07-credit-quiz-7
pdf
keyboard_arrow_up
School
New York University *
*We aren’t endorsed by this school
Course
248
Subject
Finance
Date
Jan 9, 2024
Type
Pages
13
Uploaded by jupyter83
Studocu is not sponsored or endorsed by any college or university
07 Credit Quiz 7
Overview of Corporate Finance (Athabasca University)
Studocu is not sponsored or endorsed by any college or university
07 Credit Quiz 7
Overview of Corporate Finance (Athabasca University)
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Correct
Mark 1.00 out of 1.00
Using a payback period rule tends to bias investors toward
Reference: textbook page 303
The correct answer is: shorter-term investments.
Select one:
a. riskier investments.
b. less risky investments.
c. longer-term investments.
d. shorter-term investments.
e. lower return investments.
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Correct
Mark 1.00 out of 1.00
Project Phoenix costs $1.25 million and yields annual cost savings of $300,000 for seven years. The
assets involved in the project can be salvaged for $100,000 at the end of the project. Ignoring taxes,
what is the payback period for Project Phoenix?
Your answer is correct.
CF0 = –$1,250,000
CF1 = $300,000
Ending Balance at time 1 = –$1,250,000 +$300,000 = –$950,000
CF2 = $300,000
Ending Balance at time 2 = –$950,000 + $300,000 = –$650,000
CF3 = $300,000
Ending Balance at time 3 = –$650,000 + $300,000 = –$350,000
CF4 = $300,000
Ending Balance at time 4 = –$350,000 + $300,000 = –$50,000
CF5 = $300,000
Ending Balance at time 5 = –$50,000 + $300,000 = $250,000
Payback occurs between time 4 and time 5. The fraction of year is 50,000 / 300,000
= 0.166666667 year x 12 months/year = 2 months
Select one:
a. 4 years
b. 4 years and 1.7 months
c. 4 years and 2 months
d. 4 years and 3 months
e. 5 years
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Therefore, payback period = 4 years + 2 months.
The correct answer is: 4 years and 2 months
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Correct
Mark 1.00 out of 1.00
Fargo Inc. is considering a project that will require an initial investment of $1.5 million. The project
will provide incremental cash inflows of $600,000 for the next five years. If the required return on the
project is 15%, what is its discounted payback? If the company’s investment cutoff threshold is three
years, should the project be given the go-ahead?
CF0 = $1,500,000
CF1 = $600,000
PV(CF1) = $600,000 / 1.15 = $521,739.1304
Ending PV balance at time 1 = –$1,500,000 + $521,739.1304 = –$978,260.87
CF2 = $600,000
PV(CF2) = $600,000 / 1.15^2 = $453,686.2004
Ending PV balance at time 2 = –$978,260.87 + $453,686.2004 = –$524,574.669
CF3 = $600,000
PV(CF3) = $600,000 / 1.15^3 = $394,509.7395
Ending PV balance at time 3 = –$524,574.669 + $394,509.7395 = –$130,064.9297
CF4 = $600,000
PV(CF4) = $600,000 / 1.15^4 = $343,051.9474
Ending PV balance at time 4 = –$130,064.9297 + $343,051.9474 = $212,987.0177
Discounted payback occurs between time 3 and time 4. The fraction of year is calculated as
$130,064.9297 / $343,051.9474 = 0.379140625 years x 12 months/year = 4.549687 months
Select one:
a. 3 years and 4.55 months; yes
b. 3 years and 4.55 months; no
c. 4 years and 11.55 months; yes
d. 4 years and 11.55 months; no
e. 5 years and 1 month; no
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Therefore, discounted payback period is 3 years + 4.55 months. Since the discounted payback is
greater than the cutoff of 3 years, we would not go ahead with the project.
The correct answer is: 3 years and 4.55 months; no
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Correct
Mark 1.00 out of 1.00
A project will generate the following cash flows. If the required rate of return is 15%, what is the
project’s net present value?
PV(CF1) = $15,000 / 1.15 = $13,043.47826
PV(CF2) = $16,000 / 1.15^2 = $12,098.29868
PV(CF3) = $17,000 / 1.15^3 = $11,177.77595
PV(CF4) = $18,000 / 1.15^4 = $10,291.55842
PV(CF5) = $19,000 / 1.15^5 = $9.446.357971
NPV = –$50,000 + $13,043.47826 + $12,098.29868 + $11,177.77595 + $10,291.55842 +
Select one:
a. $16,790.47
b. $6,057.47
c. $3,460.47
d. $1,487.21
e. –$3,072.47
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
$9,446.357971
= –$50,000 + $56,057.46928
= $6,057.46928
The correct answer is: $6,057.47
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Incorrect
Mark 0.00 out of 1.00
A project will generate the following cash flows. The required rate of return is 15%. If the profitability
index is 1.7, what is the initial investment for this project?
PV(All future cash flows) = ($15,000 / 1.15) + ($16,000 / 1.15^2) + ($17,000 / 1.15^3) + ($18,000 /
1.15^4) + ($19,000 / 1.15^5)
= $13,043.47826 + $12,098.29868 + $11,177.77595 + $10,291.55842 + $9,446.357971
= $56,057.46928
PI = PV(All future cash flows) / Initial cash outflow
=> 1.7 = $56,057.46928 / Initial cash outflow
Select one:
a. $26,217.06
b. $31,460.47
c. $32,974.98
d. $37,752.57
e. $95,297.70
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
=> Initial cash outflow = $56,057.46928 / 1.7 = $32,974.98193
The correct answer is: $32,974.98
Correct
Mark 1.00 out of 1.00
Mr. Gallagher is considering replacing his five-year-old car with a new one. The new car will cost
$30,000, taking into consideration the trade-in value of the old car. The new car will save Mr.
Gallagher $5,000 per year in terms of gasoline, repairs, and maintenance. Mr. Gallagher plans to keep
this new car for five years. At the end of five years, the car can be sold for $8,000. What is the internal
rate of return on the new car?
PV = –$30,000
PMT = $5,000
FV = $8,000
N = 5
Using financial calculator, solve for I/Y = 2.798145349%
The correct answer is: 2.80%
Select one:
a. 1.40%
b. 2.80%
c. 5.00%
d. 8.14%
e. 9.43%
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Correct
Mark 1.00 out of 1.00
A project will cost $20,000 today and yield cash inflows of $15,000 and $25,000 at the end of Year 1
and Year 2, respectively. At the end of Year 3, the project will require an additional clean-up cost of
$5,000. The required rate of return for similar projects is 10%. What is the MIRR of this project if we
use the discounting approach?
CF0 = –$20,000
CF1 = $15,000
CF2 = $25,000
CF3 = –$5,000
r = 0.1
Discounting Approach:
Modified Cash Flows:
CF0 = –$20,000 – ($5,000 / 1.1^3) = –$23,756.574
CF1 = $15,000
CF2 = $25,000
CF3 = 0
Using a financial calculator, enter the modified cash flows, and compute the IRR.
IRR = 38.90184893%
The correct answer is: 38.90%
Select one:
a. 61.80%
b. 48.03%
c. 38.90%
d. 26.67%
e. 24.32%
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Correct
Mark 1.00 out of 1.00
Which of the following is a disadvantage of the internal rate of return criterion?
Reference: textbook page 322
The correct answer is: It may lead to incorrect decisions when comparing mutually exclusive investments
.
Correct
Mark 1.00 out of 1.00
Which of the following investment criteria are commonly used by Canadian firms in their capital
budgeting decisions?
Reference: textbook page 321
The correct answer is: a, b, and c
Select one:
a. It is not a true rate of return.
b. It uses an arbitrary benchmark cutoff rate.
c. It ignores time value of money, cash flows, and market values.
d. It cannot be used to rank independent projects.
e. It may lead to incorrect decisions when comparing mutually exclusive investments
. Select one:
a. net present value
b. internal rate of return
c. payback period
d. a and b only
e. a, b, and c
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Correct
Mark 1.00 out of 1.00
refers to the situation in which different units in a company are
allocated fixed amounts of money each year for capital spending.
Reference: textbook page 323
The correct answer is:
[Soft rationing] refers to the situation in which different units in a company are allocated fixed
amounts of money each year for capital spending.
◄
Practice Quiz 7
L
esson 8: Operating Cash Flows and Capital Investment Decisions ►
Downloaded by Umaima Usman (umaimausman2k@gmail.com)
lOMoARcPSD|3866758
Related Documents
Related Questions
este X
* CengageNOww2 | Online teachin x
: Cengage Learning
genow.com.filrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=8inprogress=false
еВook
Show Me How
Providing for Doubtful Accounts
At the end of the current year, the accounts receivable account has a debit balance of $969,000 and sales for the year total $10,990,000.
a. The allowance account before adjustment has a credit balance of $13,100. Bad debt expense is estimated at 1/4 of 1% of sales.
b. The allowance account before adjustment has a credit balance of $13,100. An aging of the accounts in the customer ledger indicates estimated
doubtful accounts of $41,900.
C. The allowance account before adjustment has a debit balance of $4,600. Bad debt expense is estimated at 3/4 of 1% of sales.
d. The allowance account before adjustment has a debit balance of $4,600. An aging of the accounts in the customer ledger indicates estimated
doubtful accounts of $38,200.
Determine the amount of the adjusting…
arrow_forward
What is the correct answer A thru D
arrow_forward
Eva Oca mpo Bank Statement
+.
y onE68 GBzq2 ORffwnqVtgYY/edit # slide-id.g78c78cf0c6_0_0
%23
ades and Attend
S Pearson Realize Student Assignmen..
* Login Page n NoRedink is on a m..
Dictionary.com |FL
K K
xton
O Present
ons Help
Last edit was 6 days ago
ckground Layout-
Theme
Transition
2 13 r 4 .
5.
|.6 7
Example 1
Allison currently has a balance of $2,300 in her
checking account. She deposits a $425.33
paycheck, a $20 rebate check, and a personal
check for $550 into her checking account. She
wants to receive $200 in cash. How much will she
have in her account after the transaction?
Show work here:
arrow_forward
G 1098.88 rounded to the nearest x +
secure admin288.acellus.com/StudentFunctions/Interface/acellus_engine.html?ClassID=243193197#
Learning X
The Ruined Maid P...
orporate Income Taxes
se here to search
Calculate the net income after corporate income
tax is paid for Quarter 1 from the following income
statement. Use a corporate income tax rate of 21%.
L
Net Sales
COGS
Gross Profit
E
Q1 (x1000)
115
Copyright © 2003-2023 International Academy of Science. All Rights Reserved.
(33)
82
Overhead
(32)
Pre-tax Income 50
Q2(x1000)
175
(35)
140
(51)
89
Net Income = $ [?]
Multiply your result by 1000 before entering.
For example: 1.23 (x1000) = $1,230.
1
Enter
72°F Light rain
نی
4x
arrow_forward
Chap 11. Q.3
arrow_forward
Can I get some help with this?
arrow_forward
A v2.cengagenow.com
da EXCHANGE PASSWORD REQUIRED
1 FA2021 - Fina...
X CengageNOWv2 | Online teaching and learning reso.
11m
O https://www.toolingu.com/Ims/contentplayer/?corpo.
Enter your password for "hjmolin" in Internet
Accounts.
еВook
Show Me How
Note Payable and Accrued Interest
Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with
interest on May 1, 2024.
Required:
1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank.
2023 Oct. 1 Cash
Notes Payable
(Record issuance of note)
Feedback
2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank.
2023 Dec. 31 Interest Expense
Interest Payable
(Record accrued interest)
Feedback
3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023.
Among the current…
arrow_forward
H1.
Can someone help me solve this using PMT Function?
arrow_forward
Students Home
M Federal Financial Aid Program X
Students Home
Ch. 7 Hmwk: Invoices, Trade &X
A Ch. 7 Hmwk Invoices, Trade & X
A webassign.net/web/Student/Assignment-Responses/last?dep3D27277752
Apps M Gmail
DYouTube Maps
...
...
EReading list
7. [-/1 Points]
DETAILS
BRECMBC9 7.I1.010.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent.
List Price
Trade Discount Rate
Net Price Factor
Net Price
$3,499.00
35%
$4
Need Help?
Read It
8. [-/1 Points]
DETAILS
BRECMBC9 7.J1.014.
MY NOTES
ASK YOUR TEACHER
PRACTICE ANOTHER
Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent.
List Price
Trade Discount Rate
Trade Discount
Net Price
$4,500.00
$3,515.00
Need Help?
11:28 PM
71°F
(岁
10/9/2021
P Type here to search
arrow_forward
Courses
Mastering Chernie X
2MateryCheme X
loud/modules/unproctoredTest.QuestionSheet
McCraith-Sectic x
Updte
Help Caroline Achienge S01243611acadceduLogout
all 2021 I Chapter 1 Consumer Finance / Section 1.5 Digital Exercises
Gradebook.
Extemat
kercises
Remaining Time Unimted
Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a
maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how
much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are
taxed at a rate of 27%, then how much will you have when you retire?
Round all answers to 2 decimal places.
Before taxes retirement amount $
Number
After taxes retirement amount $
Number
Submit Assignment
Quit & Save
Васк
Question Menu 4
Next
38°F Partly sunny A 0)
411 PM
11/19/202
end
home
delete
prt sc
144
4+
4-
40
num
lock
backspace
&
8.
6.
7.
home
|近
arrow_forward
Learning
SE MINDTAP
evo/index.html?deploymentid=60338517901669990751687760&elSBN=9780357517642&nbld=3626933&snap... ☆
lomework
6300.
1
mancial Lailuialvi vi a spicoubnicel.
Hide Feedback
Correct
X
f6
Quantitative Problem 1: You plan to deposit $2,200 per year for 6 years into a money market account with an annual return of 2%. You plan
to make your first deposit one year from today.
a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations. Round your answer to the nearest cent.
4
b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations.
Round your answer to the nearest cent.
6
Hide Feedback
Incorrect
F
Check My Work Feedback
Review the FVAN definition and its equation.
Q Search
Understand the difference between an ordinary annuity and an annuity due.
Be careful about the order of mathematical operations if using the equation.
If using a financial calculator, be…
arrow_forward
O UTF-8"CH_02.pptx x
O UTF-8"Individual%:
* Assets Liabilities C x
O UTF-8"Individual%2 x
b My Questions | bart x
Bb Review Submission x
Course Home
A Not secure | openvellum.ecollege.com/course.html?courseld=15836449&HepID=07d540babdc75223ea4bcb31dba912cb#10001
My Courses
Amay Brown :| e
Intro to Financial Accounting 29:010:203 (Spring 2020)
|
02/11/20 3:01 PM
Course Home
Homework: Assignment 2
Save
Assignments
Score: 0.43 of 1 pt
HW Score: 75.6%, 9.07 of 12 pts
11 of 12 (11 complete) v
Study Plan
TI1-5 (similar to)
E Question Help
Results
18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for RN Painting for the month of March 2018. The business
began operations on March 1, 2018.
E (Click the icon to view the account balances.)
Pearson eText
Multimedia Library
Accounts Receivable
1700||Accounts Payable
Dynamic Study
Modules
Office Supplies
Stockholders' Equity
Retained Earnings
Syllabus
Service Revenue
Total Expenses…
arrow_forward
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!
arrow_forward
GThda kahlo - Google Search
X O Frida Kahlo Flashcards Quizle x
O Cemputeh
nheducation.com/ext/map/index.html?_con%3con&external_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252
https://cdn.musc. E Individual Differen.
M
- Corporate Finance
4 SPAN101: Element..
Canvas Dashboard
Course Registration
Saved
Problem 12-11 Internal rate of return [LO12-4)
You buy a new piece of equipment for $31,706, and you receive a cash inflow of $4,200 per year for 17 years. Use Appendix D for an
approximate answer but calculate your final answer using the financial calculator method.
What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal
places.)
Internal rate of return
nces
Mill
MacBook Air
トト
吕口
F3
888
F4
F7
Fe
F9
F5
F2
@
2#
$
%
&
*
2
3
4
5
6.
7
8
W
R
T
Y
o
ーの
つ
arrow_forward
What is the answer A thru D?
arrow_forward
Help please
arrow_forward
•¯¯¯**EF34
dentFunctions/Interface/acellus_engine.html?ClassID=1073315989
ip o
36
W
S
SE
SE SO
Days 1-3: $150 (initial balance)
Days 4-20: $200
($50 purchase)
Days 21-30: $50
($150 payment)
ght © 2003-2023 International Academy of Science. All Rights Reserved.
The balance on a credit card, that charges a 10.5%
APR interest rate, over a 1 month period is given in
the following table:
finance charge = $ [?]
Round to the nearest hundredth.
9
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
MacBook Air
W
Enter
6
CDC
Using Alternative
Server
C
arrow_forward
NSPIRON
متوقف مؤقتا
elearn.squ.edu.om/mod/quiz/review.php?attempt=D16687
G... Obs -Jblicyl .lyI all zihll Go
SQU E-LEARNING SYSTEM (ACADEMIC) E-LEARNING SERVICES SQU LIBRARIES SQU PORTALATTENDANCE
The correct answer is: OMR 35,200
Question
10
Company XYZ is currently producing AND selling 10,000 units of product A. At this level, the total product cost was $60,000.
This included $10,000 direct materials, $20,000 direct labor and $30,000 manufacturing overhead cost, which included 20%
variable manufacturing overhead cost. The selling and administrative expenses were $100,000, which included $60,000
variable selling and administrative costs. Assume that the selling price per unit $20, how much was the total contribution
margin?
Theorrect
Mark0.00 out of
2.00
Flag
question
a. $134,000
b. None of the given answers
C. $40,000
d. $104,000
e. $194,000
The correct answer is: $104,000
Windows
Finish review
ENG
II
...
arrow_forward
Need help with this questiin please. Thank you
arrow_forward
mp?attempt=1764992&cmid%3875183&page=D12
الم صيرة بلحه
u io a https://alternativet
4 SQUCOFFEE - Goog. B BCOM2911-Busines..
O Sultan Caboos Univ.
O Trading Platfom
ACADEMIC)
E-LEARNING SERVICES SQU LIBRARIES SQU PORTAL ATTENDANCE
lanagerial Accounting - Spring21
e / My courses / ACCT2121 yasserg Spring21/ Midterm Exam One / Midterm Exam One
stion
The adjustment of overapplied manufacturing overhead cost results in all the following, EXCEPT:
O a. decrease in net operating income.
ed
O b. increase in net operating income.
out of
Oc.
decrease in cost of goods sold
O d. none of the given answers
stion
XYZ Company had the following information for the year:
red
Direct materials used
OMR 110,000
dout of
Direct labor incurred (5,000 hours)
OMR 150,000
Actual manufacturing overhead incurred
OMR 166,000
on
The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventc
an ending Work in Process Inventory balance of OMR 17,000. What was cost…
arrow_forward
nt Home
Content
CengageNOWv2| Online teach x
Mail - Niyonzima Focus - Ou
x +
cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession. *
A
Calculator
A $375,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $320,000. Journalize the redemption of the bonds.
If an amount box does not require an entry, leave it blank.
Cash
Bonds Payable
Gain on Redemption of Bonds
Cash
arrow_forward
X
SAM.gov | Home
First Financial Bank
Question 1- Week 5: X
devry: Cost Managem X
-Portal
X
M Inbox (17) - princessp: X
X
https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com...
A to
Homework i
Saved
Help
Save & Exit
Check
The following information is available for Brownstone Products Company for the month of July:
Master
Actual
Budget
Units
3,500
4,000
Sales revenue
$ 54,300
$ 60,000
Variable manufacturing costs
10,000
16,000
Fixed manufacturing costs
13,000
14,000
Variable selling and administrative expenses
6,500
8,000
Fixed selling and administrative expenses
8,000
9,100
Required:
1. What was the master budget variance for July? Was this variance favorable or unfavorable?
es
2. Compute the July sales volume variance and the flexible-budget variance for the month, both in terms of contribution margin and in
terms of operating income.
4. Prepare pro-forma budgets for activities within its relevant range of…
arrow_forward
Please help me solve it
arrow_forward
g! Due to inactivity, your x
Content
* CengageNOWv2 | Online teachi x
Cengage Learning
.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
les ajoutant à la barre de favoris. Importer mes favoris maintenant.
h eBook
4 Show Me How
Accounts Receivable Analysis
A company reports the following:
Sales
$1,460,000
Average accounts receivable (net)
100,000
Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and
final answers to one decimal place. Assume a 365-day year.
a. Accounts receivable turnover
14.6 V
b. Number of days' sales in receivables
x days
Feedback
Check My Work
a. Divide sales by average accounts receivable.
b. Divide average accounts receivable by average daily sales. Average daily sales are sales divided by 365 days.
a
N
acer
arrow_forward
My question is How do I find the formula for Cell A11 and where do I need to calculate those so that I can work on that easily before putting in Excel?
arrow_forward
Kellogg's | History, Cer X
+
Qsnhu login - Search
Do Homework-3-1 M X
X
Home
X
TeMyLab Finance Pearso X
P Introduction: The Time X
S
C
A
G
Sign in
https://mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=623722542&questionid=1&flushe...
Shonda Curry
05/23/22 9:51 PM
FIN-320-X5089 Principles of Finance 22EW5
=
Homework: 3-1 MyFinanceLab Assignment
Question 9, P5-18 (similar to)
Save
HW Score: 42%, 21 of 50 points
O Points: 0 of 4
>
(Related to Checkpoint 5.5) (Solving for n) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $330,000 Rolls-Royce Phantom. Jack currently has $67,960 that he may invest.
He has found a mutual fund with an expected annual return of 4.5 percent in which he will place the money. How long will it take Jack to win Jill's hand in marriage? Ignore taxes and inflation.
The number of years it will take for Jack to win Jill's hand in marriage is years. (Round to one decimal place.)
4
Help me solve this
View an…
arrow_forward
need help with Question 1 and 2
please explain step by step
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you

Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,



Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,

Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education
Related Questions
- este X * CengageNOww2 | Online teachin x : Cengage Learning genow.com.filrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=8inprogress=false еВook Show Me How Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has a debit balance of $969,000 and sales for the year total $10,990,000. a. The allowance account before adjustment has a credit balance of $13,100. Bad debt expense is estimated at 1/4 of 1% of sales. b. The allowance account before adjustment has a credit balance of $13,100. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $41,900. C. The allowance account before adjustment has a debit balance of $4,600. Bad debt expense is estimated at 3/4 of 1% of sales. d. The allowance account before adjustment has a debit balance of $4,600. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $38,200. Determine the amount of the adjusting…arrow_forwardWhat is the correct answer A thru Darrow_forwardEva Oca mpo Bank Statement +. y onE68 GBzq2 ORffwnqVtgYY/edit # slide-id.g78c78cf0c6_0_0 %23 ades and Attend S Pearson Realize Student Assignmen.. * Login Page n NoRedink is on a m.. Dictionary.com |FL K K xton O Present ons Help Last edit was 6 days ago ckground Layout- Theme Transition 2 13 r 4 . 5. |.6 7 Example 1 Allison currently has a balance of $2,300 in her checking account. She deposits a $425.33 paycheck, a $20 rebate check, and a personal check for $550 into her checking account. She wants to receive $200 in cash. How much will she have in her account after the transaction? Show work here:arrow_forward
- G 1098.88 rounded to the nearest x + secure admin288.acellus.com/StudentFunctions/Interface/acellus_engine.html?ClassID=243193197# Learning X The Ruined Maid P... orporate Income Taxes se here to search Calculate the net income after corporate income tax is paid for Quarter 1 from the following income statement. Use a corporate income tax rate of 21%. L Net Sales COGS Gross Profit E Q1 (x1000) 115 Copyright © 2003-2023 International Academy of Science. All Rights Reserved. (33) 82 Overhead (32) Pre-tax Income 50 Q2(x1000) 175 (35) 140 (51) 89 Net Income = $ [?] Multiply your result by 1000 before entering. For example: 1.23 (x1000) = $1,230. 1 Enter 72°F Light rain نی 4xarrow_forwardChap 11. Q.3arrow_forwardCan I get some help with this?arrow_forward
- A v2.cengagenow.com da EXCHANGE PASSWORD REQUIRED 1 FA2021 - Fina... X CengageNOWv2 | Online teaching and learning reso. 11m O https://www.toolingu.com/Ims/contentplayer/?corpo. Enter your password for "hjmolin" in Internet Accounts. еВook Show Me How Note Payable and Accrued Interest Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with interest on May 1, 2024. Required: 1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank. 2023 Oct. 1 Cash Notes Payable (Record issuance of note) Feedback 2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank. 2023 Dec. 31 Interest Expense Interest Payable (Record accrued interest) Feedback 3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current…arrow_forwardH1. Can someone help me solve this using PMT Function?arrow_forwardStudents Home M Federal Financial Aid Program X Students Home Ch. 7 Hmwk: Invoices, Trade &X A Ch. 7 Hmwk Invoices, Trade & X A webassign.net/web/Student/Assignment-Responses/last?dep3D27277752 Apps M Gmail DYouTube Maps ... ... EReading list 7. [-/1 Points] DETAILS BRECMBC9 7.I1.010. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Calculate the net price factor (as a %) and net price (in $) by using the complement method. Round your answer to the nearest cent. List Price Trade Discount Rate Net Price Factor Net Price $3,499.00 35% $4 Need Help? Read It 8. [-/1 Points] DETAILS BRECMBC9 7.J1.014. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Calculate the trade discount (in $) and trade discount rate (as a %). Round your answer to the nearest tenth of a percent. List Price Trade Discount Rate Trade Discount Net Price $4,500.00 $3,515.00 Need Help? 11:28 PM 71°F (岁 10/9/2021 P Type here to searcharrow_forward
- Courses Mastering Chernie X 2MateryCheme X loud/modules/unproctoredTest.QuestionSheet McCraith-Sectic x Updte Help Caroline Achienge S01243611acadceduLogout all 2021 I Chapter 1 Consumer Finance / Section 1.5 Digital Exercises Gradebook. Extemat kercises Remaining Time Unimted Suppose you are paid $3,000 per month and your employer's 401(k) matches your contributions by 10% up to a maximum of 15% of your pay. Assuming you max-out your retirement savings and you work for 25 years, how much will the 401(k) be worth when you retire (if you can get an APR of 8% during your work years)? If you are taxed at a rate of 27%, then how much will you have when you retire? Round all answers to 2 decimal places. Before taxes retirement amount $ Number After taxes retirement amount $ Number Submit Assignment Quit & Save Васк Question Menu 4 Next 38°F Partly sunny A 0) 411 PM 11/19/202 end home delete prt sc 144 4+ 4- 40 num lock backspace & 8. 6. 7. home |近arrow_forwardLearning SE MINDTAP evo/index.html?deploymentid=60338517901669990751687760&elSBN=9780357517642&nbld=3626933&snap... ☆ lomework 6300. 1 mancial Lailuialvi vi a spicoubnicel. Hide Feedback Correct X f6 Quantitative Problem 1: You plan to deposit $2,200 per year for 6 years into a money market account with an annual return of 2%. You plan to make your first deposit one year from today. a. What amount will be in your account at the end of 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. 4 b. Assume that your deposits will begin today. What amount will be in your account after 6 years? Do not round intermediate calculations. Round your answer to the nearest cent. 6 Hide Feedback Incorrect F Check My Work Feedback Review the FVAN definition and its equation. Q Search Understand the difference between an ordinary annuity and an annuity due. Be careful about the order of mathematical operations if using the equation. If using a financial calculator, be…arrow_forwardO UTF-8"CH_02.pptx x O UTF-8"Individual%: * Assets Liabilities C x O UTF-8"Individual%2 x b My Questions | bart x Bb Review Submission x Course Home A Not secure | openvellum.ecollege.com/course.html?courseld=15836449&HepID=07d540babdc75223ea4bcb31dba912cb#10001 My Courses Amay Brown :| e Intro to Financial Accounting 29:010:203 (Spring 2020) | 02/11/20 3:01 PM Course Home Homework: Assignment 2 Save Assignments Score: 0.43 of 1 pt HW Score: 75.6%, 9.07 of 12 pts 11 of 12 (11 complete) v Study Plan TI1-5 (similar to) E Question Help Results 18. Using the following information, complete the income statement, statement of retained earnings, and balance sheet for RN Painting for the month of March 2018. The business began operations on March 1, 2018. E (Click the icon to view the account balances.) Pearson eText Multimedia Library Accounts Receivable 1700||Accounts Payable Dynamic Study Modules Office Supplies Stockholders' Equity Retained Earnings Syllabus Service Revenue Total Expenses…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Essentials Of InvestmentsFinanceISBN:9781260013924Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.Publisher:Mcgraw-hill Education,
- Foundations Of FinanceFinanceISBN:9780134897264Author:KEOWN, Arthur J., Martin, John D., PETTY, J. WilliamPublisher:Pearson,Fundamentals of Financial Management (MindTap Cou...FinanceISBN:9781337395250Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage LearningCorporate Finance (The Mcgraw-hill/Irwin Series i...FinanceISBN:9780077861759Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan ProfessorPublisher:McGraw-Hill Education

Essentials Of Investments
Finance
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Mcgraw-hill Education,



Foundations Of Finance
Finance
ISBN:9780134897264
Author:KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:Pearson,

Fundamentals of Financial Management (MindTap Cou...
Finance
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i...
Finance
ISBN:9780077861759
Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:McGraw-Hill Education