You are searching the internet for investment opportunities and identify a 15-year annuity. The annuity will cost $42,000 today in exchange for 5.5 percent annual payments. What will the annual cash flow be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Multiple Choice $4,870.54 $4,466.82 $4,184.28 $4,811.74 $3,984.16
In: Finance
Interest is compounded annually unless stated otherwise. Payments are at the end of the year unless stated otherwise. All bonds have a face value of $1000. Taxes are 0 unless specified otherwise.
In: Finance
If the present value of an ordinary, 7-year annuity is $9,600 and interest rates are 9.0 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)
In: Finance
What is the yield to maturity of a eight-year, $5,000 bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $4,615?
A.5.71%
B.8%
C.6.85%
D.2.86%
A $47,000 loan is taken out on a boat with the terms 3% APR for 36 months. How much are the monthly payments on this loan?
A.$1,640.18
B.$1,366.82
C.$1,776.86
D. $1,503.50
A pottery factory purchases a continuous belt conveyor kiln for $46,000. A 9% APR loan with monthly payments is taken out to purchase the kiln. If the monthly payments are $482.51, over what term is this loan being paid?
A.12years
B.15years
C.14years
D.13
years
In: Finance
In: Finance
Pearl Corp. is expected to have an EBIT of $2,500,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $160,000, $110,000, and $150,000, respectively. All are expected to grow at 15 percent per year for four years. The company currently has $13,000,000 in debt and 850,000 shares outstanding. At Year 5, you believe that the company's sales will be $17,930,000 and the appropriate price-sales ratio is 2.7. The company’s WACC is 9.1 percent and the tax rate is 22 percent.
What is the price per share of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
In: Finance
The following information for the past year is available from
Thinnews Co., a company that uses machine hours to apply factory
overhead:
| Actual total factory overhead cost | $24,000 |
| Actual fixed overhead cost | $10,000 |
| Budgeted fixed overhead cost | $11,000 |
| Actual machine hours | 5,000 |
| Standard machine hours for the units manufactured | 4,800 |
| Denominator volume—machine hours | 5,500 |
| Standard variable overhead rate per machine hour | $3 |
1.The total actual variable factory overhead cost incurred
during the year was:
2.The standard fixed overhead application rate is:
3. The variable factory overhead efficiency variance is:
4. The variable overhead spending variance is:
5. Under a three-variance breakdown (decomposition) of the total factory overhead variance, the total factory overhead spending variance is:
6. Under a two-variance breakdown (decomposition) of the total factory overhead variance, the total flexible-budget variance is:
In: Accounting
The parents of a 4-year-old boy explain to the clinic nurse that for weeks the child has been irritable and listless and even though he has developed a poor appetite, has gained weight. What signs and symptoms should the nurse look for, and what condition should the nurse suspect? What nursing interventions and parent education are appropriate?
In: Biology
A nutritionist claims that the mean tuna consumption by a person is 3.4 pounds per year. A sample of 80 people shows that the mean tuna consumption by a person is 3.3 pounds per year. Assume the population standard deviation is1.14 pounds. At alphaαequals 0.07,can you reject the claim?
1) identify the null hypothesis and alternative hypothesis __________
2) Identify the standardized test statistic.(round to two decimal places)
z= _____
3) find the P value
p=_____
4) decide whether to reject or fail to reject the null hypothesis. Is their sufficient evidence?
In: Statistics and Probability
Assume that 17.00 % is the appropriate rate for the following cash flow stream.
|
Year |
Cash Flow ($) |
|
1 |
3,000 |
|
2-11 |
4,000 |
|
12-25 |
6,000 |
|
26-40 |
10,000 |
1. What is the Present Value of the cash flows?
2. What is the Future Value of the cash flows?
Round your answer to the nearest dollar and do NOT enter a dollar sign.
In: Finance