Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I. A company is interested in expanding its operational levels. The company's sales have increased rapidly as a result of the expansion of the local
I. A company is interested in expanding its operational levels. The company's sales have increased rapidly as a result of the expansion of the local economy. It is a family business and its only source of financing is a line of credit at your bank. The company needs to increase its inventory level in order to meet the needs of its customers. However, you want your current ratio not to exceed a level of 3. The company's current assets total $ 6,000,000 and its current level of current ratio is 4. How much can the company increase its inventory level, financing in turn said inventory through your credit line, without affecting your desire for a "current ratio" of 3? II. Sonia Soadora wants to retire in 30 years. She wishes at the time of her retirement to have a bank account with $ 750,000. Banco del Pueblo offers you a return on your future deposits of 5% per year. What amount must Soadora deposit annually to achieve the sum you want when you retire? 1. Una empresa interesa expandir sus niveles operacionales. Las ventas de la empresa han aumentado rpidamente como resultado de la expansin de la economa local. Se trata de una empresa familiar y su nica fuente de financiamiento es una linea de crdito en su banco. La empresa necesita aumentar su nivel de inventario para poder cubrir las necesidades de sus clientes. Sin embargo, desea que su "current ratio" no exceda de un nivel de 3. Los activos corrientes de la empresa suman $6,000,000 y su nivel actual de "current ratio" es de 4. Cunto podr aumentar dicha empresa su nivel de inventario, financiando a su vez dicho inventario a travs de su lnea de crdito, sin que se afecte su deseo de un "current ratio" de 3? II. Sonia Soadora desea retirarse en 30 aos. Ella desea al momento de su retiro tener una cuenta bancaria con $750,000. El Banco del Pueblo le ofrece un rendimiento en sus depsitos futuros de 5% anual. Qu suma debe depositar Soadora anualmente para lograr tener la suma que desea al retirarse
I. A company is interested in expanding its operational levels. The company's sales have increased rapidly as a result of the expansion of the local economy. It is a family business and its only source of financing is a line of credit at your bank. The company needs to increase its inventory level in order to meet the needs of its customers. However, you want your current ratio not to exceed a level of 3. The company's current assets total $ 6,000,000 and its current level of current ratio is 4. How much can the company increase its inventory level, financing in turn said inventory through your credit line, without affecting your desire for a "current ratio" of 3?
II. Sonia Soadora wants to retire in 30 years. She wishes at the time of her retirement to have a bank account with $ 750,000. Banco del Pueblo offers you a return on your future deposits of 5% per year. What amount must Soadora deposit annually to achieve the sum you want when you retire?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started