Answer:
The quarterly deposit required is $ 20,578.36
Explanation:
in order to determine the needed quarterly deposit, we make use of pmt formula in excel, which is given as :
=-pmt(rate,nper,-pv,fv)
rate is the rate of return on the deposit at 8% per year but 2% per quarter(8%/4)
nper is number of deposits required in the fund,which number of years ,5 multiplied by 4(4 deposits per year)
pv is the present of the value of the future amount which is zero as it is not required.
Fv is the amount expected in 5 years which is $500,000
=-pmt(2%,20,0,500000)
pmt= $20,578.36
Answer:
the holding period return is 3.77%
Explanation:
The computation of the holding period return is shown below:
Holding period return is
= (Income + (Selling price - Purchase price)) ÷ Purchase price
= ($3 + ($52 - $53)) ÷ 53
= 3.77%
Hence, the holding period return is 3.77%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Total cash= $265,000
Explanation:
Giving the following information:
Sales:
July $200,000
August $300,000
September $250,000.
40% of the sales are for cash, and 60 percent are on credit. For the credit sales, 50 percent are collected in the month of sale and 50 percent the next month.
We need to determine the cash collection for September:
Cash collection:
Sales in cash September= 250,000*0.4= 100,000
Sales on account September= (250,000*0.6)*0.5= 75,000
Sales on account August= (300,000*0.6)*.5= 90,000
Total cash= $265,000
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