Reference no: EM1359024
#1
Gary's Pipe and Steel company expects sales next year to be $800,000 if the economy is strong, $500,000 if the economy is steady, and $350,000 if the economy is weak. Gary believes there is a 20 percent probability the economy is steady, and $350,000 if the economy is weak. Gary believes there is a 20 percent probability the economy is steady, and $350,000 if the economy is weak. Gary believes there is a 20 percent probability.
#5
Procter Micro Computers, Inc. requires $1,200,000 in financing over the next two years. The firm can borrow the funds for 2 years at 9.5 percent interest per year. Mr. Procter decides to do economic forecasting and determines that is he utilizes short-term financing instead, he will pay 6.55 percent interest in the first year and 10.95 percent interest in the second year. Determine the total two year interest cost under each plan. Which play is less costly?
#13
The treasurer of Neiman Supermarkets is seeking a $30,000 loan for 180 days from Wrigley Bank and Trust. The stated interest rate is 10 percent and there is a 15 percent compensating balance requirement. The treasurer always keeps a minimum of $2,500 in the firm's checking account. These funds could count toward meeting any compensating balance requirement. What is the effective rate of interest on this loan?
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Diversity training and training options
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Non payment of loan
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Write program to match master and transaction methods
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Compute the expected value the expected return
: Compute the expected value, the expected return, the variance and the standard deviation of an asset that requires a $1000 investment, but will return $850 half of the time and $1,250 the other half of the time.
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Find effective rate of interest
: Gary's Pipe and Steel corporation expects sales next year to be $800,000 if the economy is strong, $500,000 if the economy is steady, and $350,000 if the economy is weak.
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Deduction for moving expenses
: In which of the following situations is the taxpayer not allowed a deduction for moving expenses?
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Approach recommended by current disorder
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Design a program written psuedocode enter total rainfall
: Design a program WRITTEN IN PSUEDO CODE that lets the user enter the total rainfall for each of 12 months into an array.
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Understanding the benefits of accounting
: Describe financial statements users (internal and external) . Who will benefit the most from accounting?
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