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Question
Hat's accounting records showed the following:
Inventory, January 1 $35,000
Purchases, January 1 through May 1 200,000
Sales, January 1 through May 1 250,000
Inventory not damaged by flood 30,000
Gross profit percentage on sales 40%
What amount of inventory was lost in the flood?
To live comfortably in retirement, you decide you will need to save $2 million by the time you are 65 (you are 30 years old today). You will start a new retirement savings account today and contribute the same amount of money on every birthday up to ..
Calculate the actual return (also called percentage return) on your investment in (i) ABC, (ii) XYZ and (iii) the portfolio over the last year.
Using the graph below of the supply of loan able funds, SLF, and the demand for loan able funds, DLF, discuss the following: What is meant by the equilibrium rate of interest? Illustrate and discuss how an autonomous increase in the expected rate of..
What are the impacts of reducing the amount of money allocated to the petty cash in running a business?
Tai Credit Corp. wants to earn an effective annual return on its consumer loans of 15.4 percent per year. The bank uses daily compounding on its loans. What interest rate is the bank required by law to report to potential borrowers?
The yield to maturity of a $1,000 bond with a 6.7 % coupon? rate, semiannual? coupons,
An economist has estimated that, at the current price of $1.00per pill, the own price elasticity of demand for the drug is -0.5. Based on this information, what can you do to boost profits explain?
What happens to the return if the investor pays more or less than the amount calculated?
June Stickney purchased an annuity on January 1, 2016, which, at a 12% annual rate, would yield $6,000 each June 30 and December 31 for the next 6 years. What was the cost of the annuity to Stickney?
Treasury bonds paying an 7.00% coupon rate with semiannual payments currently sell at par value. What coupon rate would they have to pay in order to sell at par if they paid their coupons annually?
In order to live my desired life style, I have determined that the value of my retirement portfolio must double. Assuming that there are no further contributions to my portfolio and that , for the foreseeable future, I can earn a 4% annual return on ..
Broussard Skateboard's sales are expected to increase by 15% from $7.8 million in 2016 to $8.97 million in 2017. What would be the additional funds needed?
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