Suppose Manij needs $ 138‚000 to buy a new kitchen at the end of 2017. Assume that Manij uses an account earning 2.45% yearly. What does Manij have to deposit at the beginning of 2012‚ assuming monthly compounding? a. 119‚152.42 b. 119‚162.42 c. 119‚172.42 d. 119‚182.42 e. None of the above Solution: The answer is A. FV=-138‚000; I/Y=2.45; N=72; C/Y=P/Y=12; CPT PV 2. First Bank of Midesto Medeque pays a 9.45% nominal rate of interest compounded weekly. What is the effective rate of interest
Free Compound interest Time value of money Interest
Case #16 Reed’s Case Study and Questions 1.) Liquidity Ratios | Reed | Industry | Current Ration | 2.0 | 2.7 | Quick Ratio | 0.94 | 1.6 | Receivables turnover | 4.93 | 47.4 | Avg. Collection Period | 74.08 | 47.4 | Efficiency Ratios | Reed | Industry | Total Asset Turnover | 1.28 | 1.9 | Inventory Turnover | 2.91 | 7 | Payable Turnover | 6.97 | 15.1 | Profitability Ratios | Reed | Industry | Gross Profit Margin | 29.8% | 33 | Net profit Margin | 4.2% | 7.8 | Return on
Premium Revenue Financial ratios Generally Accepted Accounting Principles
Unit 16 1.1 Explain each of these terms; a) Speech- speech is the language that we vocalise. It is based on sound not symbols. A child needs to learn a number of sounds in order to speak. For example a babies speech would be the sounds the make‚ “goo‚ goo”‚ “gaa‚ gaa”. They are not able to communicate. b) Language- language is very specific. It refers to the fact that a child needs to know sounds to be able to understand language. For example‚ when a child understands that the sounds D-O-G makes
Free Communication Language
Problem sET A Problem 4-1A (40 minutes) Aug. 1 Merchandise Inventory 6‚000 Accounts Payable—Abilene 6‚000 Purchased goods on credit. 4 Accounts Payable—Abilene 100 Cash 100 Paid freight for Abilene. 5 Accounts Receivable—Lux 4‚200 Sales 4‚200 Sold goods on credit. 5 Cost of Goods Sold 3‚000 Merchandise Inventory 3‚000 To record the cost of August 5 sale. 8 Merchandise Inventory 5‚540
Premium Inventory Generally Accepted Accounting Principles Manufacturing
CHAPTER 5 Merchandising Operations ASSIGNMENT CLASSIFICATION TABLE | | | | |Brief | | | |A | |B | |Study Objectives | |Questions | |Exercises | |Exercises | |Problems | |Problems | | | | | | | | | |
Premium Revenue Generally Accepted Accounting Principles Inventory
this study‚ p is less than 0.05. 3. Which t ratio listed in Table 3 represents the smallest relative difference between the pretest and 3 months? Is this t ratio statistically significant? What does this result mean? The t ratio -0.65 (Stress management) represents the smallest relative difference between the pretest and 3 months. The ratio is not considered statistically significant because the value is not denoted by an asterisk and p is not less than 0.05. 4. What are the assumptions for
Premium Blood pressure Standard deviation Statistics
1. There are two identical firms EQT Corp and DBT Corp except for their capital structure. For example none of the firms pay taxes‚ and EBIT is $22‚000 per year for both firms. There is no growth for any of the firms. EQT is an all equity firm with 1‚000 shares outstanding and expected return of 22%. Since there is no growth‚ EQT will pay out all earnings to shareholders as dividends. In contrast‚ DBT has $40‚000 worth of debt outstanding with interest rate of 5%. There are 500 shares of equity
Premium Stock Tax Stock market
acquirers paying higher prices and earning lower returns when rates are low (and when more deals are announced). Ó 1999 Elsevier Science B.V. All rights reserved. JEL classi®cation: G21; G32; G34 Keywords: Mergers; Interest rate exposure; Risk management; Banks 1. Introduction Bank executives and industry analysts would readily agree that interest-rate exposure is important to depository institutions. Research shows that interest rate movements aect bank earnings and value‚ and banks explicitly
Premium Bank Mergers and acquisitions
contract that grants its buyer the right‚ but not the obligation‚ to sell an asset at a specified price is called a: call option. futures contract. primary contract. put option. preset contract. Question 7: 1 pts A financial asset that represents a claim on another financial asset is classified as a _____ asset. optioned derivative secondary primary contracted Question 8: 1 pts A fixed-income security is defined
Premium Option Call option Stock
Gordon (Chapter 2) indicated that diversity management presents a challenge to organizations. Gordon denoted that diversity management is a deliberately driven process that emphasizes building and developing skills and competences‚ and generating policies that address the changing emerging population dynamics of the workforce and patient population in the health care system. He cited research studies that have indicated that the American workplace is becoming increasingly diverse and that leaders
Premium Health care Medicine Health care provider