1) Fill in the blanks on the Barking Dog Voices Corporation (no preferred stock). The average tax rate is 25%. You need this number to calculate EBT

Revenues	1,000,000
Expenses
EBT
Net Income	150,000
Retained Earning, Jan 1	300,000
Dividends Declared and Paid	100,000
Retained Earnings, Dec 31
Current Assets, Dec 31
Non-current Assets, Dec 31	350,000
Total Assets, Dec 31
Current Liabilities, Dec 31	90,000
Non-current Liabilities, Dec 31
Total Liabilities	320,000
CS & Cap. in Excess of Par, Dec 31
Total Stockholders Equity, Dec 31	650,000

2. Lets say you are 25 years old and planning on retiring when you are 70. You plan on saving and depositing into an account that yields, on average, 4% per year. You do not intend to take out any principle or interest until you retire.

   1. a) Approximately how long (approximate years) would it take if you put in a lump sum to double

      at the rate above?

   2. b) How much will you have after 45 years if you deposit $5,214 at the end of each year?

   3. c) How much will you have after 45 years if instead, you deposit $100 at the end of each week

      instead (forget about the leap years, pretend there are 52.14 weeks per year for the next 40 years)

      at the same growth rate?

   4. d) How long (in years) would you need to save in order to save $1,000,000 if you deposited $100

      weekly and there are still only 52.14 weeks in the year at the growth rate above?

   5. e) What rate would you need to receive if you started to save at age 35 for 35 years, if you deposit

      $5,214 at the end of each year (forget about the leap years) to have $1,000,000?

   6. f) After retirement, you expect an average return of 2%. If you expect to live another 20 years,

      how much can you take out monthly for 20 years to totally exhaust your funds from your answer in part b (no money left over)?