For the year ending December 31, 2017, sales for Corporation Y were $60.61 billion. Beginning January...
For the year ending December 31, 2017, sales for Corporation Y
were $60.61 billion. Beginning January 1, 2018 Corporation Y plans
to invest 8.5% of their sales amount each year and they expect
their sales to increase by 4% each year over the next three
years.
Corporation Y invests into an account earning an APR of 1.3%
compounded continuously. Assume a continuous income stream.
How much money will be in the investment account on December 31,
2020?
Round your answer to three decimal places.
billion
dollars
How much money did Company Y invest in the account between January
1, 2018 and December 31, 2020?
Round your answer to three decimal places.
billion
dollars
How much interest did Company Y earn between January 1, 2018 and
December 31, 2020?
Round your answer to three decimal places. If intermediate
values are used, be sure to use the unrounded values to determine
the answer.
billion
dollars
Homework Answers
a) How much money will be in the investment account on December
31, 2020?
Round your answer to three decimal places.
answer = $16.498 billion (closing balance on 31 dec for year 2020 as per the table below sr no 9 )
b) How much money did Company Y invest in the account between
January 1, 2018 and December 31, 2020?
Round your answer to three decimal places.
answer = $16.082 Billion (check sr no 4 in table below )
addition of sr no 4 figures ( 5.15185+5.357924+5.572241)
C) How much interest did Company Y
earn between January 1, 2018 and December 31, 2020?
Round your answer to three decimal places.
answer = $ 0.416 Billion (check sr no 8 in table below )
addition of sr no 8 figures (0.066974+0.137498+0.211724)
Add Answer to:
For the year ending December 31, 2017, sales for Corporation Y
were $60.61 billion. Beginning January...
For the year ending December 31, 2017, sales for Corporation Y were $63.51 billion. Beginning January...
For the year ending December 31, 2017, sales for Corporation Y were $63.51 billion. Beginning January 1, 2018 Corporation Y plans to invest 7.5% of their sales amount each year and they expect their sales to increase by 5% each year over the next three years. Corporation Y invests into an account earning an APR of 2.3% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer...
For the year ending December 31, 2017, sales for Corporation Y were $61.31 billion. Beginning January...
For the year ending December 31, 2017, sales for Corporation Y were $61.31 billion. Beginning January 1, 2018 Corporation Y plans to invest 7.5% of their sales amount each year and they expect their sales to increase by 5% each year over the next three years. Corporation Y invests into an account earning an APR of 1.5% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2017 Sales Operating costs...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2017 Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less Interest Pre-tax income Taxes (40%) Net income available to common stockholders Common dividends 2018 $11,050.0 8,564.0 275.0 $2,211.0 238.0 $1,973.0 789.2 $1,183.8 $1,065.0 $8,500.0 7,225.0 230.0 $1,045.0 183.0 $862.0 344.8 $517.2 $414.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 $112.0 56.0 1,169.0 2,656.0 $3,993.0 2,754.0 $6,747.0 $102.0...
On January 1, 2017, BLANK Corporation purchased 311 of the $1,000 face value, 9%, 10-year bonds...
On January 1, 2017, BLANK Corporation purchased 311 of the $1,000 face value, 9%, 10-year bonds of BLANK #2 Inc. The bonds mature on January 1, 2027, and pay interest annually beginning January 1, 2018. BLANK purchased the bonds to yield 11%. How much did BLANK pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) BLANK must pay for the bonds
Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales...
Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $2,310.0 $2,100.0 Operating costs excluding depreciation and amortization 1785.0 1,733.0 $ 577.0 $ 315.0 EBITDA Depreciation and amortization 53.0 46.0 $ 269.0 Earnings before interest and taxes (EBIT) 524.0 Interest 51.0 46.0 Earnings before taxes (EBT) 473.0 223.0 Taxes (40%) 189.2 89.2. Net income $ 283.8 $ 133.8 Common dividends $255.0 $107.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars)...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 800,000 shares of common stock were outstanding. The Interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Sales Operating costs excluding...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less Interest Pre-tax income Taxes (40%) Net income available to common stockholders Common dividends 2018 $11,050.0 8,564.0 275.0 $2,211.0 238.0 $1,973.0 789.2 $1,183.8 $1,065.0 2017 $8,500.0 7,225.0 230.0 $1,045.0 183.0 $862.0 344.8 $517.2 $414.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 $112.0 56.0 1,169.0 2,656.0 $3,993.0 2,754.0 $6,747.0 $102.0...
On December 31, 2017, Plank Corporation issued $800,000, 6%, 5-year bonds for $735,100. The bonds were...
On December 31, 2017, Plank Corporation issued $800,000, 6%, 5-year bonds for $735,100. The bonds were sold to yield an effective-interest rate of 8%. Interest is paid annually on December 31. The company uses the effective-interest method of amortization. Prepare a bond discount amortization schedule which shows the amortization of discount for the first two interest payment dates. (Round answers to 0 decimal places, e.g. 5,275.) PLANKCORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments 6% Bonds Issued at 8% Interest...
On January 1, 2020, Bramble Corporation sold a building that cost $274.380 and that had accumulated...
On January 1, 2020, Bramble Corporation sold a building that cost $274.380 and that had accumulated depreciation of $105,010 on the date of sale. Bramble received as consideration a $264,380 non-interest-bearing note due on January 1, 2023. There was no established exchange price for the building, and the note had na ready market. The prevailing rate of interest for a note of this type on January 1, 2020 was 12%. At what amount should the gain from the sale of...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the...
For the year ending December 31, 2017, sales for Corporation Y were $61.31 billion. Beginning January 1, 2018 Corporation Y plans to invest 7.5% of their sales amount each year and they expect their sales to increase by 5% each year over the next three years. Corporation Y invests into an account earning an APR of 1.5% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2017 Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less Interest Pre-tax income Taxes (40%) Net income available to common stockholders Common dividends 2018 $11,050.0 8,564.0 275.0 $2,211.0 238.0 $1,973.0 789.2 $1,183.8 $1,065.0 $8,500.0 7,225.0 230.0 $1,045.0 183.0 $862.0 344.8 $517.2 $414.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 $112.0 56.0 1,169.0 2,656.0 $3,993.0 2,754.0 $6,747.0 $102.0...
Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $2,310.0 $2,100.0 Operating costs excluding depreciation and amortization 1785.0 1,733.0 $ 577.0 $ 315.0 EBITDA Depreciation and amortization 53.0 46.0 $ 269.0 Earnings before interest and taxes (EBIT) 524.0 Interest 51.0 46.0 Earnings before taxes (EBT) 473.0 223.0 Taxes (40%) 189.2 89.2. Net income $ 283.8 $ 133.8 Common dividends $255.0 $107.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars)...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 800,000 shares of common stock were outstanding. The Interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the...
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less Interest Pre-tax income Taxes (40%) Net income available to common stockholders Common dividends 2018 $11,050.0 8,564.0 275.0 $2,211.0 238.0 $1,973.0 789.2 $1,183.8 $1,065.0 2017 $8,500.0 7,225.0 230.0 $1,045.0 183.0 $862.0 344.8 $517.2 $414.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 $112.0 56.0 1,169.0 2,656.0 $3,993.0 2,754.0 $6,747.0 $102.0...
On December 31, 2017, Plank Corporation issued $800,000, 6%, 5-year bonds for $735,100. The bonds were sold to yield an effective-interest rate of 8%. Interest is paid annually on December 31. The company uses the effective-interest method of amortization. Prepare a bond discount amortization schedule which shows the amortization of discount for the first two interest payment dates. (Round answers to 0 decimal places, e.g. 5,275.) PLANKCORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments 6% Bonds Issued at 8% Interest...
On January 1, 2020, Bramble Corporation sold a building that cost $274.380 and that had accumulated depreciation of $105,010 on the date of sale. Bramble received as consideration a $264,380 non-interest-bearing note due on January 1, 2023. There was no established exchange price for the building, and the note had na ready market. The prevailing rate of interest for a note of this type on January 1, 2020 was 12%. At what amount should the gain from the sale of...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the...
Most questions answered within 3 hours.
-
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 30 minutes ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 2 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 3 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 3 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 3 hours ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 3 hours ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 4 hours ago -
Under all the various types of market structures, firms
must eventually earn some economic profits for...
asked 3 hours ago -
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 3 hours ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 4 hours ago -
Please answer the question in brief.
Discuss the role of ERP in organizations. Are ERP tools...
asked 3 hours ago -
Discuss the pros and cons of collaborative software such
as SameTime. Does it increase productivity? What...
asked 4 hours ago