Questions
A. A $10,000 certificate of deposit earns simple interest of 8 percent per year. Calculate the...

A. A $10,000 certificate of deposit earns simple interest of 8 percent per year. Calculate the total earned money over the 5 year period?
B. A sum of $22,000 is invested in a savings account which pays interest at the rate of 7 percent per year compounded quarterly. If the amount is kept on deposit for 10 years, what will the compound amount equal? How much interest will be earned during the 10 Years. Also calculate the effective interest rate.
C. A Company wants to deposit $1,000,000 per year in an investment which earns interest of 10 percent per year. Assume the first deposit is made at the end of the current year and addidtional deposits at the end of each following year.
a) To what sum will the investment grow at the time of the 10th deposit?
b) How much interest will be earned.
D. A person wants to generate eight intallments of $1,000 in the following four years. How much money should be invested, if the interest rate is 10 percent per year.

In: Finance

Sociologists argued that women on average earn less than men as women often choose to work...

Sociologists argued that women on average earn less than men as women often choose to work less hours. They further suggest that the choice of hours worked may be driven by various factors such as age, childcare needs, occupation choice and flexibility. To investigate the relation between hours worked and income earned by Australian men and women, a researcher plans to survey a sample of individuals across the country. Briefly explain (using no more than 250 words in total for this question)
a) What type of survey method the researcher could use and why?
b) What sampling method could the researcher use to select his/her sample and why?
c) What are the two main variables the researcher should consider collecting data for the purpose of the above analysis and why? Identify the data type(s) for the variables.
d) What kind of issues the researcher may face in this data collection?
Suppose a researcher has collected data from a sample of 65 individuals using the sampling method you have proposed in (b). For each individual, the hours worked per week and yearly income (measured in ‘000’s dollars) were recorded. The data are stored in file HOURSWORKED.xls.

In: Statistics and Probability

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 120 units @ $51.40 per unit
Mar. 5 Purchase 235 units @ $56.40 per unit
Mar. 9 Sales 280 units @ $86.40 per unit
Mar. 18 Purchase 95 units @ $61.40 per unit
Mar. 25 Purchase 170 units @ $63.40 per unit
Mar. 29 Sales 150 units @ $96.40 per unit
Totals 620 units 430 units

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 75 units from beginning inventory and 205 units from the March 5 purchase; the March 29 sale consisted of 55 units from the March 18 purchase and 95 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

In: Accounting

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 160 units @ $52.20 per unit
Mar. 5 Purchase 255 units @ $57.20 per unit
Mar. 9 Sales 320 units @ $87.20 per unit
Mar. 18 Purchase 115 units @ $62.20 per unit
Mar. 25 Purchase 210 units @ $64.20 per unit
Mar. 29 Sales 190 units @ $97.20 per unit
Totals 740 units 510 units

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 95 units from beginning inventory and 225 units from the March 5 purchase; the March 29 sale consisted of 75 units from the March 18 purchase and 115 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

In: Accounting

Required information [The following information applies to the questions displayed below.]    Warnerwoods Company uses a...

Required information

[The following information applies to the questions displayed below.]
  

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
  

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 100 units @ $50.00 per unit
Mar. 5 Purchase 400 units @ $55.00 per unit
Mar. 9 Sales 420 units @ $85.00 per unit
Mar. 18 Purchase 120 units @ $60.00 per unit
Mar. 25 Purchase 200 units @ $62.00 per unit
Mar. 29 Sales 160 units @ $95.00 per unit
Totals 820 units 580 units

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. (Round weighted average cost per unit to two decimals.)
  

In: Accounting

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions...

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 130 units @ $65 per unit
Mar. 5 Purchase 430 units @ $70 per unit
Mar. 9 Sales 450 units @ $100 per unit
Mar. 18 Purchase 180 units @ $75 per unit
Mar. 25 Purchase 260 units @ $77 per unit
Mar. 29 Sales 220 units @ $110 per unit
Totals 1,000 units 670 units

For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.)

In: Accounting

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 240 units @ $53.80 per unit
Mar. 5 Purchase 295 units @ $58.80 per unit
Mar. 9 Sales 400 units @ $88.80 per unit
Mar. 18 Purchase 155 units @ $63.80 per unit
Mar. 25 Purchase 290 units @ $65.80 per unit
Mar. 29 Sales 270 units @ $98.80 per unit
Totals 980 units 670 units

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 135 units from beginning inventory and 265 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 155 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

In: Accounting

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 200 units @ $53.00 per unit
Mar. 5 Purchase 275 units @ $58.00 per unit
Mar. 9 Sales 360 units @ $88.00 per unit
Mar. 18 Purchase 135 units @ $63.00 per unit
Mar. 25 Purchase 250 units @ $65.00 per unit
Mar. 29 Sales 230 units @ $98.00 per unit
Totals 860 units 590 units

4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 115 units from beginning inventory and 245 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 135 units from the March 25 purchase. (Round weighted average cost per unit to two decimals and final answers to nearest whole dollar.)

In: Accounting

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions...


Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.  

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 195 units @ $85 per unit
Mar. 5 Purchase 495 units @ $90 per unit
Mar. 9 Sales 515 units @ $120 per unit
Mar. 18 Purchase 310 units @ $95 per unit
Mar. 25 Purchase 390 units @ $97 per unit
Mar. 29 Sales 350 units @ $130 per unit
Totals 1,390 units 865 units

For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 455 units from the March 5 purchase; the March 29 sale consisted of 135 units from the March 18 purchase and 215 units from the March 25 purchase.

4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.)

In: Accounting

preparing for your (future) child (or grandchild)’s college education. 20 years later from now, your (future)...

preparing for your (future) child (or grandchild)’s college education. 20 years later from now, your (future) child will go to college. Currently, you’re considering two colleges for your (future) child (or grandchild).

University 1

University 2

Princeton University

University of Notre Dame

1.       Please visit the website of each university and find tuition and related information. Use out-of-state tuition information. Make sure that you include accurate information and citation source (20 points).

2.       Using the tuition and related information in (1), you need to compound it at a reasonable "inflation" rate for education-related expenses for x number of years. I hope most of you are aware that educational inflation has been much higher than overall inflation in the economy, (You can find ‘tuition inflation’ statistics from the internet. Use google.com and search for tuition inflation or education inflation)

3.       After you calculate this projected cost, your next job is to find the annual deposit needed to accomplish the goal - meeting the educational expenses. You must assume the investment rate of return (You can use ‘savings account rate as your investment rate of return, for example). Recall the equations or time value of the money table we went over in class. You will choose the one that will give you the amount of the annual deposit

4.       What if you have $10,000 right now? How does this new information affect the previous answer in (3)? What’s new annual deposit amount you should make?

5.       Let’s assume that you just won the lottery. Rather than making equal annual payments, you decided to make one lump-sum deposit today to cover your child’s future college expense needs. There will be no additional deposit. How much should you make one lump-sum deposit today to accumulate projected college education expense you need in 20 years?

In: Finance