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Question1 : Lumumba needs to have Sh.1, 500,000 at the end of 5 years in order to fulfill his goal of purchasing a sports car. He is willing to invest the amount as a lump sum today but wonders what type of investment return he will need to earn. Figure out the annual compound rate of return needed in each of the following cases.
a. Lumumba can invest Sh.1
b. , 020,000 today.
c. Lumumba can invest Sh.815,000 today
d. Lumumba can invest Sh.715,000 today
Assume the following information for the month of August. June sales = $40,000; July sales = $65,000; August sales = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the seco..
Chahta Enterprises makes watches. Each watch requires materials worth $12.00 and 2 direct labor hours. The supervisor is paid $700.00 per week. The hourly rate is $10.00 for workers. If 25 watches are made per week, compute the fixed costs per watch.
How much is Landline's gross profit if they use (a) the Gross method? (b) the Net method and Landline Corporation is a public company with a calendar year-end. Landline provides a wide variety of telecommunications services to a number of different..
A company was recently formed with $50,000 cash contributed to the company by stock-holders. What is the amount of total assets to be reported
Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000; operating expenses of $10,115,000; cost of goods sold of $35,025,000; and interest expense of $750,000. What is the amount of the firm’s gross profit?
If customers attempt to sell more shares of a stock or spend more money than they have in their account, what would be best control method to prevent this problem?
You are able reinvest these cash flows at 12.00 percent, compounded annually. How much is this investment worth at the end of year four?
Audit Procedures for fraud detection in the revenue process. Assume that you have been assigned to the audit of Itakian Home Stores., which sells Italian furniture and home furnishings in two retail shops and on a website for online sales. Describe t..
Morton Company’s variable manufacturing overhead should be $4.50 per standard direct labor-hour and fixed manufacturing should be $270,000 per year. The company manufactures a single product that requires two direct labor-hours to complete. Determin..
a. If Sarah can earn 8 percent annually for the next 25 ?years, the amount of money she will have to invest today is ?$_________?
What's the significance of recognizing the time value of money in the long term impact of the capital budgeting decision?
What would be the effect on the company's debt to equity ratio, and what would be the effect on the percentage ownership of the company by other stockholders?
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