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A) My goal is to be a millionaire in 10 years.If I invest $300,000 in real estate today, will I achieve my goal if the
A) My goal is to be a millionaire in 10 years.If I invest $300,000 in real estate today, will I achieve my goal if the value of the real estate grows at a rate of 11% annually?Explain and Show computations to support your answer. B) From the chart below, what is the correct Current Ratio? Current Assets$1,350 Total Assets$2,500 Operating Profit$475 Debt$975 Net Income$300 Inventory$450 Cost of Goods Sold$525 Sales$1,350 Current Liabilities$800 Total Equity$1,525 Total Liabilities and owners equity$2,500 C) A debt ratio is a measure of how risky it would be for a bank to extend a loan to a company, with a higher ratio indicating great risk. True False D)What is the correct formula for Average Collection Period? '= Number of Days Average Net Receivables / Net Credit Sales '= Number of Days Average Net Receivables / Net Sales '= Number of Days Average Net Receivables / Net Cash Sales '= Number of Days Average Net Receivables / Net Income E) High Inventory Turnover implies weak sales and, excess inventory. True False F) If John deposits $8,050 in a bank account that pays interest of 2.5%, compounded annually, how much will I have in the account after 7 years? G) Craig purchased a house for $450,000, putting down 20%. He has agreed to pay the remaining balance over the next 30 years in 30 equal end-of-year payments, plus 5% compound interest on the unpaid balance. What will the equal payments be? H)What is the accumulated sum of $12 a year for the next 8 years compounded annually at 10%
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