A study of Brown Bag Company's payment practices showed that the company pays its vendors 20 days after the accounting department receives the invoice. The standard deviation is 5 days. Assuming that there is a normal distribution across the company's payments, what percent of the invoices are paid within 15 days of receiving them? Based on your answer, recommend an effective payment strategy for the company.

If the expected return on the market is 8% and the risk free rate is 4% and the expected return is 12%, what is the market risk premium ?

Assuming that all net sales figures are at retail and all cost of goods sold figures are at cost, calculate the average inventory (in $) and inventory turnover for the following. If the actual turnover is less than the published rate, calculate the target average inventory necessary to come up to industry standards. If the actual turnover is greater than the published rate, enter "above" for target average inventory. Round inventories to the nearest dollar and inventory turnovers to the nearest tenth

1. What data items do you need to be able to find duplicate payments? 2. Would the date of the duplicate payment usually be the same or different?

The following bond was quoted in The Wall Street Journal: Bonds Current yield Volume Close Net change NJ 4.125% 35 1.7% 100.875% +1.0625% Five bonds were purchased yesterday, and 5 bonds were purchased today. How much more did the 5 bonds cost today? (Do not round intermediate calculations. Round your answer to the nearest cent.) Increased cost 10.60 < Prev 18 of 18 Nex ...*** ....N .. %24

Calculate the missing information for the stock. (Round current yield to the nearest tenth of a percent.) Company Earningsper Share AnnualDividend Current Priceper Share CurrentYield(as a %) Price-EarningsRatio a medical case management company $6.69 $1.30 $53.52 %

The discount rate set by the central bank of Romulus for the past 6 quarters is shown below: Quarter Discount Rate Quarter Discount Rate 1 10.0% 4 8.5% 2 10.5% 5 9.6% 3 11.4% 6. 11.5% The median is closest to: A. 10.25%. B. 10.50%. C. 11.25%.

There is a 0.9984 probability that a randomly selected 31-year-old male lives through the year. A life insurance company charges $159 for insuring that the male will live through the year. If the male does not survive the year, the policy pays out $80,000 as a death benefit. Complete parts (a) through (c) below. a. From the perspective of the 31-year-old male, what are the monetary values corresponding to the two events of surviving the year and not surviving? The value corresponding to surviving the year is $ The value corresponding to not surviving the year is $ (Type integers or decimals. Do not round.)

A paper included analysis of data from a national sample of 1,000 Americans. One question on the survey is given below. "You owe $3,000 on your credit card. You pay a minimum payment of $30 each month. At an Annual Percentage Rate of 12% (or 1% per month), how many years would it take to eliminate your credit card debt if you made no additional charges?" Answer options for this question were: (a) less than 5 years; (b) between 5 and 10 years; (c) between 10 and 15 years; (d) never-you will continue to be in debt; (e) don't know; and (f) prefer not to answer. A USE SALT (a) Only 355 of the 1,000 respondents chose the correct answer of "never." Assume that the sample is representative of adult Americans. Is there convincing evidence that the proportion of adult Americans who can answer this question correctly is less than 0.40 (40%)? Use the five-step process for hypothesis testing (HMC3) described in this section and a = 0.05 to test the appropriate hypotheses. (Hint: See Example…

Compute the NPV statistic for Project Y if the appropriate cost of capital is 12 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Y Time: 1 2 3 4 Cash flow: -$8,000 $3,350 $4,180 $1,520 $300