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Uncle John has deposited $50,000 today in an account that will earn 8 percent annually. He plans to leave the funds in this account for
Uncle John has deposited $50,000 today in an account that will earn 8 percent annually. He plans to leave the funds in this account for six years earning interest. If the goal of this deposit is to cover a future obligation of $85,000, what recommendation would you make to Uncle John? O a. Need to invest 3,248 more O b. Need to invest $3,367 more O c. Need to invest $2,960 more O d. Need to invest $3,564 more Oe. Need to invest $3,610 more QUESTION 8 Last year Boston Breweries had $300 million of sales and $120 million of fixed assets, so its Fixed Assets/Sales ratio was 40%. However, its fixed assets were used at only 42% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants to set its target Fixed Assets/Sales ratio at the level, it would have had, had it been operating at full capacity. What target Fixed Assets/Sales ratio should the company set? O a. 15.80% b.16.80% O c. 17.25% O d. 20.3% O e 16,20%
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