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Eric, age 53, had the following items of income:
1. Investment returns as a limited partner in a partnership of $1,200.
2. Unemployment compensation of $350.
3. Income from a law practice of $600.
4. Deferred compensation from a former employer of $14,000.
5. Alimony of $750.
6. Wages of $1,000.
What is the maximum contribution Eric can make to an IRA in 2016?
A project has cash flows of -$152,000, $60,800, $62,300, and $75,000 for years 0 to 3, respectively. The required rate of return is 13 percent. Based on the internal rate of return of _____ percent for this project, you should _____ the project? What..
Prepare a pro forma income statement for the first twelve (12) months of your business. Include the assumptions on which it is based.
A financial institution is permitted to use leverage up to a maximum debt to equity ratio of 20. Currently the bank finances its $ 100 of assets with $10 of equity. New Century Financial relied heavily on the REPO market for funds used to originate m..
A two-year Treasury security currently earns 5.13 percent. Over the next two years, the real interest rate is expected to be 2.15 percent per year and the inflation premium is expected to be 1.75 percent per year. Calculate the maturity risk premium ..
What is the project's operating cash flow for the first year (t=1)?
An externality is a situation where a project would have an adverse effect on some other part of the firm's overall operations. If the project would have a favorable effect on other operations, then this is not an externality. An example of an extern..
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Melissa's Dress Shop inventory at cost on January 1 was $19,400. Its retail value was $36,000. During the year, additional net purchases at a cost of $42,600 was brought in. Its retail value was $64,000. The net sales for the year was $70,000. Meliss..
Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She would like to retire with a pension of $30,000 per quarter for 10 years. If she works 22 years before retiring, how much money must she and her emplo..
Second National Bank Balance Sheet as of _____date (figures in million$) Assets: Cash assets: 5 Government Securities owned: 7 Loan secured by real estate: 30 Commercial industrial loans : 18 Bank fixed assets: 14 Total Assets 74 Liabilities Federal ..
General Electric sold jet engines on credit to Air France and invoiced €10 million payable in six months. Currently, the six-month forward exchange rate is $1.25/€ and the foreign exchange advisor for General Electric predicts that the spot rate is l..
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