Using the Budget method. Your annual family expenses are $90,000 annually. You figured that you need to provide for your family for 25 years, or until your children are fully independent and your spouse reaches retirement age. If you passed away, then the life insurance can be placed in a safe long-term investment, which would yield 8% per year. You would also like to have $450,000 set aside to educate your 2 youngest children. Your current savings is $55,000. You currently earn $120,000 annually (after taxes). How much life insurance do you need using the Budget method? PVA=PMT*[(1-(1/(1+i)n))/(i)]

Using the Budget method. Your annual family expenses are $90,000 annually. You figured that you need to provide for your family for 25 years, or until your children are fully independent and your spouse reaches retirement age. If you passed away, then the life insurance can be placed in a safe long-term investment, which would yield 8% per year. You would also like to have $450,000 set aside to educate your 2 youngest children. Your current savings is $55,000. You currently earn $120,000 annually (after taxes). How much life insurance do you need using the Budget method? PVA=PMT*[(1-(1/(1+i)n))/(i)]

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Safari File Edit View History Bookmarks Window Help Inbox (3,222) - tonygonzalez0100@g... learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com Bb Welcome, Tony - Blackboard Learn The Effect of Compounding 4. Use the TVM Calculator to fill in the following table given that the APR is 6%. Round to 2 decimal places as needed. PV = PMT = FV = APR = Periods = CHANGES Compounding: CHANGES Bb NCBM 0222/MATD 0485 Unit 4 Conte... DEC 7 Principal Compounding Periods Annually $1,000 $1,000 $1,000 $1,000 $1,000 Semiannually tv Monthly Weekly Bb https://learn-us-east-1-prod-fleet02-x... Daily If we summarize the effect seen in the table, we see that more compoundings per year means that you will have more money in the account, but the amount of increase will eventually level off. Most Screenshot publish the APY, or Annual Percentage Yield, instead of the APR to account for this effect. Amount after 1 year A 5 32 4/ Ơ Wed Dec 7 12:11 AM b Success Confirmation of Question Sub... t PM PM . PM…
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solve below all questions tqvm p=1 q=9 r=0 s=1 t=7 u=0
Compute bond proceeds, amortizing premium by interest method, and interest expense 4. BE.11.05 ALGO Ware Co. produces and sells motorcydle parts. On the first day of its fiscal year, Ware issued $28,000,000 of four-year, 11% bonds at a market 5. BE.11.06 BLANKSHEET (effective) interest rate of 9%, with interest payable semiannually. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. 6. EX.11.01 7. EX.11.02 ALGO Open spreadsheet 8. EX.11.03 ALGO 9. EX.11.05 ALGO Compute the following a. The amount of cash proceeds from the sale of the bonds. Round your answer to the nearest dollar. 10. EX 11.07 11. EX 11.15 b. The amount of premium to be amortized for the first semiannual interest payment period, using the interest method. Round your answer to the nearest dollar, 12. PR 11.01A BLANKSHEET 13. PR 11.02A BLANKSHEET C. The amount of premium to be amortized for the second…
00 Calibri (Body) A A Aa Ap EE E EE ¶ AaBbCcDd AaBbCcDd AaBbC AABBCCD v11 Replace Sensitivity Dictate Editor Reuse 1 Normal 1 No Spac. Heading 1 Create and Share Request Signatures Heading 2 田、^三三三三三^マ、、Vxx Styles A Select v Adobe PDF Files Adobe Acrobat Voice Sensitivity Editor Reuse Files Font Paragraph bunip3 51 3. Avalanche Inc. reported sales of $1,070,000, total assets at the end of the year of $2,500,000, $775,000 of which is property, plant, and equipment, and total assets at the beginning of the year of $2,300,000. The company has net income of $515,000, stockholders' equity at the end of the year of $1,500,000 and stockholders' equity at the beginning of the year of $1,510,000. What is the company's asset turnover ratio? What is their Return on Investment? What is their ROE? of 3 545 words DFocus 21 P Type here to search 1:20 AM 50°F 五 10/28/2021 自
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AutoSave Off File Home Insert Page Layout ch04_p24_build_a_model v Search Data Review View Automate Formulas 10 AA =1 Arial Paste BIU v Clipboard Z BA Font v General $%90-00 2 Alignment E Number [ M64 fx A B C D E F G H 79 80 Help H Insert く Delete Formatting Conditional Format as Cell Table Styles Format Styles Cells 81 f. Now assume the date is 10/25/2021. Assume further that a 12%, 10-year bond was issued on 7/1/2021, pays 82 interest semiannually (January 1 and July 1), and sells for $1,100. Use your spreadsheet to find the bond's 83 84 Refer to this chapter's Tool Kit for information about how to use Excel's bond valuation functions. The model finds the 85 price of a bond, but the procedures for finding the yield are similar. Begin by setting up the input data as shown below: 86 87 Basic info: J K Σ WE◊ David N M << Z ANSE So Filt Ed 88 Settlement (today) 89 Maturity 90 Coupon rate 91 Current price (% of par) 92 Redemption (% of par value) 93 Frequency (for semiannual) 94 Basis…
C Home Insert Draw Page Layout 4 Cut [Copy ✓ AutoSave 12345 Paste A Format B Calibri (Body) B I U v Ready Initial cost Square feet occupied IT labor hours used C V V Formulas Data Review View X Update Available We've made some fixes and improvements. To complete the process, the app needs to restart. A1 : fx Function: SUM; Formulas: Add; Multiply; Divide; Cell Referencing Enter Answer + 12 D 1 Function: SUM; Formulas: Add; Multiply; Divide; Cell Referencing Accessibility: Investigate Support Departments Maintenance V V A^ A 2,000 1,000 E14.2a - Using Excel to Allocate Support Department Costs Using the Direct Method PROBLEM 5 The Screamin' Eagles Company makes wheels and wings for ground transport vehicles and drones. In 6 addition to the key manufacturing departments, Screamin' Eagles needs two key support services, provided 7 by its Maintenance and IT departments. The Maintenance costs are allocated to other departments based on 8 the square footage of space each department occupies.…
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%24 2 Project: Company Accour X DZL. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea x Cengage Learning +| x ow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator3&inprogress%3Dfalse eBook Show Me How Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $40,964 $41,800 Long-term debt 45,594 44,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable Decrease Increase Long-term debt Check My Work Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages. Previous Check My Work 3:12 PM dp SU prt sc 144 114