Mommy Hai-dee, Inc. as of yearend of 2019 has a Total Working Capital of Php 3,000,000.00 and with a Current ratio of 2:1. Non-current asset balance is Php 2,000,000.00 comprised of Fixed Asset. There is no long-term debt with debt ratio of only 0.25:1. Using Book Value Method, what is the minimum value it can sell the 15% of the business? choices: a. 450,000 b. 550,000 c. 400,000 d. 500,000
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Mommy Hai-dee, Inc. as of yearend of 2019 has a Total
choices:
a. 450,000
b. 550,000
c. 400,000
d. 500,000
Step by step
Solved in 2 steps with 2 images
- Your business requests a 3-month loan for $450,000. What will be the interest paid at the end of the term if the business risk percentage is assessed at 2.0% and LIBOR is at 1.8%? interest paid = $ [ ? ] %3D Round to the nearest hundredth. Enter right © 2003 - 2021 Acellus Corporgtion, All Rights Reserved.The company purchased the equipment 600,000. The interest rate of bank is 12,400. The loan is denominated in OMR, matures on March 31 2019. The spot rate of OMR 2.50. What is the value of interest expenses?Select one:a. OMR 12,400b. OMR 1,500,000c. OMR 31,000d. None of the other pointsYour business requests a 3-month loan for $550,000. What will be the interest paid at the end of the term if the business risk percentage is assessed at 2.2% and LIBOR is at 2.8%? interest paid = $ [ ?] %3D Round to the nearest hundredth. Enter -ight 2003 - 2021 Acellus Corporation. All Rights Reserved.
- A company borrows $100,000 with interest at j₁2 = 9%. The loan is to be amortized by monthly payments of $1550 for as long as necessary. A final smaller payment will be calculated so the loan will be exactly repaid. The outstanding balance immediately after the th th 88 payment is $796.44. What is the value of the 89" and final payment? O A. $790.51 B. $796.44 C. $802.41 D. $808.43Based on all the ratios below, which of the two companies is most liquid? Assume that both companies have approached you seeking a six-month (short-term) loan in the amount of 30% of the respective company’s current assets. You have but one loan to give. To which company do you grant the loan? Please discuss each ratio. COMPANY 1 (date from 2018 left and 2019 right column) 1. Current Ratio= Current Assets / Current Liabilities =1271900 / 1247742 =1.02 =1100433 / 1119631 =0.98 2. Quick Ratio= Current Assets- Inventory- Prepaid Expenses / Current Liabilities =(1271900 - 124809 -954183 ) / 1247742 =0.155 =(1100433 -115136- 752562) / 1119631 =020 3. Accounts receivable turnover =Net Credit Sales/ Average Debtors =6643051 / 58752 =113.07 =6084766 / 71649 =84.92 4. Average Days to collect= 365 / Accounts receivable turnover =365 / 113.07= 3.22 365 / 84.92= 4.29 5. Inventory Turnover= COGS / Average Inventory = 3868119 / 954183 =4.05 =3559158 / 752562 =4.73 6.…The SKC Corporation plans to borrow $1,000 for a 90-day penod. At matunity the firm will repay the $1.000 principal amount plus $45 interest What is the effective annual rate of interest (A/F) for the loan? (Select the best choice below) OA 18.00% OB. 450% OC. 1925 % OD. 4.58%
- Q) Home Depot has issued Commercial paper with a face value of $100,000 maturing in 3 months. Investors require 8% ( annual interest) on these assets. How much is the paper selling for? a. $98,039.2 b. $92,592.6 c. $1,250,000 d. None of the above Not use excel2. Find the interest on Php 22,500 at 8% from March 12 to July 9, 2020. 3. If money is worth 6% simple interest, find the present value of Php 15,000 due at the end of 7 ½ years. 4. A debtor owes Php 22,000 due at the end of 2 years. He asks his creditors for the privilege of paying the debt immediately. At what simple interest, 6% or 8%, would the creditor prefer to compute the required present value, and how much would he gain by the better choice?a. Abc Investment Ltd., plans to borrow Ghc100,000 for a 90-day period from Lloyds Finance Company. Abc investment would repay the principal amount plus Ghc5,000 interest at maturity. Determine and calculate the Annual Percentage Rate of the credit to Abc Company Ltd. b. Belinda Limited has annual credit sales of Ghc5 million and cost of sales of GHC1.8 million. The company’s current assets consist of inventory and trade receivables. Current liabilities consist of accounts payables and an overdraft facility with an average interest rate of 10% per annum. The company gives 60 days credit to its customers and is allowed an average of 30 days credit by trade suppliers. The company has an operating cycle of 90 days. Other relevant information: Current ratio of Ait Ltd 1.5:1 Cost of long-term finance to Ait Ltd is 12% per annum Required: Calculate the, (i) Size of the overdraft of Ait Ltd (ii) Net working capital of the company (iii) Total cost of financing its current assets c.…
- 1. The future value of a Php 50,000 investment invested at 14% simple interest at the end of 75 months. 2. Find the interest on Php 22,500 at 8% from March 12 to July 9, 2020. 3. If money is worth 6% simple interest, find the present value of Php 15,000 due at the end of 7 ½ years. 4. A debtor owes Php 22,000 due at the end of 2 years. He asks his creditors for the privilege of paying the debt immediately. At what simple interest, 6% or 8%, would the creditor prefer to compute the required present value, and how much would he gain by the better choice?Megabank granted an 8%, 3-year P 6,000,000 loan to Global Company on January 1, 2021. The interest on the loan is payable every December 31. Megabank incurred P 520,600 of direct origination cost but an origination fee of P 200,000 was charged against Global Company. The effective rate on the loan as a result of the origination fee and cost is now 6%. No. QUESTIONS Your Answer 1. What is the carrying value of the loan receivable on January 1, 2021 in Megabank's accounting books? 2. What is the carrying value of the loan receivable on December 31, 2023 in Megabank's accounting books?Please explain in full and tell why other options are incorrect.... Thank you in advance On 1 October 2019 Point West Property Pty Ltd purchased a building for $1,250, 000, paying $250,000 as a deposit with the balance being financed by Hobart Commercial Bank. The cost of debt relating to the Mortgage was 12% per annum. The monthly repayment was $14 000. The entry to record the payment on 1 November 2019 is: Group of answer choices a. DR: Interest expense $10 000; DR: Mortgage payable $4,000; and CR: Cash $14 000 b. DR: Mortgage payable $14 000; CR: Cash $14 000 c. DR: Interest expense $10 000; DR: Cash $4,000; and CR: Mortgage payable $14 000 d. DR: Interest expense $14 000; CR: Cash $14 000