Crag Co has sales of $200m per year and the gross profit margin is 40%. Finished goods inv

entory days vary throughout the year within the following range:

Crag Co has sales of 200m per year and the gross p

All purchases and sales are made on a cash basis and no inventory of raw materials or work in progress is carried. Crag Co intends to finance permanent current assets with equity and fluctuating current assets with its overdraft.

In relation to finished goods inventory and assuming a 360-day year, how much finance will be needed from the overdraft？

A.$10m

B.$17m

C.$30m

D.$40m

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更多“Crag Co has sales of $200m per…”相关的问题

第1题

Which of the following would you expect to be the responsibility of financial management?

A.Producing annual accounts

B.Producing monthly management accounts

C.Advising on investment in non-current assets

D.Deciding pay rates for staff

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第2题

Drumlin Co has $5m of $0·50 nominal value ordinary shares in issue. It recently announced a 1 for 4 rights issue at $6 per share. Its share price on the announcement of the rights issue was $8 per share.What is the theoretical value of a right per existing share?

A.$1·60

B.$0·40

C.$0·50

D.$1·50

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第3题

Which of the following government actions would lead to an increase in aggregate demand?(1) Increasing taxation and keeping government expenditure the same(2) Decreasing taxation and increasing government expenditure(3) Decreasing money supply(4) Decreasing interest rates

A.1 only

B.1 and 3

C.2 and 4 only

D.2, 3 and 4

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第4题

Lane Co has in issue 3% convertible loan notes which are redeemable in five years’ time at their nominal value of $100 per loan note. Alternatively, each loan note can be converted in five years’ time into 25 Lane Co ordinary shares.The current share price of Lane Co is $3·60 per share and future share price growth is expected to be 5% per year.The before-tax cost of debt of these loan notes is 10% and corporation tax is 30%. What is the current market value of a Lane Co convertible loan note?

A.$82·71

B.$73·47

C.$67·26

D.$94·20

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