Each is worth 4 points. Show or explain your work for partial credit. Draymond wants to take a 2-year training course that costs $5,000 each year. His company promises a $1,000 raise for anyone who takes the course. Draymond currently makes $70,000 and will retire 10 years after completing the training. He will continue to work while he takes the training course. Assume a discount rate of 0.07.

1. What is the Present Value of the cost of taking the course?

2. What is the Present Value of the stream of income after completing the training?

Cherboneau Novelties produces drink coasters (among many other products). During the current year (year 0), the company sold 520,000 units (packages of 6 coasters). In the coming year (year 1), the company expects to sell 540,000 units, and, in year 2, it expects to sell 624,000 units. The target ending finished goods inventory for each month is equal to the next month's sales. However, because of production issues, the ending inventory in the current year is expected to be only 12,000 units.

Each unit requires 0.5 pounds of cork. At the end of the current year, management expects to have 18,750 pounds of cork in inventory. Management has set a target to have cork on hand equal to one-half of next month’s sales requirements. Sales and production take place evenly throughout the year.

Required:

a. Compute the total targeted production of the finished coaster for the coming year.

b. Compute the required amount of cork to be purchased for the coming year.

Waylander Coatings Company purchased waterproofing equipment on January 6 for $320,000. The equipment was expected to have a useful life of four years, or 20,000 operating hours, and a residual value of $35,000. The equipment was used for 7,200 hours during Year 1, 6,400 hours in Year 2, 4,400 hours in Year 3, and 2,000 hours in Year 4.

Required:

1. Determine the amount of depreciation expense for the years ended December 31, Year 1, Year 2, Year 3, and Year 4, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method.

2. What method yields the highest depreciation expense for Year 1?

3. What method yields the most depreciation over the four-year life of the equipment?

Python 3.7.4:

The current calendar, called the Gregorian calendar, was introduced in 1582. Every year divisible by four was created to be a leap year, with the exception of the years ending in 00 (that is, those divisible by 100) and not divisible by 400. For ­instance, the years 1600 and 2000 are leap years, but 1700, 1800, and 1900 are not. Write a program that requests a year as input and states whether it is a leap year. We need to run this as many times as the user wants to check for leap years.

Below was marked incorrect for me. I need to put it in a while loop. Also, I'm curious if there is a way to do it without def? Do we have to call main? Sorry for all of the newbie questions. Thank you!

----------------------

def leap(year):
    if(year % 400 == 0):
        return True
    elif year % 100 == 0:
        return False
    elif year%4 == 0:
        return True
    else:
        return False
def main():
    year = int(input("Enter year: "))
    if(leap(year)):
        print(year,"is a leap year")
    else:
        print(year, "is not a leap year")
main()

Assume annual compounding. Given only yields on one-, two-, and three-year zero-coupon government bonds, which of the following interest rates cannot be computed? Assume all loans are risk-free. Group of answer choices

The rate on a one-year loan that begins at the end of Year 1

The rate on a two-year loan that begins at the end of Year 2

The rate on a two-year loan that begins at the end of Year 1

The rate on a one-year loan that starts at the end of Year 2

Consider a $5,000,000, 9%, CPM with monthly payments. What is the regular monthly payment and the balloon payment amounts in each of the following cases:

(a) Fully-amortizing, 30-year loan

(b) 30-year amortization, 10-year balloon

(c) 15-year amortization, 10-year balloon

(d) What is the major disadvantage, and advantage, of the 15-year amortization-rate 10-year loan in (c) as compared to the 30-year amortization-rate 10-year loan in (b)?

Please answer only if sure.

Patterson Corp. is considering the purchase of a new piece of equipment, which would have an initial cost of $528,000, a 7-year life, and $150,000 salvage value. The increase in net income each year of the equipment's life would be as follows:

What is the payback period?

Multiple Choice

• 5.92 years

• 6.13 years

• 3.77 years

• 3.50 years

Accounts Receivable Turnover and Days' Sales in Receivables

Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years:

Assume that accounts receivable were $350,400 at the beginning of Year 1.

a. Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place.

b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.

c. c. The change in accounts receivable turnover from year 1 to year 2 indicates a(n) --------------- in the efficiency of collecting accounts receivable and is a(n) ---------- change. The change in the days' sales in receivables indicates a(n) ------------------- change.​