Annuities An annuity is a financial product sold by financial institutions that is designed to accept and grow funds from an individual and then payout a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years. A fixed sum of money paid to someone each year‚ typically for the rest of their life. Annuities are a popular choice for investors who want to receive a steady
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Assignment 10: National and Global Finance (16.0 points) 1. Choose an example of a type of new company you could start‚ and then use this company idea to answer the questions below. You might choose a pet store‚ a restaurant‚ a tutoring business‚ or something else. This can be the same type of company you chose in assignment 8 or 9‚ or it can be different. a. Describe the type of business you chose. (1-2 sentences. 0.5 points) The type of business I would start would be for family or friends
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CHAPTER 10: COST OF CAPITAL HOMEWORK 1. The Dempere Imports Company’s EPS in 2009 was $2.82‚ and in 2004 it was $1.65. The company’s payout ratio is 30%‚ and the stock is currently valued at $41.50. Flotation costs for new equity will be 15%. Net income in 2010 is expected to be $15 million. The market-value weights of the firm’s debt and equity are 40% and 60%‚ respectively. a. Based on the five-year track record‚ what is Dempere’s EPS growth rate? What will the dividend be in 2010?
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On January 1‚ 2011‚ Boston Company completed the following transactions (use a 9 percent annual interest rate for all transactions a. Borrowed $103‚000 for nine years. Will pay $9‚270 interest at the end of each year and repay the $103‚000 at the end of the 9th year. In transaction (a)‚ determine the present value of the debt. 1. We find PV of ANnuity of $1 for 9 Yrs at 9% = 5.9952 PV of $1 for 9Yrs @9% = 0.4604 So PV of debt = 9270*5.9952 + 103000*0.4604 = $1‚02‚997 b. Established a plant
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Where Do I see myself in Five to Ten Years? This question I struggle with‚ thinking of the future and where I see myself is hard. Five years can easily go by fast‚ but on paper it was a challenge. Talking about the present is much easier to elaborate. You never really know the outcome. Setting new goals in place to become more successful. Where I see myself in five to ten years I don’t really know. I can honestly say if I was asked this question during an interview I would fail. I haven’t really
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10 Key Values of the American Culture Values are culturally defined standards that people use to decide what is desirable‚ good‚ and beautiful and that serve as broad guidelines for social living. There are 10 key values of the American culture: Equal Opportunity‚ Individual achievement and personal success‚ Material comfort‚ Activity and work‚ Practicality and efficiency‚ Progress‚ Science‚ Democracy and free enterprise‚ Freedom‚ and Racism and group superiority. (Macionis) I would have to say
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. To find the PVA‚ we use the equation: PVA = C({1 – [1/(1 + r)]t } / r ) PVA = $60‚000{[1 – (1/1.0825)9 ] / .0825} PVA = $370‚947.84 The present value of the revenue is greater than the cost‚ so your company can afford the equipment. 7. Here we need to find the FVA. The equation to find the FVA is: FVA = C{[(1 + r)t – 1] / r} FVA for 20 years = $3‚000[(1.08520 – 1) / .085] FVA for 20 years = $145‚131.04 FVA for 40 years = $3‚000[(1.08540 – 1) / .085] FVA for 40
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Present value is where the value on a set date of a future payment is discounted to reflect the time value of money and other factors. This can also apply to a series of future payments. Present value calculations are commonly utilized in business and economics to provide a way to compare cash flows at different times. Present value can be described as the current worth of a future sum of money or stream of cash flows given a specified rate of return. (http://www.getobjects.com) Future cash flows
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(Kotler) Chapter 10 Pricing: Understanding and Capturing Customer Value 1) ________ is the amount of money charged for a product or service. A) Value B) A demand C) Price D) A wage E) Salary Answer: C Diff: 1 Page Ref: 290 Skill: Concept Objective: 10-1 2) Price is the only element in the marketing mix that produces ________. A) revenue B) variable costs C) expenses D) outfixed costs E) stability Answer: A Diff: 2 Page Ref: 290 Skill: Concept Objective: 10-1 3) ________ is
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