Consider the following information for the percentage of sales approach:
Sales = $3M, NI = $0.4M, Div = $0.1M
Total Asset = $4M
Current Liability $0.2M
Long-term debt = $1M
Equity = $2.8M
If sales increase by 25% (and NI, assets, and CL increase at the same rate), calculate the external financing needed.
0.575
0.400
0.437
0.485
0.521
In: Finance
In: Finance
Which one of the following statements concerning the annual percentage rate (APR) is correct?
The APR considers interest on interest.
The rate of interest you actually pay on a loan is called the APR.
The effective annual rate is lower than the APR when an interest rate is compounded quarterly.
Lenders are not permitted to disclose or advertise the APR of a loan.
The APR equals the effective annual rate when simple interest is applied to a loan.
In: Finance
|
A fire has destroyed a large percentage of the financial records of the Inferno Company. You have the task of piecing together information in order to release a financial report. You have found the return on equity to be 15.3 percent. Sales were $1,760,000, the total debt ratio was .35, and total debt was $653,000. |
|
What is the return on assets (ROA)? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Return on Assets %? |
In: Finance
What percentage less than $680 is $136?
Please explain step by step.
In: Finance
Calculate the expected standard deviation on stock:
| State of the economy | probability of the states | percentage returns |
| Economic recession | 16% | 5% |
| Steady economy | 39% | 9% |
| Boom | Please calculate it | 18% |
Round the answers to two decimal places in percentage form.
In: Finance
Find the annual percentage yield (APY) in the following situation. A bank offers an APR of 4.5% compounded daily.
In: Finance
Calculate the Annual Percentage Yield (APY) on an account that has a stated interest rate of 6.21% . Presume your account you deposit 5,875 a year for the next 42 years. Calculate the value of your portfolio when the interest is compounded yearly, quarterly, monthly, and daily.
In: Finance
Which is the best definition of an annual percentage rate
(APR)?
| A. |
The interest rate expressed in terms of the interest payment made each period. Also, quoted interest rate |
|
| B. |
The interest rate charged per period multiplied by the number of periods per year. |
|
| C. |
An annuity for which the cash flows occur at the beginning of the period. |
|
| D. |
A level stream of cash flows for a fixed period of time. |
|
| E. |
The interest rate expressed as if it were compounded once per year. |
In: Finance
The Centers for Disease Control reported the percentage of people 18 years of age and older who smoke (CDC website, December 14, 2014). Suppose that a study designed to collect new data on smokers and nonsmokers uses a preliminary estimate of the proportion who smoke of .32.
a. How large a sample should be taken to estimate the proportion
of smokers in the population with a margin of error of .02 (rounded
up to the next whole number)? Use 95% confidence.
2090
b. Assume that the study uses your sample size recommendation in
part (a) and finds 520 smokers. What is the point estimate of the
proportion of smokers in the population (to 4 decimals)?
.2488
c. What is the 95% confidence interval for the proportion of smokers in the population (to 4 decimals)?
In: Economics