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natita [175]
3 years ago
8

A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt

to total asset ratio?
Business
1 answer:
Julli [10]3 years ago
5 0
I believe the answer is 67% hope this helps 
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Staci invested $950 five years ago. Her investment paid 7.2 percent interest compounded monthly. Staci's twin sister Shelli inve
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Answer:

$1,360.20 and $1,337.35

Explanation:

In this question, we have to used the Future value formula that is shown below:

Future value = Present value × (1 + rate)^number of years

For Staci, it would be

Present value = $950

Rate =  7.2% ÷ 12 months = 0.6%

Number of years = 5 year × 12 months = 60

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Rate =  8% ÷ 4 quarters = 2%

Number of years = 5 year × 4 quarters = 20

So, the future value

= $950 × (1 + 2%)^20

= $950 × 1.485947396

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