Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 08, 2024

If a company requires $80,000 to meet a purchase commitment in 3 years, how much would the company need to put into a fund today

If a company requires $80,000 to meet a purchase commitment in 3 years, how much would the company need to put into a fund today earning 5% to be able to have the required funds available at that time?

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

Recommended Textbook for

Management Accounting

Authors: Greg Shields

1st Edition

1647484286, 978-1647484286

More Books

Students also viewed these Accounting questions

Question

★★★★★

If f and g are continuous on [a, b] and if ba f = ba g, prove that there exists c [a, b] such that f(c) = g(c).

Answered: 1 week ago

Question

★★★★★

2 What would be some of the risk of absence of reflection in coach train-ing programs?

Answered: 1 week ago

Question

★★★★★

a. International Paper Company (IP) needs $100 million of additional financing, but because of restrictions in existing debt covenants, it cannot place any more debt on its balance sheet. To obtain...

Answered: 1 week ago

Question

★★★★★

This factory has a budget cost that is relevan to the decition refgarding closing factory of 34,000,000 2.- an annual budget cost non relevant to dection regarding closing the factory of 18,000,000,...

Answered: 1 week ago

Question

★★★★★

LL Incorporated's currently outstanding 7% coupon bonds have a yleld to maturity of 13%. LL beleves it could issue new bonds at par that would provide a similar yield to maturity. If its marginal tax...

Answered: 1 week ago

Question

★★★★★

What is the recommended way of importing multiple secrets into the HashiCorp Vault? Inline, with the '-' at the end of the put Importing a JSON file with the @ operator Redirecting a JSON file as...

Answered: 1 week ago

Question

★★★★★

Multi Enterprises Ltd. is a Canadian-controlled private corporation whose fiscal period coincides with the calendar year. For the year 2021, the company's taxable income was calculated as follows:...

Answered: 1 week ago

Question

★★★★★

statements. The adjusted trial balance amounts at June 30 are shown below. Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Debit Credit $ 6,700 Accumulated Depreciation-Equipment $...

Answered: 1 week ago

Question

★★★★★

3. Suppose each person in a large statistics class (enrollment 1000 students) rolls a die 60 times and counts the number of times they roll an ace (one dot). (a) For each person, the total number of...

Answered: 1 week ago

Question

★★★★★

Grand Corporation reported pretax book income of $805,000. Tax depreciation exceeded book depreciation by $535,000. In addition, the company received $330,000 of tax-exempt municipal bond interest....

Answered: 1 week ago

Question

★★★★★

Should all Pizza Barn locations across Canada use the same recruitment and selection processes? Do geographic diversity and differences in the labour market mean that these processes should differ on...

Answered: 1 week ago

Question

★★★★★

Should Joseph consider internal employees to fill the current junior analyst vacancies? Why or why not? Joseph Bloom was confused and disappointed. As IT director for a medium-sized technology firm,...

Answered: 1 week ago

Question

★★★★★

Access the corporate website for Bombardier, one of Canadas premier aerospace and transportation companies, at bombardier.com, and click on Careers. Watch the short video and read the rest of the...

Answered: 1 week ago

Previous Question Next Question