Question 1 When you retire 40 years from now‚ you want to have $1.2 million. You think you can earn an average of 12 percent on your investment. To meet your goal‚ you are trying to decide whether to deposit lump sum today‚ or to wait and deposit a lump sum 2 years from today. How much more will you have to deposit as a lump sum if you wait for 2 years before making the deposit? A)$1414.14 B)$2319.47 C)$2891.11 D)$3280.78 E)$3406.78 Question 2 Samantha opened a savings account this morning
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distance learning and conduct online examination at anywhere in the world. Online examinations have become a cost-effective and popular means of assessing student knowledge. An online question bank and examination system is a relatively new and rapidly expanding system. Most of the present systems were designed to grade students based on how well they have done on their examination. These systems were designed with the concept of traditional paper-based examination in mind. (2011‚ 02). Online Exam
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CHAPTER 6: MASTER BUDGET AND RESPONSIBILITY ACCOUNTING TRUE/FALSE 1. Few businesses plan to fail‚ but many of those that flop have failed to plan. Answer: True Difficulty: 1 Objective: 1 2. The master budget reflects the impact of operating decisions‚ but not financing decisions. Answer: False Difficulty: 1 Objective: 1 The master budget reflects the impact of operating decisions and financing decisions. 3. Budgeted financial statements are also referred to as pro
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STANDARD OPERATING PROCEDURE FOR STORES There is a need to have a uniform procedure for the stores function so that optimum action is taken for a timely purchase at the best possible cost. In order to streamline stores function‚ there is a need for a uniform procedure. This SOP covers interalia‚ the entire subject of stores procurement‚ storage and preservation‚ issues on accounting management‚ stock verification‚ safety and security of stores. Suggestions for improvements in the procedures laid
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Basic Finance for Non-Finance Managers As a line manager‚ department head‚ entrepreneur or financier‚ you will at some point find yourself having to analyze a spreadsheet or have some form of financial recording to do as part of your job description. Spreadsheets‚ budgets‚ cash flow projections‚ business statistics‚ figures and the financial side of a business is not just meant for accountancy experts. Many are baffled by balance sheets‚ or confused by the financial statements of a business entity
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receivable determined in previous question. Assume the current balance in Allowance for Doubtful Accounts is a $8‚000 debit. Description/Account Debit Credit Of the above accounts‚ $5‚000 is determined to be specifically uncollectible. Prepare the journal entry to write off the uncollectible account. Description/Account Debit Credit The company collects $5‚000 subsequently on a specific account that had previously been determined to be uncollectible in previous question. Prepare the journal entry(ies)
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pack of FIN 515 Entire Course you will find the next docs: FIN 515 Week 1 Homework Problems and Mini Case.xlsx FIN 515 Week 2 Homework Assignment Problems.xlsx FIN 515 Week 3 Homework Assignment Problems.xlsx FIN 515 Week 3 Homework.xlsx FIN 515 Week 4 Homework Problems.xlsx FIN 515 Week 4 Midterm.xlsx FIN 515 Week 5 Homework.xlsx FIN 515 Week 5 Project Case 11-7.xlsx FIN 515 Week 6 Homework.xlsx FIN 515 Week 6 Problems Solutions.xlsx FIN 515 Week
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E5-11 a) Compute Payton’s gross profit. GROSS PROFIT = 900‚00 - 540‚000 = $ 360‚000 ______________________________________ b) Compute the gross profit rate. Why is this rate computed by financial statement users? (360‚000/900‚000)/100 = 4/10of 100 = 40% This is known as the GROSS PROFIT MARGIN. ______________________________________ c) What is Payton’s income from operations and net income? 1)Income from Operations = 360‚000 - 230‚000 = $130‚000. 2)Net Income = 130‚000 - 11‚000
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Chapter 8 Bond Valuations Bond Value = PV of coupons + PV of par Bond Value = PV annuity + PV of lump sum As interest rates increase‚ bond prices decrease and vice versa Interest Rate Risk The risk arises for bond owners from fluctuating interest rate‚ depending on how sensitive its
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1. What major requirements do client expect from their portfolio managers? We have two major requirements of a Portfolio Manager: 1. The ability to derive above average returns for a given risk class (large risk-adjusted returns); and 2. The ability to completely diversify the portfolio to eliminate all unsystematic risk. The client expect from their portfolio managers are to help them manage their money in less time. Most of the client requires a portfolio manager who can preserve
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