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3 years ago

10

You deposit $1,900 into an account that pays 3% per year. Your plan is to withdraw this amount at the end of 5 years to use for

a down payment on a new car. How much will you be able to withdraw at the end of 5 years

1 answer:

arsen [322]3 years ago

7 0

Answer:

$2202.62

Explanation:

Future value = amount x ( 1 + interest rate)^n

$1900(1.03)^5 = $2202.62

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Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.00 next year. The growth rate in dividends for all thre

fiasKO [112]

Answer:

Red Inc stock price=$93.75

Yellow Corp stock price=$44.78

Blue company=$36.14

Explanation:

Calculation for What is the stock price

Using this formula

Stock price=D1/(Required return-Growth rate)

Let plug in the formula

Red Inc stock price=3.00/(0.092-0.06)

Red Inc stock price=3.00/0.032

Red Inc stock price=$93.75

Yellow Corp stock price=3.00/(0.127-0.06)

Yellow Corp stock price=3.00/0.067

Yellow Corp stock price=$44.78

Blue company =3.00/(0.143-0.06)

Blue company=3.00/0.083

Blue company=$36.14

6 0

3 years ago

A company has $1,500,000 in current assets and $500,000 in current liabilities. The company's current inventory level is $250,00

GalinKa [24]

Answer:

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3 0

2 years ago

Sports Medicine, Inc., offers two types of physical exams for students: the basic physical and the extended physical. The char

kramer

<em>Explanation</em>:

Second Quarter Sales budget

<u>Forecasted Physical Exam. (Basic at $95 per exam and Extended at $150)</u>

July

Basic > 240 =95*240=23,040

Extended > 165 = 150*165=25,200

August

Forecasted Physical Exam.

Basic > 250 = 95*250=23,750

Extended > 215 =150*215=32,250

September

Forecasted Physical Exam.

Basic > 80 =90*80 =7,200

Extended > 90 =150*90 =13500

Total Gross Sales

Basic=$53,990

Extended=$70,950

3 0

3 years ago

You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery

arsen [322]

Answer:

Expected Loss will be $3

Explanation:

Expected Loss can be calculated by multiplying the probabilities to Net expected outcome.

Probabilities

Prize ( $460) = 1 / 100

Prize ( $80 ) = 2 / 100

Prize ( $20 ) = 4 / 100

No prize = 100/100 - (1+2+4)/100 = 93/100

Expected value = [( 460 - 10 ) x 1/100 ] + [( 80 - 10 ) x 2/100 ] + [( 20 - 10 ) x 4/100 ] + [( 0 - 10 ) x 93/100] = 4.5 + 1.4 + 0.4 - 9.3 = -$3

3 0

3 years ago

Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin

pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

5 0

3 years ago