How much would save if decided not to purchase

Assignment Help Financial Accounting
Reference no: EM132973859

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

Reference no: EM132973859

Questions Cloud

What is the usefulness of crime prevention strategies : What is the Usefulness of crime prevention strategies in reducing crime in society?
Explain what the market opportunity : Identify your most promising opportunity, being careful to discriminate between an interesting technological idea and a viable market opportunity
Is google a monopoly that needs to be broken up : Is Google a monopoly that needs to be broken up?
Advise Keith what probabilistic judgement : Keith is also required to work with the external auditors. The company has used the same auditors for several years. Advise Keith what probabilistic judgement
How much would save if decided not to purchase : 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
Witnessed unethical practices in the workplace : Safe Assign is a measurement of ethical writing. It measures how much of your writing is not your own words and sentences. Writing that is not your words and se
Briefly state why the foundational principle is violated : For each independent situation, A & B, state the foundational principle which is violated. Briefly state why the foundational principle is violated
How well whs utilises various assets : The Warehouse Group Limited (WHS), together with its subsidiaries, How well WHS generates operating profits and net profits from its sales.
Calculate each division asset turnover ratio : Management has a 23% target rate of return for each division. Calculate each division's asset turnover ratio

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate what MNC would receive from the Japanese customer

Calculate what MNC would receive from the Japanese customer in US dollars using the spot rate at the time of the order

  How many years will it be before inheritance grows

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?

  What is the principle that Mr Austin will need

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

  Calculation of amount of depreciation under slm

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 flow

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 painting service make on december

What entry must Sam's Painting Service make on December 31 before financial statements are prepared?

  Nbspnbspredrafting contribution margin statementsaustins

nbspnbspredrafting contribution margin statements.austins shooters inc. operates a paintball course where customers can

  Post-balance-sheet events

(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..

  Items for the statement of cash flows

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..

  Ability to pay its current liabilities and total liabilities

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

What is the amount of overstatement or understatement of the retained earnings account at December 31, 2011?

  Stock is classified as available-for-sale securities

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..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd