# FIN 100 - Homework Homework 1-Chapter 15: P1 • Chapter 16: P1,Homework 2-Complete the following...

Aug 2nd, 2016
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FIN 100 - Homework Homework 1 Complete the following from the textbook: • Chapter 15: P1 • Chapter 16: P1 Pretty Lady Cosmetic Products has an average production process time of forty days. Finished goods are kept on hand for an average of fifteen days before they are sold. Accounts receivable are outstanding an average of thirty-five days, and the,,,,,, Homework 2 Complete the following homework scenario: • Required: Compare the results of the three (3) methods by quality of information for decision making. Using what you have learned about the three (3) methods, identify the best project by the criteria of long term increase in value. (You do not need to do further research.) Convey your understanding of the Time Value of Money principles used or not used in the three (3) methods. Review the video titled “NPV, IRR, MIRR for Mac and PC Excel” (located at https://www.youtube.com/watch?v=C7CryVgFbBc and previously listed in Week 4) to help you understand the foundational concepts:

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15FIN 100 - HomeworkHomework 1Complete the following from the textbook: Chapter 15: P1 Chapter 16: P1CHAPTER 15: P1Pretty Lady Cosmetic Products has an average production process time of forty days. Finishedgoods are kept on hand for an average of fifteen days before they are sold. Accounts receivableare outstanding an average of thirty-five days, and the firm receives forty days of credit on itspurchases from suppliers.a. Estimate the average length of the firms short-term operating cycle. How often would thecycle turn over in a year?b. Assume net sales of \$1,200,000 and cost of goods sold of \$900,000. Determine the averageinvestment in accounts receivable, inventories, and accounts payable. What would be the netfinancing need considering only these three accounts?CHAPTER 16: P1A supplier is offering your firm a cash discount of 2 percent if purchases are paid for within tendays; otherwise, the bill is due at the end of sixty days. Would you recommend borrowing from abank at an 18 percent annual interest rate to take advantage of the cash discount offer? Explainyour answer.Homework 2Complete the following homework scenario: Required:Compare the results of the three (3) methods by quality of information for decision making.Using what you have learned about the three (3) methods, identify the best project by the criteriaof long term increase in value. (You do not need to do further research.) Convey yourunderstanding of the Time Value o

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