ANNUALLY= (1+.12/2)^2-1=12.36% QUARTERLY= (1+.12/4)^4-1=12.55% MONTHLY= (1+.12/12)^12-1=12.68% DAILY= (1+.12/365)^365-1=12.75% 5. Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted) interest rate of 11.33463%‚ with interest added (compounded) daily. How much will you have in your account on October 1‚ or 9 months later? OCT 1ST= 100*(1+.1133463/365) ^ (365*.75) = $108.87 6. What would be the value of the bond described above if‚ just after it had been issued‚ the
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hasty generalization by basing his knowledge that everyone would love human flesh on an incident on the island of Formosa (Swift 365). Swift learned through a native of Formosa that when a child was put to death‚ his body was sold as a "Prime dainty" (Swift 365-6). He said how even the prime minister of the state had bought a girl put to death because of treason (Swift 365-6). So he deducts that since they like it then the whole world will. Swift built the
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Adrian Bryant March 15‚ 2012 Investments Dr. Wokukwu Deere & Company Deere & Company ’s is an agricultural based company located in Moline‚ Illinois. It also operates under the name John Deere. Deere & Company ’s Standard Industry Code (SIC) is 3523‚Farm Machinery and Equipment. Deere & Company ’s Industry Average is -1.69. According to Deere & Company‚ the company maintains a strong financial condition. The company stated that powerful global economic trends are lending support to its current
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collected into 60 days. Accounts payable are paid approximately 30 days after they arise. The firm has annual sales of about RM30million. Assume there is no difference in the investment per ringgit of sales in inventory‚ receivable‚ and payables; and a 365-day year. a. Calculate the firm’s operating cycle. b. Calculate the firm’s cash conversion cycle. c. Calculate the amount or resources needed to support the firm’s cash conversion cycle. d. Discuss how management might be able to reduce the cash conversion
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suppliers Calculating three ratios will reveal the average length of these cycles: 1. Inventory days = 365 / (Cost of goods sold / Inventories) 2. Accounts receivable period (average collection period) = Accounts receivable / (Net sales / 365) 3. Average payment period = Accounts payable / (Cost of goods sold / 365) The operating cycle is the inventory conversion period plus the average
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Abstract After reading this paper you will be able to: Know about Air Canada briefly. Account for the initial valuation of capital assets‚ costs subsequent to acquisition‚ and the deposals of capital assets with reference to Air Canada. Define cash and accounts receivables and explain the recognition and valuation of receivables. Identify and compare depreciation methods. Table of Content Introduction Task 1: Internal Control and Cash Task 2: Receivables Task 3: Noncurrent Assets Task
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to a common explanation that the Civil War was fought over the moral issue of slavery. "The nation’s rapid westward push set off a prolonged debate over the extension of the South’s slave system into newly acquired territories." (Global Americans‚ 365).
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daily compounding. What are the CD’s effective annual rate and its value at maturity one year from now if $50‚000 is invested. (Assume a 365-day year) FV = PV x (1+i/m)n x m APY = 10.5156% Annual Interest (1 + .10/365)365 Annual Interest (1 + .1051557805114358) Annual Interest = 1.1051557805114358 FV = 50‚000 x (1+10%/365)1 x 365 FV = 50‚000 x (1 + .0002739726) 365 FV = 50‚000 x (1. 1051557805114358) FV = $55‚257.78903 FV = $55‚257.79 at maturity after a year compounded daily e. What stated
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is 6% (EAR)? Timeline: |0 |7 |14 | | | |42 | | | | | | | | | |0 |1... [continues] 5-4) 10% APR compounded monthly‚ 10% APR compounded annually‚ and 9% APR compounded daily. Compute the EAR for each investment choice. (Assume there are 365 days in the year.) 1. 10% APR rate
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Chapter 3 Exercise / Problems: #1 p. 113 1. [Business Organization and Intellectual Property] Phil Young‚ founder of the Pedal Pushers Company‚ has developed several prototypes of a pedal replacement for children’s bicycles. The Pedal Pusher will replace existing bicycle pedals with an easy-release stirrup to help smaller children hold their feet on the pedals. The Pedal Pusher will glow in the dark and will provide a musical sound as the bicycle is pedaled. Phil plans to purchase materials for
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