The management of hartman rent a car has allocated $1.5 million to buy a new fleet of automobiles consisting of compact intermediate size cars an full size cars. Compact costs $12000 each intermediate size cars cost $18000 each and full sized cars cost $24000 each. If hartman purchases twice as many compacts as intermediate size cars and the total amount of cars to be purchased is 100, determine how many cars of each type will be used

Why should managers invest any excess cash

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)