What should be the required initial investment

Assignment Help Accounting Basics
Reference no: EM131828870

Question - Fishbone Corporation wants to withdraw $129,800 (including principal) from an investment fund at the end of each year for 12 years. What should be the required initial investment at the beginning of the first year if the fund earns 12%?

Reference no: EM131828870

Questions Cloud

Explain relationship between twisted pair wire and crosstalk : Which type of noise is the most difficult to remove from a digital signal? Why? Explain the relationship between twisted pair wires and crosstalk.
Top-notch salesperson : Cliff Jamison sells business forms and he's regarded as a top-notch salesperson. He works hard, plans ahead, and exhibits self-confidence
Hercules shelving for a storage warehouse : One of your customers, Margaret Port, has referred you to a friend who needs your Hercules Shelving for a storage warehouse
School wishing to hire salespeople : What are some objections that such a company might have toward hiring you? How would you overcome them during a job interview?
What should be the required initial investment : What should be the required initial investment at the beginning of the first year if the fund earns 12%
How would you overcome those objections : Now, as that salesperson, how would you overcome those objections?
Examples of various types of objections : List three objections a buyer might give you. See examples of various types of objections on pages 376-384. Make certain you use objections
How much should fishbone record as the cost of the machine : Assuming that a prevailing interest rate of 10% applies to this contract, how much should Fishbone record as the cost of the machine
Which one of the following steps would you take : 1. Which one of the following steps would you take? Why? a. Call back in three months to get the order as suggested.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The board of directors of the birch corporation

The board of directors of the Birch Corporation declared a cash dividend on January 18, 2013 to be paid on February 18, 2013 to shareholders holding stock on February 2, 2013 Given these facts, February 2, 2013 is the

  What was the july cash balance reported on bank statement

Brockton Carpet Cleaning prepares a bank reconciliation at the end of every month. What was the July cash balance reported on the bank statement

  Motors is preparing a sales budget for the current year for

motors is preparing a sales budget for the current year for the service department that based on last years actual

  Minden company introduced a new product last year for which

minden company introduced a new product last year for which it is trying to find an optimal selling price. marketing

  Determine the total estimated uncollectibles

Determine the total estimated uncollectibles, Credit account titles are automatically indented when amount is entered

  Sisk company has owned 10 percent of maust inc for the past

sisk company has owned 10 percent of maust inc. for the past several years. this ownership did not allow sisk to have

  Lloyd and ellis admit magean to their partnership

Lloyd and Ellis admit Magean to their partnership, with Magean paying $ 38,000 more than the book value of her equity in the new business

  Calculate the cost per unit using absorption costing

Units in beginning Inventory - Units Produced -- $12,000. Calculate the cost per unit, using absorption costing a variable costing

  Preparation and use of a company budget

What are some ethical concerns in the preparation and use of a company budget?

  How has the required skill set evolved especially since sox

How has the required "skill set" evolved, especially since SOX? Be sure to provide specific examples in your answer

  Prepare a statement of cash flows for 2013 using the

complete the following exercise. submit journal entries in an excel file and written segments in an ms word document.

  You are currently thinking regarding investing in stock

you are currently thinking about investing in a stock valued at 25.00 per share. the stock recently paid a dividend of

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