Period 403‚569 54‚258 = 7.44 times/yr. 365 7.44 = 49 days Net Sales to Net Assets 689‚247 280‚843 = 2.45:1 Net Sales to Working Capital 689‚247 129‚936-87‚622 = 16.29:1 Net Profit on Sales 30‚189 689‚247 = 4% Net Profit to Equity 30‚189 73‚375 =
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Compounding Assumptions The TI BAII Plus has built-in preset assumptions about compounding and payment frequencies. Compounding and Payment frequencies are controlled with the [P/Y] key Financial Calculations on the Texas Instruments BAII Plus This is a first draft‚ and may contain errors. Feedback is appreciated © Copyright 2002‚ Alan Marshall 1 Compounding Assumptions For the first part of the Time Value of Money slides‚ we are dealing with annual compounding and annual
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SWOT ANALYSIS A SWOT analysis is a top-level evaluation of a company’s internal strengths and weaknesses; and opportunities and threats that are external to the company‚ but apply to the industry as a whole. Here‚ we provide a brief background summary as well as present team Third Shift’s SWOT Analysis for Whole Foods Market‚ Inc. Whole Foods Market‚ Inc. (Whole Foods Market) owns and operates a chain of natural and organic foods supermarkets. As of September 30‚ 2007‚ the company operated
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