Hong kong clothiers reported revenue of $5,000,000 for its year ended december 31, 2016. accounts receivable at december 31, 201
1 answer:
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Answer:
The solution to the given problem is given below.
Explanation:
1. Do you believe that the company needs outside financing?
Yes, Company needs outside finance total $ 40,000 as $25,000 in month of Feb and $15,000 in month of Apr il.
2. What is the minimum line of credit to request from a lender?
Minimum line of credit needed is $40,000
3. Do you think you are a good candidate for the line of credit? Why?
Yes, we are good candidate for line of credit because we can start repayment by May and repay by July and after repayment we will have ending March Cash balance $100,000 .
Detailed calculations are attached with the image.
Answer:
P5 = 10.41
Explanation:
To calculate the stock value with dividends for the fifth year the following formula would be used:
- Where:
The first Dividend Paid.
- G = Growth Rate.
- R = Required Return.
- Given Data:
$1.15
Growth Rate = 12.3%
R = 0.75%
P5 = ?
- Substituting the values in the formula