Suraz Syangden

Suraz Syangden

Management Student

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Short Term Financing

Numerical Solution

Solved – Boles Corporation needs to raise $500,000 for one year to supply capital to a new store. Boles buys from its suppliers on terms of 3/10, net 90

Posted on March 22, 2020March 22, 2020 by Syangden

Question Boles Corporation needs to raise $500,000 for one year to supply capital to a new store. Boles buys from its suppliers on terms of…

Numerical Solution

Solved – Howe Industries sells on terms of 2/10, net 40. Gross sales last year were $4.5 million, and accounts receivable averaged $437,500

Posted on March 22, 2020March 22, 2020 by Syangden

Question Howe Industries sells on terms of 2/10, net 40. Gross sales last year were $4.5 million, and accounts receivable averaged $437,500. Half of Howe’s…

Numerical Solution

Solved – Susan Visscher, owner of Visscher’s Hardware, is negotiating with First Merchant’s Bank for a $50,000, one-year loan.

Posted on March 22, 2020March 22, 2020 by Syangden

Question Susan Visscher, owner of Visscher’s Hardware, is negotiating with First Merchant’s Bank for a $50,000, one-year loan. First Merchant’s has offered Visscher the following…

Numerical Solution

Solved – If a firm buys under terms of 3/15, net 45 but actually pays on the 20th day and still takes the discount

Posted on March 22, 2020March 22, 2020 by Syangden

Question a. If a firm buys under terms of 3/15, net 45 but actually pays on the 20th day and still takes the discount, what…

Numerical Solution

Solved – Calculate the appropriate cost of nonfree trade credit under each of the following terms. Assume that payment is made either on the discount date or on the due date

Posted on March 22, 2020March 22, 2020 by Syangden

Question Calculate the appropriate cost of nonfree trade credit under each of the following terms. Assume that payment is made either on the discount date…

Numerical Solution

Solved – Because of crop failures last year, the San Joaquin Packing Company has no funds available to finance its canning operations during the next six months

Posted on March 22, 2020March 22, 2020 by Syangden

Question Because of crop failures last year, the San Joaquin Packing Company has no funds available to finance its canning operations during the next six…

Numerical Solution

Solved – Cooley Industries needs an additional $500,000, which it plans to obtain through a factoring arrangement. The factor would purchase Cooley’s

Posted on March 22, 2020 by Syangden

Question Cooley Industries needs an additional $500,000, which it plans to obtain through a factoring arrangement. The factor would purchase Cooley’s accounts receivable and advance…

Numerical Solution

Solved – Suntime Boats Inc. estimates that because of the seasonal nature of its business, it will require an additional $2 million of cash for the month

Posted on March 22, 2020March 22, 2020 by Syangden

Question Suntime Boats Inc. estimates that because of the seasonal nature of its business, it will require an additional $2 million of cash for the…

Numerical Solution

Solved – Gifts Galore Inc. borrowed $1.5 million from National City Bank. The loan was made at a simple annual interest rate of 9% a year for 3 months

Posted on March 22, 2020 by Syangden

Question Gifts Galore Inc. borrowed $1.5 million from National City Bank. The loan was made at a simple annual interest rate of 9% a year…

Numerical Solution

Solved – The UFSU Corporation intends to borrow $450,000 to support its short-term financing requirements during the next year

Posted on March 22, 2020March 22, 2020 by Syangden

Question The UFSU Corporation intends to borrow $450,000 to support its short-term financing requirements during the next year. The company is evaluating its financing options…

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Categories

  • Article Review (7)
  • Business Environment (15)
  • Cash and Marketable Securities (13)
  • Credit Management (11)
  • Natural Habitat (4)
  • Numerical Solution (50)
  • Proposal (3)
  • Queries (4)
  • Report (19)
  • Short Term Financing (13)
  • Study Materials (22)
  • Working Capital Policy (13)

Recent Posts

  • Research Proposal Sample June 23, 2021
  • 5 Myths About Flexible Work June 18, 2021
  • Employees Are Lonelier Than Ever : Here’s How Employers Can Help. June 18, 2021
  • Major Highlights of Fiscal Year Budget 2078/79 May 30, 2021
  • Highlights of Monetary Policy FY 2077/78 July 20, 2020
  • Solved – Increase sales from their present annual $24 million, Kim Chi Company, a wholesaler, may try more liberal credit standards April 5, 2020
  • Solved – Porras Pottery Products, Inc., spends $220,000 per annum on its collection department. The company has $ 12 Million in credit sales April 5, 2020
  • Solved – The Acme Aglet Corporation has a 12% opportunity cost of funds and currently sells on terms of “net 10, EOM” April 5, 2020
  • Solved – Kidd Corporation presently gives credit terms of “net 30 days”. It has $60 Million in credit sales and its average collection period is 45 days April 5, 2020
  • Solved – Matlock Gauge Company makes wind and current gauges for pleasure boats. The gauges are sold throughout the Southeast to boat dealers April 5, 2020

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