Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.
a. $200 per year for 16 years at 16%.
b. $100 per year for 8 years at 8%.
c. $700 per year for 8 years at 0%.
d. Rework previous parts assuming they are annuities due.
Present value of $200 per year for 16 years at 16%: $
Present value of $100 per year for 8 years at 8%: $
Present value of $700 per year for 8 years at 0%: $
In: Finance
Dividends Per Share Windborn Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends: Year 1 $120,000 Year 2 30,000 Year 3 180,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'. Year 1 Year 2 Year 3 Preferred stock (Dividends per share) $ $ $ Common stock (Dividends per share) $ $ $
In: Accounting
Value of a mixed stream For the mixed stream of cash flows shown in the following table, LOADING..., determine the future value at the end of the final year if deposits are made into an account paying annual interest of 13%, assuming that no withdrawals are made during the period and that the deposits are made:
1 30,300
2 25,250
3 20,200
4 10,100
5 5,050
a. At the end of each year.
b. At the beginning of each year.
a. The future value at the end of the final year if deposits are made at the end of each year is $
b. The future value at the end of the final year if deposits are made at the beginning of each year is $
In: Finance
Dividends Per Share
Oceanic Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends:
| Year 1 | $56,300 |
| Year 2 | 15,000 |
| Year 3 | 112,500 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
| Preferred Stock (dividends per share) |
Common Stock (dividends per share) |
|
| Year 1 | $ | $ |
| Year 2 | $ | $ |
| Year 3 | $ | $ |
In: Accounting
Dividends Per Share
Windborn Company has 30,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $20 par common stock. The following amounts were distributed as dividends:
| Year 1 | $67,500 |
| Year 2 | 36,000 |
| Year 3 | 135,000 |
Determine the dividends per share for preferred and common stockfor each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
| Preferred Stock (dividends per share) |
Common Stock (dividends per share) |
|
| Year 1 | $ | $ |
| Year 2 | $ | $ |
| Year 3 | $ | $ |
In: Accounting
Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.
a. $200 per year for 14 years at 8%.
b. $100 per year for 7 years at 4%.
c. $700 per year for 7 years at 0%.
d. Rework previous parts assuming they are annuities due.
-Present value of $200 per year for 14 years at 8%: $
-Present value of $100 per year for 7 years at 4%: $
-Present value of $700 per year for 7 years at 0%: $
In: Finance
The following table shows the forecasted operating results for Halong Cruises, Inc., from the purchase of a new luxury yacht. The company has a cost of capital of 12%.
| Year ($ million) | ||||||||||||||||||||
| 0 | 1 | 2 | 3 | 4 | ||||||||||||||||
| Investment | –$ | 345 | ||||||||||||||||||
| Operating cash flow | $ | 177 | $ | 225 | $ | 240 | $ | 255 | ||||||||||||
| Working capital | $ | 78 | $ | 93 | $ | 98 | $ | 83 | $ | 0 | ||||||||||
| Salvage cash flow | $ | 70 | ||||||||||||||||||
a. What are the cash flows in each year of operations?
Year 0:
Year 1:
Year 2:
Year 3:
Year 4:
b. What is the net present value of the new yacht?
In: Finance
Dividends Per Share
Windborn Company has 20,000 shares of cumulative preferred 2% stock, $150 par and 50,000 shares of $15 par common stock. The following amounts were distributed as dividends:
| Year 1 | $150,000 |
| Year 2 | 30,000 |
| Year 3 | 180,000 |
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
| Preferred Stock (dividends per share) |
Common Stock (dividends per share) |
|
| Year 1 | $ | $ |
| Year 2 | $ | $ |
| Year 3 | $ | $ |
In: Accounting
The following information relates to a company’s accounts receivable: accounts receivable balance at the beginning of the year, $410,000; allowance for uncollectible accounts at the beginning of the year, $30,000 (credit balance); credit sales during the year, $1,500,000; accounts receivable written off during the year, $21,000; cash collections from customers, $1,400,000. Assuming the company estimates that future bad debts will equal 8% of the year-end balance in accounts receivable. 1. Calculate the year-end balance in the allowance for uncollectible accounts. 2. Calculate bad debt expense for the year.
1. Ending balance_____________________
2. Bad Debt balance___________________
In: Accounting
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Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent.
|
In: Finance