User Account

All Pages

Make a recommendation to yani

Assignment Help Financial Accounting
Reference no: EM132590063

Yani has $12,000 for investment purposes. His bank has offered the following three choices:

Choice 1. A special savings certificate that will pay $55 each month for 5 years and a lump sum payment at the end of 5 years of $13,000

Choice 2. Buy a share of a racehorse for $12,000 that will be worth $19,000 in 5 years

Choice 3. Put the money in a savings account that will have an interest rate of 12% per year compounded monthly

Question 1: Use an annual worth analysis to make a recommendation to Yani.

Reference no: EM132590063

Questions Cloud

Discuss the various types of business-type funds : Discuss the various types of business-type funds used in governmental units and provide an example of when each is appropriate.
How much will have in rrsp at the end : The subsequent 10 years, how much will she have in her RRSP at the end of the 20 years? Assume that the RRSP earns 7.2% compounded semiannually.
Make memo to director to address request by internal auditor : In the spirit of cooperation, memo to the director to address his requests by internal auditor.You are a staff auditor in the internal audit department
Provide preliminary memo to the ceo as requested : Last year, R&G Furniture reported revenues of $142 million, Based on the information provided, preliminary memo to the CEO as requested. by internal auditor
Make a recommendation to yani : Use an annual worth analysis to make a recommendation to Yani. A special savings certificate that will pay $55 each month for 5 years
Find the amount of money the borrower will get : Find the amount of money the borrower will get from this bank account at the end of 6 yearsA loan of $30,000 has to be repaid at the end of 6 years from now
How much is the non-current liabilities : If the company's working capital of $50,000 did not change and the ending shareholders' equity is $500,000, how much is the non-current liabilities?
What is the best way to save money : What is the best way to save your money that will give you the greatest increase in wealth without too much risk and while still retaining some liquidity
How many would each store have to sell year : If the HDTVs are marked down to $650, how many would each store have to sell this year to make the same total gross profit as last year?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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