The following information pertains to the january operating budget for casey corporation. times budgeted sales for january $ 200 comma 000 and february $ 108 comma 000. times collections for sales are 40% in the month of sale and 60% the next month. times gross margin is 30% of sales. times administrative costs are $ 20 comma 000 each month. times beginning accounts receivable is $ 26 comma 000. times beginning inventory is $ 21 comma 000. times beginning accounts payable is $ 69 comma 000. (all from inventory purchases.) times purchases are paid in full the following month. times desired ending inventory is 20% of next month's cost of goods sold (cogs). for january, budgeted cash payments for purchases are

Which two of the following are benefits of consumer programs

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

Brandt enterprises is considering a new project that has a cost of $1,000,000, and the cfo set up the following simple decision tree to show its three most likely scenarios. the firm could arrange with its work force and suppliers to cease operations at the end of year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. how much is the option to abandon worth to the firm?