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Please answer the questions and solve the problems below. Questions have equal weights. 1. What is intermediation? What are the importance and benefits provided via
Please answer the questions and solve the problems below. Questions have equal weights. 1. What is intermediation? What are the importance and benefits provided via intermediation? 2. A father is planning a savings program to put his daughter through college. His daughter is now 13 years old. She plans to enroll the university in five years from now, and it should tahe her four years to complete her education. Currently, cost per year (for everything-food, clothing- tuition, books, transportation and so forth) is $12,500, but a five percent inflation rate in these costs is forecasted, The daughter recently received $7,500 from her father as donation for education, and will be deposited into an account paying 8% compounded annually. The rest of the costs will be met by the money father will deposit in the same account, also earning 8% Father will deposit first saving today and until she starts to university, 6 equal deposits. His savings should help cover all university costs and will be totally exhausted after the last year. What is the amount of six equal deposits that will be made by the father? 3. Harvey Supplies Inc. has a current ratio of 3.0, a quick ratio of 2.4, and an inventory turnover ratio of 6. Harvey's total assets are $1 million and its debt ratio is 0.20. The firm has no long- term debt. What is Harvey's sales figure if the total cost of goods sold is 75% of sales? PLEASE ANSWER THE QUESTIONS IN HANDWRITTEN FORM, SCAN AND UPLOAD TO YOUR CLASS' DROPBOX FOLDER, NO LATER THAT 12TH DECEMBER, SATURDAY 12.00 AM (MIDNIGHT) Please answer the questions and solve the problems below. Questions have equal weights. 1. What is intermediation? What are the importance and benefits provided via intermediation? 2. A father is planning a savings program to put his daughter through college. His daughter is now 13 years old. She plans to enroll the university in five years from now, and it should tahe her four years to complete her education. Currently, cost per year (for everything-food, clothing-tuition, books, transportation and so forth) is $12,500, but a five percent inflation rate in these costs is forecasted. The daughter recently received $7,500 from her father as donation for education, and will be deposited into an account paying 8% compounded annually. The rest of the costs will be met by the money father will deposit in the same account, also earning 8% Father will deposit first saving today and until she starts to university, 6 equal deposits. His savings should help cover all university costs and will be totally exhausted after the last year. What is the amount of six equal deposits that will be made by the father? 3. Harvey Supplies Inc. has a current ratio of 3.0, a quick ratio of 2.4, and an inventory turnover ratio of 6. Harvey's total assets are $1 million and its debt ratio is 0.20. The firm has no long- term debt. What is Harvey's sales figure if the total cost of goods sold is 75% of sales? PLEASE ANSWER THE QUESTIONS IN HANDWRITTEN FORM, SCAN AND UPLOAD TO YOUR CLASS' DROPBOX FOLDER, NO LATER THAT 12 DECEMBER, SATURDAY 12.00 AM (MIDNIGHT)
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