Seven months ago, you purchased 420 shares of Mitchum Trading for $63.09 per share. The stock pays a quarterly dividend of $.31 per share and is currently priced at $64.19. What is the total dividend income you received?

Heer Enterprises needs someone to supply it with 130,000 cartons of machine screws per year to support its manufacturing needs over the next four years, and you’ve decided to bid on the contract. It will cost you $765,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. You estimate that in four years, this equipment can be salvaged for $375,000. Your fixed production costs will be $190,000 per year, and your variable production costs should be $8.20 per carton. You also need an initial investment in net working capital of $59,500, all of which will be recovered when the project ends. Your tax rate is 22 percent and you require a return of 14.5 percent. What bid price per carton should you submit?

Stoney Brooke, Incorporated, has sales of $1,060,000 and cost of goods sold of $892,500. The firm had a beginning inventory of $45,000 and an ending inventory of $60,000. What is the length of the inventory period? Assume 365 days per year.

Assume you are offered credit terms from a store you frequently visit. Which of the following credit terms should you prefer?

Bubbly Waters currently sells 530 Class A spas, 680 Class C spas, and 430 deluxe model spas each year. The firm is considering adding a mid-class spa and expects that if it does, it can sell 605 units per year. However, if the new spa is added, Class A sales are expected to decline to 340 units while the Class C sales are expected to increase to 705. The sales of the deluxe model will not be affected. Class A spas sell for an average of $16,500 each. Class C spas are priced at $8,300 and the deluxe models sellfor $19,300 each. The new mid-range spa will sell for $10,300. What annual sales figure should you use in your analysis?

Big Al’s Meat Market has annual sales of $549,000 and cost of goods sold of $372,400. The profit margin is 6 percent and the accounts payable period is 31.5 days. What is the average accounts payable balance? Assume 365 days per year.

A project has an initial cost of $7,900 and cash inflows of $2,100, $3,140, $3,800, and $4,500 per year over the next four years, respectively. What is the payback period?

One year ago, you purchased 100 shares of Titan Wood Products for $48.29 per share. The stock has paid dividends of $.55 per share over the past year and is currently priced at $53.18. What is your total dollar return on your investment?

Six months ago, you purchased 1,200 shares of ABC stock for $33.56 a share. You have received dividend payments equal to $.40 a share. Today, you sold all of your shares for $36.70 a share. What is your total dollar return on this investment?

A project has cash flows of −$129,000, $62,400, $54,800, and $41,800 for Years 0 to 3, respectively. The required rate of return is 12 percent. Based on the internal rate of return of _____ percent for this project, you should _____ the project.