Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1)Ten years ago, Hailey invested $1,500 and locked in a 9 percent annual interest rate for 30 years (end 20 years from now). Aidan can

1)Ten years ago, Hailey invested $1,500 and locked in a 9 percent annual interest rate for 30 years (end 20 years from now). Aidan can make a 20-year investment today and lock in a 10 percent interest rate. How much money should he invest now in order to have the same amount of money in 20 years as Hailey?(Do not round intermediate calculations and round your final answer to 2 decimal places.) whats the present value?

=========

2)Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $391,000, Accounts receivable = $191,000, Inventory = $91,000, Accrued wages and taxes = $11,800, Accounts payable = $318,000, and Notes payable = $618,000. What is Campus's net working capital?

===========================

3) The Fitness Studio, Inc.s, 2012 income statement lists the following income and expenses: EBIT = $541,000, interest expense = $82,000, and net income = $447,000. Calculate the 2012 taxes reported on the income statement.

thanks!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Sustainability In Public Administration Exploring The Concept Of Financial Health

Authors: Manuel Pedro Rodríguez Bolívar

1st Edition

3319579614, 3319579622, 9783319579610, 9783319579627

More Books

Students also viewed these Finance questions

Question

NaBHY1Hg(AL)2 stereo cham must be s2oun! CH3CC++k0H+/H2O

Answered: 1 week ago

Question

Is the person willing to deal with the consequences?

Answered: 1 week ago