What periodic deposits to a sinking fund paying quarterly

Assignment Help Financial Accounting
Reference no: EM132990033

Question - A company will need $50,000 in 8 years to cover the start-up costs for the company to open a new store in 8 years. What periodic deposits to a sinking fund paying quarterly interest at a 8% annual rate will achieve that goal?

Reference no: EM132990033

Questions Cloud

Prepare Hanna Lind reconciliation : There is a $36 service charge and $7 ATM charge in addition to notes collected of $135 and $20. Prepare Hanna Lind reconciliation
Idea of unconscious biases or stereotypes : What did u think about the idea of unconscious biases or stereotypes before you took the implicit attitude test(s)?
Calculate invested capital and return on investment : Calculate NOPAT, invested capital, and return on investment for Regency Division and comment on the company's performance
Discuss hazards unique to contract work : Discuss hazards unique to contract work. Explain the importance of management commitment to the effectiveness of a safety and health program.
What periodic deposits to a sinking fund paying quarterly : A company will need $50,000 in 8 years to cover the start-up costs for the company to open a new store in 8 years. What periodic deposits to sinking fund paying
Convincingly persuade : Your argument should convincingly persuade your reader to support or oppose this statement.
What was your realized return : You bought a stock one year ago for $50.04 per share and sold it today for $58.08 per share. What was your realized return
Summary on how controls could be met : How these controls could be met and the impact it would have on the information system if not implemented.
Calculate the earnings correction that harper must show : Calculate the earnings correction that Harper must show in the 20X7 financial statements. Where will these amounts be disclosed

Reviews

Write a Review

Financial Accounting Questions & Answers

  How about the financing and investing cash flow sections

How about the Financing and Investing Cash Flow sections? Are they the exact same regardless of whether the direct or the indirect method is used?

  Find what is the expected return on equity

Repay the debt plus interest, regardless of the state of the economy. What is the expected return on equity? What is the expected return on assets?

  Prepare a statement of retained earnings for year ended dec

Prepare a statement of retained earnings for the year ended December 31, 2016. The company earned a net income of $72,000

  Sonsolidated financial statements in accordance with ifrs

Swisscom AG, the principal provider of telecommunications in switzerland, prepares sonsolidated financial statements in accordance with IFRS. Until 2007, Swisscom also reconciled its net income and stockholders equity to US GAAP. se the information i..

  What should abc report as value of allowance for doubtful

What should ABC report as the value of its allowance for doubtful accounts on March 31, 2021? ABC Corporation closes its fiscal year with an allowance

  What would be the edging strategy

The T-bonds named in the futures contracts have a duration of 9 years, and the futures' current price is $99,700 per $100,000 contract. What the edging strategy

  What total amount of profit should bitwit recognize

For the year ended December 31, 2017, what total amount of profit should BITWIT recognize from the construction equipment sale and financing?

  Prepare an income statement through gross profitat the end

prepare an income statement through gross profit.at the end of truly department stores fiscal year on december 31 2007

  What is best estimate of companys cost of equity capital

The company paid dividends of$.40, $.45, $.52, and $.60 per share in the last four years. If the stock currentlysells for $12, what is your best estimate of the company's cost of equity capital?

  What is cost of common stock for carla vista

4.10 percent per year into the foreseeable future and the current price of Carla Vista's common shares is $14.23, what is cost of common stock for Carla Vista?

  Elaborate on temporal method of translation foreign exchange

Elaborate on the temporal method of translation foreign exchange exposure. Define it and describe how it treats balance sheet, income statement

  What depreciation would June record for the year

June revised the useful life to a total of six years with no residual value. What depreciation would June record for the year 2022 on this equipment

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