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1.Mary has been working for a university for almost 25 years and is now approaching retirement. She wants to address several financial issues before her retirement and has asked you to help her resolve the situations below. Her assignment to you is to provide a 4-5 page report, addressing each of the following issues separately. You are to show all your calculations and provide a detailed explanation for each issue.2.For the last 19 years, Mary has been depositing $500 in her savings account , which has earned 5% per year, compounded annually and is expected to continue paying that amount. Mary will make one more $500 deposit one year from today. If Mary closes the account right after she makes the last deposit, how much will this account be worth at that time?3.Mary has been working at the university for 25 years, with an excellent record of service. As a result, the board wants to reward her with a bonus to her retirement package. They are offering her $75,000 a year for 20 years, starting one year from her retirement date and each year for 19 years after that date. Mary would prefer a one-time payment the day after she retires. What would this amount be if the appropriate interest rate is 7%?4.Mary’s replacement is unexpectedly hired away by another school, and Mary is asked to stay in her position for another three years. The board assumes the bonus should stay the same, but Mary knows the present value of her bonus will change. What would be the present value of her deferred annuity?5.Mary wants to help pay for her granddaughter Beth’s education. She has decided to pay for half of the tuition costs at State University, which are now $11,000 per year. Tuition is expected to increase at a rate of 7% per year into the foreseeable future. Beth just had her 12th birthday. Beth plans to start college on her 18th birthday and finish in four years. Mary will make a deposit today and continue making deposits each year until Beth starts college. The account will earn 4% interest, compounded annually. How much must Mary’s deposits be each year in order to pay half of Beth’s tuition at the beginning of each school each year?
At what point in the design phase should the assessment be designed and why?
How long on average did it take for the company did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?
The project is estimated to generate $2,010,000 in annual sales, with costs of $705,000. If the tax rate is 34 percent, what is the OCF for this project?
Who loses and gains from the removal of restrictions on interstate banking? Why does interstate banking laws allow out of state acquistion of banks within the state rather than the opening of branches by out of state banks ? Who benefits from this..
The beginning accounts payable balance is $ 72 million, Assuming all sales are on credit, compute the cash collections from sales for each quarter.
what is the maximum capital budget that can be adopted without adversely affecting stockholder wealth?
Using the deferral method, prepare a statement of revenues and expenses and a statement of changes in net assets for Wise Owls for 20X1.
Suppose Community Bank offer to lend you $10,000 for one year at a nominal annual rate of 8%, but you must make interest payments at the end of each quarter and then pay off the $10,000 principle amount at the end of the year. What is the effectiv..
Kelly has AGI of $100,000 in 2006. She contributes stock in Tulip Corporation to a State University The stock price is $59000 & she acquired it as an investment two years ago at a cost of $44,000.
At what price does the common stock need to sell for the conversion value to be equal to the current bond price? Stock price = $
You graduate from UIC with $30,000 in student loans at 7% interest. You have 20 years to pay them off. What is your monthly payment?
Cheryl Colby, the CFO of Charming Florist Ltd., has created the company's pro forma balance sheet for the next fiscal year. Sales are projected to grow at 10% to the level of $330 million.
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