Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

multiple choice simple finance, (NO EXPLAINATION NEEDED), please help! thank you Dustin has a client that would iike to have $35,000 available for his son

multiple choice simple finance, (NO EXPLAINATION NEEDED), please help! thank you

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Dustin has a client that would iike to have $35,000 available for his son to go to college in five years. Dustin suggest that his client deposit $6000 into an annuity at the end of each year. If that annuity pays 8% interest, how much would Dustin's client have in the annuity in five years? Select one: You are considering the purchasing preferred stock that pays a dividend of $2 a year. The current market rate of interest is 8%. What is the most you should consider paying per share of this preferred stock? Select one: Publicity traded companies are regulated by Select one: All of the following are theories to explain the shape of the yield curve except (Hint: look at the chapter 5 completed outline) Select one: Equity financing is accomplished by Select one: If, over five years, $2000 turned into $3000, what is the rate of return? Select one: Maria's Inn is planning an expansion that will result in an increase in assets, primarily fixed, of $1,000,000. The expansion is anticipated to increase net income from $50,000 to $150,000. Since Maria's Inn. LLC is not a publicly traded corporation, it will not be distributing any dividends. The increase in guests has resulted in an increase in current liabilities to $200,000. What is the external funding requirement for Maria's Inn? Select one: The finance department has informed Peter, the CFO at Federal Express, that their Average Collection Period for Federal Express is 60 days. Sales revenue for the past year was $144,000,000,000. How much was the average Accounts Receivable? Select one: Cost of goods sold at Paramount Farms is $180,000,000. Rose, as CFO of Paramount Farms, would like to increase inventory turnover from 60.0 to 90.0. If this occurs, how much would average inventory decrease? Select one: How long would it take for $2000 to become $2500 at an interst rate of 8.45% Select one: If the 8% interest on Chernell's $1,000 CD was copounded daily, what would the balance be at the end of five years Select one: What is the effective annual interest rate of 8% compounded daily

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

The Smart Investors Survival Guide

Authors: Charles Carlson

1st Edition

0385503873, 978-0385503877

More Books

Students also viewed these Finance questions

Question

Describe the five elements of the listening process.

Answered: 1 week ago