Question
DO NOT SOLICIT!! PLEASE SHOW HOW TO CALCULATE SO I CAN LEARN you have accumulated $4,950 and are looking for the best rate of return
DO NOT SOLICIT!! PLEASE SHOW HOW TO CALCULATE SO I CAN LEARN you have accumulated $4,950 and are looking for the best rate of return that can be earned over the next year. A bank savings account will pay 7%. A one-year bank certificate of deposit will pay 9%, but the minimum investment is $7,950. |
Required: | |
(a) | Calculate the amount of return you would earn if the $4,950 were invested for one year at 7%. (Round your answer to nearest whole number. Omit the "$" sign in your response.) |
Amount of return | $ |
(b) | Calculate the net amount of return you would earn if $3,000 were borrowed at a cost of 17%, and then $7,950 were invested for one year at 9%. (Round your answer to nearest whole number. Omit the "$" sign in your response.) |
Net amount of return | $ |
(c) | Calculate the net rate of return on your investment of $4,950 if you accept the strategy of part b.(Round your intermediate calculations to nearest whole dollar amount and final percentage answer to 2 decimal places. Omit the "%" sign in your response.) |
Net rate of return | % |
Firm D has net income of $87,000, sales of $2,282,000, and average total assets of $1,399,500. Calculate the firm's margin, turnover, and ROI. (Omit the "%" sign in your response.) |
Margin | % |
Turnover | |
ROI | % |
(b) | Firm E has net income of $154,500, sales of $2,545,000, and ROI of 18%. Calculate the firm's turnover and average total assets. (Omit the "$" sign in your response.) |
Turnover | $ |
Average total assets | |
(c) | Firm F has ROI of 12.6%, average total assets of $1,739,159, and turnover of 1.2. Calculate the firm's sales, margin, and net income. (Round your answers to the nearest whole numbers. Omit the "$" and "%" signs in your response.) |
Net income | $ |
Sales | $ |
Margin | % |
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