Questions
By the end of this year you would be 35 years old and you want to...
By the end of this year you would be 35 years old and you want to plan for your retirement. You wish to retire at the age of 65 and you expect to live 20 years after retirement. Upon retirement you wish to have an annual sum of $50,000 to supplement your social security benefits. Therefore, you opened now your retirement account with 7% annual interest rate. At retirement you liquidate your account and use the funds to buy an investment grade bond which makes $50,000 annual coupon payments based on a 6 % coupon rate, throughout your retirement years.
How much will the face value of the bond that you will be investing?
Please calculate the monthly payment in your retirement account in order to be able to achieve the plan mentioned above?
How much will your inheritors receive?
In: Finance
Suppose you receive $100 at the end of each year for the nextthree years.What...
Suppose you receive $100 at the end of each year for the next three years.
What is the future value in three years at 8% interest?
In: Finance
The sales of a company in million dollars) for each year are shown in the table below.
Problem 3: The sales of a company in million dollars) for each year are shown in the table below.
| x (year) | 2005 | 2006 | 2007 | 2008 | 2009 |
|---|---|---|---|---|---|
| y (sales) | 12 | 19 | 29 | 37 | 45 |
a) Find the least square regression line y -ax+b.
b) Use the least squares regression line as a model to estimate the sales of the company in 2012.
In: Math
The E.N.D. partnership has the following capital balances as of the end of the current year....
The E.N.D. partnership has the following capital balances as of the end of the current year.
Pineda $ 140,000
Adams 120,000
Fergie 110.000
Gomez 100.000
Total capital $470,000
Answer each of the following independent questions:
a. Assume that the partners share profits and losses 3.3.2.2, respectively. Fergie retires and is paid $140,000 based on the terms of the original partnership agreement. If the goodwill method is used, what is the capital balance of the remaining three partners?
b. Assume that the partners share profits and losses 4.3:2:1, respectively Pineda retires and is paid $340,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of the remaining three partners? (Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts.)
Capital Balance
Pineda
Adams
Gomez
Adams
Fergie
Gomez
In: Accounting
1. The dean of a school of business is forecasting total student enrollment for this year...
| YEAR | TOTAL ENROLLMENT |
|---|---|
| y | |
| 2015 | 2,000 |
| 2016 | 2,200 |
| 2017 | 2,800 |
| 2018 | 3,000 |
In: Other
Using exponential smoothing with α of 0.1 and the given forecast for year 1
As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years:
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Heart Transplants | 46.0 | 48.0 | 55.0 | 57.0 | 57.0 |
The director of medical services predicted 6 years ago that demand in year 1 would be 42.0 surgeries
a) Using exponential smoothing with α of 0.1 and the given forecast for year 1, the forecasts for years 2 through 6 are (round your responses to one decimal place):
| Year | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Forecast | 42.0 |
For the forecast made using exponential smoothing with α = 0.90 and the given forecast for year 1. MAD = _______ surgeries (round your response to one decimal place)
b) Forecasts for years 4 through 6 using a 3-year moving average are (round your responses to one decimal place):
| Year | 4 | 5 | 6 |
|---|---|---|---|
| Forecast |
For forecasts made using a 3-year moving average, MAD = _______ surgeries (round your response to one decimal place)
In: Finance
At the end of the year, Mercy Cosmetics balance of Allowance for Uncollectible Accounts is $490
Brief Exercise 5-6 Record the adjusting for uncollectible accounts (L05-5)
At the end of the year, Mercy Cosmetics balance of Allowance for Uncollectible Accounts is $490 (credid before adjustment. The balance of Accounts Receivable is $19,500. The company estimates that 10% of accounts will not be collected over the next year.
What adjustment would Mercy Cosmetics record for Allowance for Uncollectible Accounts? (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
In: Accounting
At the end of the year, Breyer Associates had a credit balance in its allowance for...
At the end of the year, Breyer Associates had a credit balance in its allowance for uncollectible accounts of $12,000 before adjustment. The balance in Breyer's gross accounts receivable is $600,000. Breyer's management estimates that 10% of its accounts receivable balance will not be collected.
What journal entry should Breyer record to adjust its allowance for uncollectible accounts? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
In: Accounting
Closing Entries On July 31, the close of the fiscal year, the balances of the accounts...
Closing Entries
On July 31, the close of the fiscal year, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture wholesaler, are as follows:
| Accumulated Depreciation—Building | $365,000 | Inventory | $115,000 | |
| Administrative Expenses | 440,000 | Notes Payable | 100,000 | |
| Building | 810,000 | Retained Earnings | 455,000 | |
| Cash | 78,000 | Sales | 1,437,000 | |
| Common Stock | 75,000 | Sales Tax Payable | 4,500 | |
| Cost of Goods Sold | 775,000 | Selling Expenses | 160,000 | |
| Dividends | 15,000 | Store Supplies | 16,000 | |
| Interest Expense | 6,000 | Store Supplies Expense | 21,500 |
Prepare the July 31, 2018, closing entries for Serbian Interiors Company in the order as presented in the chapter.
In: Accounting
A bond quotes a rate of return of 9% and will pay $1,000 in one year...
A bond quotes a rate of return of 9% and will pay $1,000 in one year with a probability of 69% and $0 with a probability of 31%.
What is the time premium?
What is the default premium?
In: Finance