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Masja [62]
3 years ago
9

How much would you have to deposit today if you wanted to have $60,000 in four years? Annual interest rate is 9%. (PV of $1, FV

of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) b. Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 8% on your investments, how much would you have to deposit today to have $15,000 when you graduate? (Round your answer to 2 decimal places.)
Business
1 answer:
o-na [289]3 years ago
4 0

Answer:

a. $42,505.51

b. $12,860.08

Explanation:

The computation of the present value is shown below:-

Present value = FV ÷ (1 + r) × n

= $60,000 ÷ (1 + 0.09) × 4

= 60,000 ÷ 1.411582

= $42,505.51

b. The computation of present value is shown below:-

Present value = FV ÷ (1 + r) × n

= 15,000 ÷ (1 + 0.08) × 2

= 15,000 ÷ 1.1664

= $12,860.08

Therefore we have applied the above formula.

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New steel products has total assets of $820,470, a total asset turnover rate of 1. 39, a debt-equity ratio of 2. 8, and a return
nadya68 [22]

The firm's net income is $114,045,330.

Total Asset Turnover = Sales / Assets

or, 1.39 = Sales / $820,470

Sales = $820,470 × 1.39 = $1,140,453.3

Now,

Equity Multiplier

= Assets / Equity

= (Debt + Equity) / Equity

= (2.8 + 1) / 1

= 3.8

(Debt equity ratio has been used here)

As per Dupont Analysis,

ROE = Profit margin x Asset Turnover x Equity Multiplier

or, 0.34% = Profit Margin x 1.39 x 3.8

Profit Margin = 5.282%

Profit Margin = Net Income / Sales x 100

5.282% = Net Income / $1,140,453.3 x 100

Thus, Net Income = $114,045,330

Net income is an amount which an individual or business makes after deducting costs, taxes, and allowances. Thus, net income is what the business has left over after all its expenses.

To learn more about Net income here:

brainly.com/question/1347024

#SPJ4

7 0
2 years ago
Pension plan assets were $200 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, re
Nata [24]

Answer:

Pension plan assets at the year end will be $214

Explanation:

Wee have given pension plan assets = $200 million

Return on plan assets = 5%

So return will be equal to = $200×0.05 = $10 million

Cash contribution is given $12 million

Retiree benefits is $8 million

We have to find the amount of pension plan assets at the year end

Pension plan assets is equal to = Plan assets at beginning of the year + actual return - retiree benefits = $200 + $10 +$12 - $8 = $214

So pension plan assets at the year end will be $214

7 0
3 years ago
When you choose to live with a roommate on a collage campus, you can live there for free. True or False?
Sergeu [11.5K]

Answer:

False

Explanation:

You just split everything 50-50

5 0
3 years ago
Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a proportionatedistribution of $16,000 cash, inventory
Olenka [21]

Answer: B. $5,000 inventory, $0 accounts receivable

Explanation:

Daniel's basis in JRD is $21,000

Inventory fair value is $16,000

$21,000 - $16,000 = $5,000

Accounts receivable inside basis is $0.

Inside basis is basically each partner's tax basis in the partnership.

8 0
3 years ago
7. A decrease in supply will result in which of the following?
Inga [223]

Explanation:

C. Both demand and supply change

8 0
2 years ago
Read 2 more answers
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