Julie currently has on hand $30,000 that will be deposited in a savings account until it accumulates to $50,000. How long will it take Julie to accumulate the $50,000, assuming 7% compounding on an annual basis? Please show work.
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Business Organizations – Georgio’s Fashions is a business established in Little Rock, Arkansas. In each of the following situations, determine whether Georgio’s is a sole proprietorship, a general partnership, a limited partnership, a limited liabili..
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Panel del Sol Inc. (PdS) is a recently incorporated manufacturer of octagonal solar panels. The company has yet to reach profitability due to both the unsightly appearance of its solar panels and the ability of its Chilean competitors to produce an i..
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You plan to buy a new car. The price is $30,000 and you will make a down payment of $4,000. Your annual interest rate is 10% and you intend to pay for the car over five years. What will be your monthly payment?
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Peir Inc. is considering a project that contributes $10,000 at the end of the first year and $5000 at the end of the second year? The initial cost of the project is $8,000. What is the net present value of the project at a 10% discount rate?
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The December 31, 2013, balance sheet of Schism, Inc., showed $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed $163,000 and $3,080,000 in the same two accounts, ..
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How much do you need to invest into an account today with 7% monthly compounded interest in order to have $500,000 fifteen years from now? You are the owner of the New Orleans Saints. Let's say you take out a loan for $250 million to build new luxury..
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Genetic insights co. Purchases an asset for $12752. This qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respecti..
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BetterPie Industries has 8 million shares of common stock outstanding, 6 million shares of preferred stock outstanding, and 25,000 bonds. Assume the common shares are selling for $47 per share, the preferred shares are selling for $24.50 per share, a..
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A group of private investors borrowed $30 million to build 300 new luxury apartments near a large university. the money was borrowed at 6% annual interest, and the loan is to be repaid in equal annual amounts( principal and interest) over a 40-year p..
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Explain Crummey Powers and how they are used. What is the benefit of such an arrangement? Give some examples.
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Large cap stocks had the nominal rates of return of 11.98%. The rate of inflation during the last year was 2.57 percent. What is the real rate of return for large cap stocks.
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