LG2 P16-8 Spontaneous sources of funds, accruals When Sun Wear Inc. merged with Beach Styles Inc.,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
LG2 P16-8 Spontaneous sources of funds, accruals When Sun Wear Inc. merged with Beach Styles Inc., Sun Wear's employees were switched from a weekly to a biweekly pay period. Sun Wear's weekly payroll amounted to $467,350. The annual cost of funds for the combined firms is 7.56%. What annual savings, if any, were realized by this change of pay period? LG2 P16-8 Spontaneous sources of funds, accruals When Sun Wear Inc. merged with Beach Styles Inc., Sun Wear's employees were switched from a weekly to a biweekly pay period. Sun Wear's weekly payroll amounted to $467,350. The annual cost of funds for the combined firms is 7.56%. What annual savings, if any, were realized by this change of pay period?
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
A) Suppose you wanted to make a photoconductor that interacts in the visible, green light range (500-570 nm). Which of the following semiconductors would be your best choice, and why? Si, AIP, InAs,...
-
The Fresh Pie Company purchases apples from a local farm to be used in preparing the filling for its apple pies. Sometimes the apples are fresh and ripe. Other times they can be spoiled or not ripe...
-
The registrar at State University believes that decreases in the number of freshman applications that have been experienced are directly related to tuition increases. They have collected the...
-
Forms are provided in the Working Papers. Obtain the present value factors from the tables in the lesson illustrations. Work these problems independently. 1. Calculate the future value of a...
-
Dons Luxury Travel in Problem 8-9A keeps employee earnings records. Judy Carson, employee number 62, is employed as a manager in the ticket sales department. She was born on May 8, 1959, and was...
-
D.)(1.) Describe the procedures a company Describe the procedures a company follows when it make a distribution through dividend payments.follows when it makes a distribution through dividend payments
-
The following is a description of the numerical variables in the file: Description of Variable NOLOAD Rate of return for no-load funds, PNOLOAD LOAD Projected rate of return for no-load funds, Rate...
-
The ICAEWs discussion paper IT and the Future of the Audit points out that the auditor can use CAATs to conduct very detailed substantive tests at relatively low cost. The amount of evidence...
-
Mr Dickens is a partner in Quill, Penn and Co., a firm of accountants. The firm has recently been appointed as auditors of IT Ltd, a company which maintains its accounting records on a mainframe...
-
When the payroll system of DPE Ltd was first installed it was decided that the possibility of overpayments should be avoided by programming the system to produce a print-out of every employee whose...
-
Randolph Company has the following production information for October: 30,000 units trans- ferred out and 10,000 units in ending work in process that are 100 percent complete for materials and 60...
-
What is the minimum amount of funding with which it is possible to start a business? Could a business be started with zero funds? What sort of business could each member of the group start, with...
-
From the e-Activity, compare the NAEYC / NAECS-SDE Joint Position statement on curriculum, assessment, and program evaluation with the six (6) categories of responsibilities for teachers and students...
-
A circular concrete shaft liner with Youngs modulus of 3.4 million psi, Poissons ratio of 0.25, unconfined compressive strength 3,500 psi and tensile strength 350 psi is loaded to the verge of...
-
Capstone Consolidated, Inc. is a leading manufacturer of steel products. The following inventory data relates to the firms production during the first quarter of 2015: At the end of the first quarter...
-
Consider the following inventory data for the first two months of the year for CompX International: Required 1. Calculate the cost of goods sold and ending inventory for January and February under...
-
The following inventory data is taken from the financial records of Fernandez, Inc., a personal computer software manufacturer. Required 1. Complete the following table. 2. Which inventory method...
Study smarter with the SolutionInn App