1. Why cash management is important for businesses?
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you expect the following events to affect the price you receive for a bottle of wine?

a. The price of comparable French wines decreases.

b. One hundred new wineries open in California.

c. The unemployment rate in the United States decrease.

d. The price of cheese increases.

e. The price of a glass bottle increases significantly due to new government antishatter regulations.

f. Researchers discover a new wine-making technology that reduces production costs.

g. The price of wine vinegar, which is made from the leftover grape mash, increases.

h. The average age of consumers increases, and older people drink less wine.

3) A patient's total surgery charges are $1,278. The patient must pay the annual deductible of $1,000, and the policy states a 80-20 coinsurance. What does the patient owe?

4) These balances and totals are from Bantu Ltd for the year ended 30 June 2020. Real accounts section 30-Jun-19 30-Jun-20 Inland Revenue: Income Tax 12,000.00 15,000.00 Shareholders for dividends 15,000.00 20,000.00 Nominal accounts section 30-Jun-20 Income tax expense 38,000.00 Under-provision for taxation in the previous year 3,200.00 Dividends Interim 18,000.00 Final 20,000.00 You are required to: 1. Calculate the amount of dividends and taxation paid. (12 marks)

5) Harrington Company is giving each of its employees a holiday bonus of $250 on December 13, 20-- (a nonpayday). The company wants each employee's check to be $250. The supplemental tax percent is used.


a. What will be the gross amount of each bonus if each employee pays a state income tax of 3.01% (besides the other payroll taxes)

6) it is known that $784 invested in compound interest for 2 years will earn $240 interest. Find the accumulated value of $68841472 invested at the same rate of compound interest for 5 years.

7) Waterway Industries has 515000 shares of $10 par value common stock outstanding. During the year Waterway declared a 14% stock dividend when the market price of the stock was $37 per share. Three months later Waterway declared a $0.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

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1. Why cash management is important for businesses? 2. Given the data below: Sales RM [LUGG- CDGS 9,0012} Purchases IUJJHEI Account receivable illilfl Account payable 2,0flfl' Average inventory 1.ch Calculate the operating cycle and cash conversion cycle (Note: use Still-days year}. 3. Metal Supplies is concerned about its cash management. [In average. the day's sales in inventory {duration of inventory on shelf] is 90 days. Account receivables are collected in 9-1] days, while account payable are paid in so days. Metal Supplies has annual sales of RIM-{l4 million; cost of goods sold total RMH'j million. and purchases are RLJS million. (Note: Use a LES-day year) i. Calculate Metal Supplies' operating cycle. ii. What is Metal Supplies" cash conversion cycle? iii. Calculate the amount of resources needed to support Metal Supplies' cash conversion cycle. iv. Discuss how Metal Supplies might be able to reduce its cash conversion cycle. 4. Nature Resort Company has the following cash planning for EUED: i. Purchase of raw materials is done on 1st June and the payment will be done in 40 days. ii. On August 1st, the goods will be sold with the credit term of 3H 10 net 30. The customer will normally pay at the end of the credit term. iii. The annual cash outlay for Nature Resort Company is M rnillien. Determine the operating cycle, cash cycle. cash turnover and minimum operating cash for Nature Resort Company. (Note: Use a BEE-day year)

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