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
In: Statistics and Probability
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 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 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 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 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 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 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) 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