Fwd: FM Final exam sample - meet in JC tomorrow evening

[Sarah Greer]

Gang -
Who wants to pow-wow in JC at the Rutgers campus tmrw?

I am working on a cheat sheet and trying to do the final exam problems practice test.

Regarding the sample final exam ( attached) - I have an idea...
5,6,7,8,9,10 II and III would be great to share work on.
1-4 are no biggies.

if we can get at least 4 of us to go, does someone want to tackle 5-7, someone do 8-10, a third do II and  a 4th do III (break them into 4 or 5 parts? ) and we can go through the steps for eachother?

can we get 4 or 5 of us to make it??

Sarah

---------- Forwarded message ----------
From: Jana Jensen <rdjlj...@verizon.net>
Date: Sat, Apr 28, 2012 at 2:53 PM
Subject: Fwd: FM Final exam sample
To: Sarah Greer <skgr...@gmail.com>

Sent from my iPhone

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From: Meherun Alam <ala...@gmail.com>
Date: April 28, 2012 8:44:05 AM EDT
To: Jana Jensen <rdjlj...@verizon.net>
Subject: Fwd: FM Final exam sample

Thanks, 

Meh

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Subject: FM Final exam sample

Apologies if you already got this, but wanted to pass this along. Please feel free to share with others in your groups.

 

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Subject: RE: Accounting Cheat Sheet

 

Hey Everyone

Attached is a sample final exam we found for Financial Management. Good luck

Glenn

 

 

[Clarice]

I finished all the 10 points questions already and available to meet tomorrow night.

Sent from my iPhone

<FM Final Sample Exam.pdf>

[skgr...@gmail.com]

Clarice- i'll work on 5-10- 7:00 ok for you?

Sent from my Verizon Wireless BlackBerry

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From: Clarice <clari...@gmail.com>

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Cc: EMBA3<emb...@googlegroups.com>

Subject: Re: FM Final exam sample - meet in JC tomorrow evening

[Clarice]

Sarah,

You mean 7:00pm?

Sent from my iPhone

[skgr...@gmail.com]

Yeah- 7pm. If no one else joins we can meet in city. Much easier to get home

Sent from my Verizon Wireless BlackBerry

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From: Clarice <clari...@gmail.com>

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Date: Sun, 6 May 2012 17:09:14 -0400

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[Clarice]

Deal.

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[Lauren Fanuzzi]

I'm in and I think Ed said he was too yesterday.

Thanks,

Lauren Fanuzzi

[skgr...@gmail.com]

Lauren- want to tackle 8,9 and 10 from the fm test?

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From: Lauren Fanuzzi <lfan...@gmail.com>

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[Lauren Fanuzzi]

Okay

Thanks,

Lauren Fanuzzi

[Clarice Ma]

Here are my answers for #5 and 7.

#7 sample final exam
Cost of good sold 10,000,000.00
inventory turnover 10
average receivable 60
average payable 45
cost of capital 0.1
cost of financing min. cash balance ?

Calculation: p.503 textbook
Age of inventory = 365/ inventory turnover 36.5

cash cyle = age of inv. + age of rec - age of pay 51.5
cash turnover = 365/cc 7.087378641
Minimum cash balance = amount to borrow
= COGS/Cash turnover 1,410,958.90
Cost of financing = cost of cap*min cash balance 141,095.89

#5 sample final exam
CA = 100
current ratio = 1.25

CA/CL =1.25
100/1.25 = 80
CL = 80

CA-CL = NWC
NWC = 20
Cost of financing from long term debts = .12
=2.4 million

[Sarah Greer]

Clarice - on #5 - for CA-CL, should you not say 100mill-80mill=20 million.
I was also considering using the cost of CA - CL, or 2 million-1.2milliom = .8 million.

for #6
I got b) pay 97 on day 10.
with cost of foregoing ( 3/10 vs net 90)
.03/1-.03 x 365/80 or 14.11% > k so take the low early discount

Peace out homey

[Sarah Greer]

#7: 10+60 - 45 = 25 day cash cycle
cash turnover= 365/25=14.6
COGs/cash t/o=10million/14.6 = $684,931.51
K=10%
cost of maintaining minimum cash balance = $68,493.15

On Sun, May 6, 2012 at 9:36 PM, Clarice Ma <clari...@gmail.com> wrote:

[Edward]

I'm in for tomorrow. Which shall I tackle?

Sent from my iPhone

[Clarice]

Sarah,

Please look at the page number that I note...to calculate inventory... Should not use inventory turnover in the problem

Sent from my iPhone

[Clarice]

Sarah,

Where do you get 2 million? Nwc is 20 million ca-cl times .12 cost of long term fund.

Sent from my iPhone

[Clarice]

#8

10/90 times 365/120

33.8% > 30%

Do not factor.... Should borrow instead

Sent from my iPhone

[Clarice Ma]

Ed,

Would you like to do questions 1-4?

I think by the time we meet, we should have a completed exam to review.

Thanks,
Clarice

[Raymond Tenorio]

Hey gang, if i can get a sitter I'll see you tonight. If I don't good
luck reviewing...

Thanks,
Ray

Sent from my iPhone

--

Thanks,

Raymond

[Clarice Ma]

Ray,

Bring you kid over...I like kids

I will help baby sit...

Clarice

[Raymond Tenorio]

thanks Clarice, I'm sure they'd like you as well. but I'd prefer you
all meet them w/o the obligations of studying. like this summer when
we have you all over for a bbq..

--

Thanks,

Raymond

[Clarice Ma]

The Menon and Tara have brought their kids...we all love the experience...

Thanks a lot for the invit...I hope you might change your mind.

But we will send you, hopefully all the correct solutions after our
review then...

[Clarice Ma]

Sarah,

Are you guys there yet?

Clarice

[skgr...@gmail.com]

Yes!

Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: Clarice Ma <clari...@gmail.com>
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Date: Mon, 7 May 2012 19:09:34
To: <emb...@googlegroups.com>
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Subject: Re: FM Final exam sample - meet in JC tomorrow evening

[Clarice Ma]

Okay...I am leaving work now and be there shortly.