Riggs Company has current assets of $10,406, long-term debt of $4,780, and current liabilities of $9,822 at the beginning of the year. At year end, current assets are $11,318, long-term debt is $5,010, and current liabilities are $9,741. The firm paid $277 in interest and $320 in dividends during the year. What is the cash flow to creditors for the year?
You want to purchase a new motorcycle that costs $26,200. Th…
You want to purchase a new motorcycle that costs $26,200. The most you can pay each month is $590 over the life of the 54-month loan. What is the highest APR that you could afford?
Which one of the following is a cash flow from a corporation…
Which one of the following is a cash flow from a corporation into the financial markets?
Wei Bridal is a profitable firm with a dividend payout ratio…
Wei Bridal is a profitable firm with a dividend payout ratio of 25 percent. The firm does not want to issue additional equity shares nor increase its long-term debt. Which one of the following defines the maximum rate at which this firm can currently grow?
Assume you own a violin currently valued at $64,000. If the…
Assume you own a violin currently valued at $64,000. If the value increases by 2.5 percent annually, how much will the violin be worth 15 years from now?
Assume you own two coins, each of which is valued at $100 to…
Assume you own two coins, each of which is valued at $100 today. One coin is expected to appreciate by 5.2 percent annually while the other coin should appreciate by 5.7 percent annually. What will be the difference in the value of the two coins 50 years from now?
Steele Video has sales of $96,400, costs of $53,800, interes…
Steele Video has sales of $96,400, costs of $53,800, interest paid of $2,800, and depreciation of $7,100. The tax rate is 21 percent. What is the value of the cash coverage ratio?
A balance sheet has total assets of $2,006, fixed assets of…
A balance sheet has total assets of $2,006, fixed assets of $1,381, long-term debt of $731, and short-term debt of $254. What is the net working capital?
Ken just secured a loan to purchase new furniture for his ho…
Ken just secured a loan to purchase new furniture for his house at a cost of $15,800. The loan calls for weekly payments for the next 5 years at an annual interest rate of 10.63 percent. How much are his weekly payments?
The maximum rate of growth a corporation can achieve can be…
The maximum rate of growth a corporation can achieve can be increased by: