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2 years ago

15

You need to have $33,250 in 11 years. You can earn an annual interest rate of 4 percent for the first 6 years, and 4.6 percent f

or the next 5 years. How much do you have to deposit today

1 answer:

Shkiper50 [21]2 years ago

5 0

Answer:

$11,667.91

Explanation:

Let the amount of deposit which needs to be made today is A. We have:

A x 1.04^6 + (A x 1.04^6 x 1.046^5) = 33250

A = $11,667.91

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Major Manuscripts, Inc.

Lisa [10]

Answer:

Projected total assets = <u>$10,318 </u>

Projected retained earnings = <u>$4,675.30 </u>

Additional new debt required = <u>$537.70</u>

Explanation:

external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]

total assets = $9,380, projected total assets = $9,380 x 1.1 = $10,318

total sales = $7,800

$ Δ sales = $780

current liabilities = $1,550

profit margin = net income / sales = $410 / $7,800 = 0.052564

forecasted sales = $7,800 x 1.1 = $8,580

dividends payout ratio = dividends / net income = $187 / $410 = 0.4561

EFN = [($9,380/$7,800) x ($780)] - [($1,550/$7,800) x ($780)] - [0.052564 x $8,580 x (1 - 0.4561)]

EFN = $938 - $155 - $245.30 = $537.70

projected retained earnings = current retained earnings - projected net income - projected dividends = $4,430 + $451 - $205.70 = $4,675.30

6 0

3 years ago

Which statement is true according to the article?Choose one:A. Chilean companies aim to improve their wine distribution in China

Rufina [12.5K]

Answer:

The answer is "Option A".

Explanation:

In this question, the first choice is correct because the Chilean organizations continue to improve the existing wine business in the country of China, with Chile aiming to the advantage of the military conflict as well as expand its position in the Chinese beverage (wine) market though the wider optimization.

4 0

3 years ago

Why do consumer advocates advise against using alternative financial services?.

spayn [35]

Consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.

<h3>What is a financial service?</h3>

It should be noted that a financial service simply means a wide range of activities such as banking, insurance and investing.

In this case, consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.

Learn more about financial services on:

brainly.com/question/1357912

7 0

2 years ago

A requirements contract is too vague to be a legally-enforceable agreement. Group of answer choices True False

Akimi4 [234]

FALSE

i hope this helps you :)

6 0

2 years ago

On January 2, year 5 Ral Co. leased land and a building from an unrelated lessor for a 10-year term. The lease has a renewal opt

nordsb [41]

Answer:

D) $14,000

Explanation:

Description Estimated life Cost Amortization per year

Sales office 10 years $47,000 $4,700

Warehouse 25 years $75,000 $7,500

Parking lot 15 years $18,000 $1,800

total $14,000

Even though the useful life or the warehouse and parking lot is longer than 10 years, since the lease contract is only for 10 years, then it must be depreciated in 10 years.

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2 years ago