Question
Derek currently has $10,116.00 in an account that pays 5.00%. He will withdraw $5,636.00 every other year beginning next year until he has taken 5.00
Derek currently has $10,116.00 in an account that pays 5.00%. He will withdraw $5,636.00 every other year beginning next year until he has taken 5.00 withdrawals. He will deposit $10116.0 every other year beginning two years from today until he has made 5.0 deposits. How much will be in the account 29.00 years from today?
Derek can deposit $297.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 13.00% and compounds interest monthly. Derek can deposit $2,551.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounds interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after 10 years?
Category | Prior year | Current year |
Accounts payable | 41,400 | 45,000 |
Accounts receivable | 115,200 | 122,400 |
Accruals | 16,200 | 13,500 |
Additional paid in capital | 200,000 | 216,660 |
Cash | ??? | ??? |
Common Stock @ par value | 37,600 | 42,000 |
COGS | 131,400 | 179,694.00 |
Depreciation expense | 21,600 | 23,798.00 |
Interest expense | 16,200 | 16,724.00 |
Inventories | 111,600 | 115,200 |
Long-term debt | 135,000 | 138,868.00 |
Net fixed assets | 378,728.00 | 399,600 |
Notes payable | 59,400 | 64,800 |
Operating expenses (excl. depr.) | 50,400 | 66,310.00 |
Retained earnings | 122,400 | 136,800 |
Sales | 255,600 | 336,945.00 |
Taxes | 9,900 | 18,503.00 |
What is the current year's return on equity (ROE)?
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