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Think about three things that you spend money on every week, for example a coffee or chocolate or perhaps taking the bus when you could walk; something that you do not necessarily need. Imagine that money you save can be invested at 5% per year compounded weekly. With this information answer the following:
Problem 1: Calculate how much you would save if you decided not to purchase those things for 10 years.
Problem 2: Explain whether you think what you are giving up in savings by making those purchases is worth it or not. For example, if you believe that the joy of eating some chocolate every week is greater than the joy that you would get from having those extra savings after 10 years, then the tradeoff would not be worth it for you
Calculate what MNC would receive from the Japanese customer in US dollars using the spot rate at the time of the order
If you put your inheritance in an account that earns 9 percent interest compounded? annually, how many years will it be before inheritance grows to ?$30,000?
Mr. Austin is planning for his retirement. His goal is to withdraw $4,000 per month for 25 years. What is the principle that Mr Austin will need
Calculate the amount of depreciation for the first year ending on Mar 31, 2009 if the machine was purchased on (i) Apr 1, 2008, (ii) July 1, 2008, (iii) Oct 1, 2008 and (iv) Jan 1, 2009.
What is the present value of a perpetual stream of cash flows that pays ?$1,500 at the end of year one and the annual cash flows grow at a rate of 3?% per year?
What entry must Sam's Painting Service make on December 31 before financial statements are prepared?
nbspnbspredrafting contribution margin statements.austins shooters inc. operates a paintball course where customers can
(Post-Balance-Sheet Events) Madrasah Corporation issued its financial statements for the year ended December 31, 2014, on March 10, 2015. The following events took place early in 2015. On January 10, 10,000 shares of $5 par value common stock were is..
Compute the following items for the statement of cash flows: Beginning and ending Plant Assets, Net, are $99,000 and $92,000, respectively. Depreciation for the period was $11,000, and purchases of new plant assets were $23,000. Plant assets were sol..
Large Land Photo Shop has asked you to determine whether the company’s ability to pay current liabilities and total liabilities improved or deteriorated during 2015. Compute the following ratios for 2015 and 2014, and evaluate the company’s ability t..
What is the amount of overstatement or understatement of the retained earnings account at December 31, 2011?
On February 15, Bayo buys 7,000 shares of Kebo common at $28.53 per share plus a brokerage fee of $400. The stock is classified as available-for-sale securities. On March 15, Lathit declares a dividend of $1.15 per share payable to stockholders of re..
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