He following information is from tejas windowtint’s financial records. month sales purchases april $ 81,000 $ 57,000 may 70,000 50,000 june 69,000 38,000 july 89,000 56,000 collections from customers are normally 65 percent in the month of sale, 17 percent in the month following the sale, and 17 percent in the second month following the sale. the balance is expected to be uncollectible. all purchases are on account. management takes full advantage of the 1 percent discount allowed on purchases paid for by the tenth of the following month. purchases for august are budgeted at $67,000, and sales for august are forecasted at $73,000. cash disbursements for expenses are expected to be $15,000 for the month of august. the company’s cash balance on august 1 was $35,000. required: prepare the expected cash collections during august. prepare the expected cash disbursements during august. calculate the expected cash balance on august 31.

Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

When you hire an independent contractor you don't have to pay the contractors what