J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year:Fourth QuarterSeptember (actual)OctoberNovemberDecemberCredit salesCollections:Experience has shown that 40 percent of sales are collected in the month of sale, 50 percent are collected in the following month, and10 percent are never collected.Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December).In month of salesOne month after sales$ 62,000$ 52,000Total cash receipts47,00072,000J. Lo's ClothiersSeptember$OctoberNovember0 $December0 $0

Cash collection: October In the same month: 40% of October sales = $52,000 × 40% = $20800…

Answered: J. Lo's Clothiers has forecast credit…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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According to Descartes' rule of signs, for a net cash flow sequence of _++_ _ ++, the number of possible i values is: Select one: a. 3 b. 5 c. 4 d. 2 O O
T-Bill Yields 2009. The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surrounding the global financial crisis. Calculate the simple and annualized yields for the 3-month and 6-month Tresury bills auctioned on March 9, 2009, listed here. 3-Month T-Bill 6-Month T-Bill D $10,000.00 Treasury bill, face value Price at sale $10,000.00 $9,993.87 $9,976.66 Discount $6.13 $23.34 (Click the icon on the upper-right corner to import the table into spreadsheet.) The simple yield for the 3-month Treasury bills is %. (Round to four decimal places.)
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Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $264,500. Depreciation recorded on equipment and a building amounted to $79,100 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $73,000 $76,650 Accounts receivable (net) 92,560 94,590 Inventories 182,500 162,960 Prepaid expenses 10,150 10,810 Accounts payable (merchandise creditors) 81,540 85,540 Salaries payable 11,750 10,650 Question Content Area a. Prepare the "Cash Flows from Operating Activities" section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. blankblankStatement of Cash Flows (partial) Cash flows from operating activities: $- Select - Adjustments to…
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Dr. Stephanie Andrews (3) Value 30000 27500 25000 22500 20000 17500 15000 12500 10000 7500 5000 2500 0 0 Value of a 2013 Chevy Impala Over Time 1 2 3 Years Since Purchase a. Estimate the value of the car at Year 3. 4 c. How much does the car depreciate each year? act A rental car company purchased a new Chevy Impala for $27,385. The company determined this asset should be depreciated for five years using the straight-line depreciation method. At the end of five years, the car will be worth $9,405. y (³) 5 b. Did you use interpolation or extrapolation to estimate the value in part a? Explain. 6 d. Write an algebraic model to find the value of the car given the years since purchase. the car at Year 3. 2
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Straight-line DepreciationBook value is the value of an asset that a company uses to create its balance sheet.Some companies depreciate their assets using straight-line depreciation so that thevalue of the asset declines by a fixed amount each year. The amount of the declinedepends on the useful life that the company assigns to the asset. Suppose that acompany just purchased a fleet of new cars for its sales force at a cost of $31,500 percar. The company chooses to depreciate each vehicle using the straight-line methodover 7 years. This means that each car will depreciate by +31,500 7 = +4500 per year.(a) Write a linear function that expresses the book value V of each car as a functionof its age, x.(b) Graph the linear function.(c) What is the book value of each car after 3 years?(d) Interpret the slope.(e) When will the book value of each car be $9000?[Hint: Solve the equation V1x2 = 9000.]
Consider each of the after-tax cash flows shown in the table below. Suppose that projects B and C are mutually exclusive. Suppose also that the required service period is eight years and that the company is considering leasing comparable equipment with an annual lease expense of $3,000, payable at the end of each year for the remaining years of the required service period. Which project is a better choice at 15%? Click the icon to view the cash flows for the projects. Click the icon to view the interest factors for discrete compounding when i=15% per year. The present worth of project B is $thousand. (Round to one decimal place.) More Info Capital Single Payment Compound Amount Factor (F/P, i, N) Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, i, N) Compound Amount Factor (F/A, i, N) 1.0000 More Info Recovery Factor (A/P, i, N) 1.1500 (P/A, i, N) 1.1500 1.0000 0.8696 1.3225 2.1500 0.4651 1.6257 0.6151 B с 1.5209 3.4725 0.2880 2.2832 0.4380 - $7,000 -$5,000 1.7490…

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