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Please complete the following problems in Word and/or Excel and post your response to Dropbox. 1) Page 221 problem #11 2) Page 222 problem #13 3) Page 250 problem #15

4) Pages 283-284 problems 26 and 29

problem #11

#11

problem #13

problem #15

# problem 15

# problem 26

# problem 29

yea it is do you want me post each question separate

Intermediate Problems 11. Route Canal Shipping Company has the following schedule for aging of accounts receivable: n Fill in column (4) for each month. a. Worlking Capital Management Part 3 Assume Age of Receivables April 30, 20X1 What w (4) (3) (2) cost be (1) Percent of Wisconsi 16. Cost effi decline Amount Due Amounts Age of Account Month of Sales $131,250 0-30 April 93,750 31-60 March Snowm 112,500 61-90 February De January 37,500 91-120 a. S $375,000 100% Total receivables b. If the firm had $1,500,000 in credit sales over the four-month period, com pute the average collection period. Average daily sales should be based on a120-day period. b. 17. John prev If the firm likes to see its bills collected in 35 days, should it be satisfied with the average collection period? d. Disregarding your answer to part c and considering the aging schedule accounts receivable, should the company be satisfied? What additional information does the aging schedule bring to the compa that the average collection period may not show? c. ext 5 p 2 e. Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 49,000 units per year, an ordering cost of $8 per order, and carrying costs of $1.60 per unit. a. What is the economic ordering quantity? b. How many orders will be placed during the year? 13. What will the average inventory be? What is the total cost of ordering and carrying inventory? c. d. Chapter 7 Current Asset Management 223 Assume an additional 80 units of inventory will be required as safety stock What will the new average inventory be? What will the new total carrying cost be? 15. Diagnostic Supplies has expected sales of 84,100 units per year, carrying costs of $5 per unit, and an ordering cost of $10 per order a. What is the economic order quantity? b. What is the average inventory? What is the total carrying cost? value of his deferred annuity? 25 Juan Garza invested $20,000 10 years ago at 12 percent, compounded quarterly. How much has he accumulated? 26 Determine the amount of money in a savings account at the end of 10 years, given an initial deposit of $5,500 and a 12 percent annual interest rate when interest is compounded (a) annually, (b) semiannually, and (c) quarterly. 27. As stated in the chapter, annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an excep- tion occurs when the annuity payments come at the beginning of each period (termed an annuity due). To find the present value of an annuity due, the annu- ity formula must be adjusted as to the following: 1 -1 (1+i" +1 PVAD AX i ments come t. 28. What is the present value of a 10-year annuity of $3.0er period in which payments come at the beginning of each period? The interest rate is 12 percent. (1+i- +1 PV AD = AX Advanced Problems 29. Your grandfather has offered you a choice of one of the three following alterne tives: $7,500 now; $2,200 a year for nine years; or $31,000 at the end of nine years. Assuming you could earn 10 percent annually, which alternative should you choose? If you could earn 11 percent annually, would you still choose the same alternative

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