Homework Answers
| Sales 5 years later = Current sales * ( 1 + r )^n = 700 * ( 1 + 0.06 )^5 | 936.76 |
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17. Chapter MC, Section .05, Problem 070 Last year Rocco Corporation's sales were $700 million. If...
Last year Rocco Corporation's sales were $600 million. If sales grow at 6% per year, how...
Last year Rocco Corporation's sales were $600 million. If sales grow at 6% per year, how large in millions) will they be 5 years later? a $722.64 6. $810.96 c. $802.94 d. $642.35 e. $979.58
8. Chapter MC, Section .05, Problem 074 You deposit $825 today in a savings account that...
8. Chapter MC, Section .05, Problem 074 You deposit $825 today in a savings account that pays 6 % interest, compounded annually. How much will your account be worth at the end of 25 years? Oa $4,213.54 Ob. $3,965.69 Oc. $3,257.53 Od. $4,001.10 Oe. $3,540.79
oooooo Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that...
oooooo Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 11.4% interest, compounded annually. How much will you have when the CD matures? O a $5,886.84 Ob. $6,063.44 O c $5,357.02 Od 17.299.68 & 76.36 last year Rocco Corporation's sales were $175 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later? O a $271.66 O b. $234.19 O c $196.72 Pod. $290.39 O e....
23. Chapter MC, Section .05, Problem 123 What annual payment must you receive in order to...
23. Chapter MC, Section .05, Problem 123 What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $4,800? O a. $349.44 O b. $25.84 O c. $352.56 O d. $283.92 Oe. $312.00
23. Chapter MC, Section .05, Problem 123 What annual payment must you receive in order to...
23. Chapter MC, Section .05, Problem 123 What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $4,800? O a. $349.44 O b. $25.84 O c. $352.56 O d. $283.92 Oe. $312.00
6. Chapter MC, Section .05, Problem 097 What is the PV of an ordinary annuity with...
6. Chapter MC, Section .05, Problem 097 What is the PV of an ordinary annuity with 5 payments of $16,200 if the appropriate interest rate is 4.5%? O a. $70,406.45 b. $63,294.68 O c. $81,785.27 O d. $56,182.92 O $71,117.62
Growth Rates Sales for Hanebury Corporation's just-ended year were $7 million Sales were $3.5 million 5...
Growth Rates Sales for Hanebury Corporation's just-ended year were $7 million Sales were $3.5 million 5 years earlier a. At whatrate did sales grow? Do not round intermediate calculations. Round your answer to two decimal places b. Suppose someone calculated the sales growth for Handbury Corporation in part a as follows: "Sales doubled in 5 years. This represents a growth of 100% in 5 years: dividing 100% by 5 results in an estimated growth rate of 20% per year." Explain...
Shalit Corporation's 2011 sales were $9 million. Its 2006 sales were $4.5 million. a. At what...
Shalit Corporation's 2011 sales were $9 million. Its 2006 sales were $4.5 million. a. At what rate have sales been growing? Round your answer to two decimal places. b. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years, so, dividing 100% by 5, we find the growth rate to be 20% per year." Is that statement correct? -Select- -Select- The statement is correct because 100% divided by 5 equals 20%....
1) Sawyer Corporation's 2018 sales were $9 million. Its 2013 sales were $4.5 million. At what...
1) Sawyer Corporation's 2018 sales were $9 million. Its 2013 sales were $4.5 million. At what rate have sales been growing? Round your answer to two decimal places. % Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct? 2)Find the interest rates earned on each of the following. Round your answers...
Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100...
Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Assets Cash Accounts receivable Inventory Current assets Fixed assets Balance Sheet (in $ millions) Liabilities and Stockholders' Equity $...
Last year Rocco Corporation's sales were $600 million. If sales grow at 6% per year, how large in millions) will they be 5 years later? a $722.64 6. $810.96 c. $802.94 d. $642.35 e. $979.58
8. Chapter MC, Section .05, Problem 074 You deposit $825 today in a savings account that pays 6 % interest, compounded annually. How much will your account be worth at the end of 25 years? Oa $4,213.54 Ob. $3,965.69 Oc. $3,257.53 Od. $4,001.10 Oe. $3,540.79
oooooo Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 11.4% interest, compounded annually. How much will you have when the CD matures? O a $5,886.84 Ob. $6,063.44 O c $5,357.02 Od 17.299.68 & 76.36 last year Rocco Corporation's sales were $175 million. If sales grow at 6% per year, how large (in millions) will they be 5 years later? O a $271.66 O b. $234.19 O c $196.72 Pod. $290.39 O e....
23. Chapter MC, Section .05, Problem 123 What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $4,800? O a. $349.44 O b. $25.84 O c. $352.56 O d. $283.92 Oe. $312.00
23. Chapter MC, Section .05, Problem 123 What annual payment must you receive in order to earn a 6.5% rate of return on a perpetuity that has a cost of $4,800? O a. $349.44 O b. $25.84 O c. $352.56 O d. $283.92 Oe. $312.00
6. Chapter MC, Section .05, Problem 097 What is the PV of an ordinary annuity with 5 payments of $16,200 if the appropriate interest rate is 4.5%? O a. $70,406.45 b. $63,294.68 O c. $81,785.27 O d. $56,182.92 O $71,117.62
Growth Rates Sales for Hanebury Corporation's just-ended year were $7 million Sales were $3.5 million 5 years earlier a. At whatrate did sales grow? Do not round intermediate calculations. Round your answer to two decimal places b. Suppose someone calculated the sales growth for Handbury Corporation in part a as follows: "Sales doubled in 5 years. This represents a growth of 100% in 5 years: dividing 100% by 5 results in an estimated growth rate of 20% per year." Explain...
Shalit Corporation's 2011 sales were $9 million. Its 2006 sales were $4.5 million. a. At what rate have sales been growing? Round your answer to two decimal places. b. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years, so, dividing 100% by 5, we find the growth rate to be 20% per year." Is that statement correct? -Select- -Select- The statement is correct because 100% divided by 5 equals 20%....
Owen's Electronics has nine operating plants in seven southwestern states. Sales for last year were $100 million, and the balance sheet at year-end is similar in percentage of sales to that of previous years (and this will continue in the future). All assets (including fixed assets) and current liabilities will vary directly with sales. The firm is working at full capacity. Assets Cash Accounts receivable Inventory Current assets Fixed assets Balance Sheet (in $ millions) Liabilities and Stockholders' Equity $...
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