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Grouper Excavating Inc. is purchasing a bulldozer. The equipment has a price of $95,300. The manufacturer has offered a payment plan that would allow Grouper to make 7 equal annual payments of $18,935.22, with the first payment due one year after the purchase
A. How much total interest will Grouper pay on this payment plan?
B. Grouper could borrow $95,300 from its bank to finance the purchase at an annual rate of 8%. Should Grouper borrow from the bank or use the manufacturer’s payment plan to pay for the equipment? Borrow From The Bank.
What is the Manufacturers rate ?
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $102.803 million Total Common Stock of $5.080 million Cash of $8.040 million Retained Earnings of $36.534 million. What were the Digby Corporation's total asse..
Anne sold her home for $290,000 in 2015. Selling expenses were $17,400. She purchased it in 2009 for $200,000. During the period of ownership, Anne had done the following: Deducted $50,500 office-in-home expenses, which included $4,500 in depreciatio..
The inflation rate in the U.S. is 4%, while the inflation rate in Japan is 1.5%. The current exchange rate for the Japanese yen (¥) is $0.0080. After supply and demand for the Japanese yen has adjusted according to purchasing power parity, the new ex..
A 4.50 percent coupon bond with 16 years left to maturity is offered for sale at $933.51. What yield to maturity is the bond offering?
A company is considering shortening its credit period from 30 days to 20 days and believes as a result of its change, its average collection period will decrease from 36 days to 30 days. Bad debt expenses are also expected to decrease from 1.2 percen..
Suppose the output of the CD player is 25 mW and the desired audible output is 100 W per stereo channel, find the power ratio of the amplifier per channel in decibels (dB), where the power ratio in dB is
Describe short-term cash planning and how the cash budget is put together. Why does the firm needs to have this information? How does the financial manager cope with fluctuations in the cash budget?
Describe some of the difficulties and ethical issues in using seasonal indexes to seasonalize and deseasonalize data. What should be done to minimize difficulties and avoid misleading conclusions
The future value of an annuity is typically used when analyzing
Company Z’s earnings and dividends per share are expected to grow indefinitely by 5% a year. If next year’s dividend is $10 and the market capitalization rate is 8%, what is the current stock price? Assume next year’s dividend is $10, the market cap..
Assume that interest rate parity holds. In both the spot market and the 90-day forward market, 1 Japanese yen = 0.013 dollar. And 90-day risk-free securities yield 2.4% in Japan. What is the yield on 90-day risk-free securities in the United States?
Robert would like his wife to receive a pure endowment of $100,000 when she retires at 55, 15 years from now. How much must he deposit annually if the money is worth 5%?
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