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A certain gym teacher has a class of 20 students. He wants to divide them into four teams of five students each in order to have a class basketball tournament.
(a) How many different ways can he divide the class into four teams?
(b) Tommy and Bobby are two of the students in the class and are best friends. Assuming the gym teacher assigns students in a completely random fashion, what is the probability that they get selected to be on the same team?
(c) Neither boy wants to be on a team with the class bully, Frank. What is the probability that neither Tommy nor Bobby are on the same team as Frank?
ou want to buy a new sports car from Muscle Motors for $73,000. The contract is in the form of a 60-month annuity due at a 7.00 percent APR. What will your monthly payment be
Columbia Company earned $880 million last year and paid out 25% of earnings in dividends. There were 150 million shares of stock outstanding at a price of $65 per share. By how much did the company's retained earnings increase
Argue for or against an established theory involving Mergers and Acquisitions or Financial Ratio Analysis and argue for or against your own theory involving Mergers and Acquisitions or Financial Ratio Analysis
Effective interview preparation techniques include practicing answers to possible questions
Last year, AFC's sales (all on credit) were $468,000, and it had a net profit margin of 8 percent. The cost of goods is 60 percent of sales. Inventory was tured over 12 times during the year, and the DSO was 42 days.
At the end of the first day of trading, IPO A is selling for $22.70 a share and IPO B is selling for $18.60 a share. What is the difference in the total profits or losses that Scott and Steve have as of the end of the first day of trading
Todd is able to pay $360 a month for 6 years for a car. If the interest rate is 6.7 percent, how much can Todd afford to borrow to buy a car
The Serial Bond "B" information is as follows; Maturity date 8-1-14 in the Amount $6,640, a Rate of 5.00%, with the Yield being .390%. The Bond Price is 11.559, and the Premium Discount is 388.06.
As a jewelry store manager, you want to offer credit, with interest on outstanding balances paid monthly. To carry receivables, you must borrow funds from your bank at a nominal 6%, monthly compounding.
Company X has 100 shares outstanding. It earns $1,000 per year and announces that it will use all $1,000 to repurchase its shares in the open market instead of paying dividends.
To fund the purchase, the private equity firm assumes all existing $100 debt at the current 4% interest rate, borrows $100 in new debt with a 12% interest rate, and contributes $20 in equity.
Ina boom economy its rate of return is negative 28%, in a normal economy its rate of return is 8% and in a recession its rate of return is 48%. All three possible states of the economy are equally likely.
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