Marigold Corp. will invest $82000 every December 31st for the next six years (2017 – 2022)....
Marigold Corp. will invest $82000 every December 31st for the
next six years (2017 – 2022). If Marigold will earn 13% on the
investment, what amount will be in the investment fund on December
31, 2022?
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Marigold Corp. will invest $82000 every December 31st for the
next six years (2017 – 2022)....
Solve the following and please show work 4. You wish to withdraw $50,000 every December 31st...
Solve the following and please show work
4. You wish to withdraw $50,000 every December 31st for the next six years (2018 2023), and you estimate that you will earn 8% on the investment, what is the most you need to invest today? (Round to the nearest S and use tables). 5. Addison Corp issued a 6% note payable in the amount of $4.8 million on October 1, 2017. The note is payable in four equal annual payments of $1.2...
Marigold Corp.'s accounts payable balance at December 31, 2017 was $1596000 before considering the following transactions:...
Marigold Corp.'s accounts payable balance at December 31, 2017 was $1596000 before considering the following transactions: • Goods were in transit from a vendor to Marigold on December 31, 2017. The invoice price was $70000, and the goods were shipped f.o.b. shipping point on December 29, 2017. The goods were received on January 4, 2018. • Goods shipped to Marigold, f.o.b. shipping point on December 20, 2017, from a vendor were lost in transit. The invoice price was $51000. On...
vin otel2 Binmolile 5. Assume ABC Company deposits $90.000 with First National Bank in an account...
vin otel2 Binmolile 5. Assume ABC Company deposits $90.000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. How much will ABC have in the account after five years if interest is reinvested? a. $120,953. b. $90,000. c. $117,000. d. $120,442. Lnsbut2 ma nsbie 6. Charlie Corp. is purchasing new equipment with a cash cost of $300,000 for an assembly line. The manufacturer has offered to accept $68,900 payment at the end of each...
At December 31, 2018 and 2017, Marigold Corp. had 185000 shares of common stock and 11600...
At December 31, 2018 and 2017, Marigold Corp. had 185000 shares of common stock and 11600 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2018 or 2017. Net income for 2018 was $441000. For 2018, earnings per common share amounted to (rounded to the nearest penny)
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 4-17 Marigold Corp. has the following information available for...
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 4-17 Marigold Corp. has the following information available for accruals for the year ended December 31, 2017. The company adjusts its accounts annually. 1. 2. 3. The December utility bill for $330 was unrecorded on December 31, Marigold paid the bill on January 11. Marigold is open 7 days a week and employees are paid a total of $2,730 every Monday for a 7-day (Monday-Sunday) workweek. December 31 is a Thursday, so employees...
Marigold Steel Company, as lessee, signed a lease agreement for equipment for 5 years, beginning December...
Marigold Steel Company, as lessee, signed a lease agreement for equipment for 5 years, beginning December 31, 2020. Annual rental payments of $43,000 are to be made at the beginning of each lease year (December 31). The interest rate used by the lessor in setting the payment schedule is 7%; Marigold’s incremental borrowing rate is 9%. Marigold is unaware of the rate being used by the lessor. At the end of the lease, Marigold has the option to buy the...
Marigold Corp. is constructing a building. Construction began on January 1 and was completed on December...
Marigold Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6380000 on March 1, $5250000 on June 1, and $8050000 on December 31. Marigold Corp. borrowed $3250000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $6450000 note payable and an 11%, 4-year, $12350000 note payable. What amount of interest should be charged to...
Marigold Corp. is constructing a building Construction began on January 1 and was completed on December...
Marigold Corp. is constructing a building Construction began on January 1 and was completed on December 31. Expenditures were $6440000 on March 1, 55280000 on June 1, and $8250000 on December 31. Marigold Corp. borrowed $3240000 on January 1 on a 5 year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10% 3 year, 56440000 note payable and an 11%, 4 year, $12850000 note payable What amount of interest should...
You plan to invest $350,000 every 6 months for the next 10 years. What annual rate...
You plan to invest $350,000 every 6 months for the next 10 years. What annual rate of return would you earn if you have $10,000,000 by the end of 10 years? (Round to 2 decimal places)
Condensed balance sheet and income statement data for Marigold Corp. are presented as follows. Marigold Corp....
Condensed balance sheet and income statement data for Marigold Corp. are presented as follows. Marigold Corp. Balance Sheets December 31 Assets 2017 2016 Cash $ 30,210 $ 22,210 Receivables (net) 82,900 74,900 Other current assets 102,900 85,900 Long-term investments 62,000 60,000 Property, plant, and equipment (net) 522,900 482,900 Total assets $ 800,910 725,910 Liabilities and Stockholders’ Equity Current liabilities $ 77,210 $ 72,210 Long-term liabilities 92,900 102,900 Common stock 342,900 312,900 Retained earnings 287,900 237,900 Total liabilities and stockholders’ equity...
Solve the following and please show work
4. You wish to withdraw $50,000 every December 31st for the next six years (2018 2023), and you estimate that you will earn 8% on the investment, what is the most you need to invest today? (Round to the nearest S and use tables). 5. Addison Corp issued a 6% note payable in the amount of $4.8 million on October 1, 2017. The note is payable in four equal annual payments of $1.2...
vin otel2 Binmolile 5. Assume ABC Company deposits $90.000 with First National Bank in an account earning interest at 6% per annum, compounded semi-annually. How much will ABC have in the account after five years if interest is reinvested? a. $120,953. b. $90,000. c. $117,000. d. $120,442. Lnsbut2 ma nsbie 6. Charlie Corp. is purchasing new equipment with a cash cost of $300,000 for an assembly line. The manufacturer has offered to accept $68,900 payment at the end of each...
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 4-17 Marigold Corp. has the following information available for accruals for the year ended December 31, 2017. The company adjusts its accounts annually. 1. 2. 3. The December utility bill for $330 was unrecorded on December 31, Marigold paid the bill on January 11. Marigold is open 7 days a week and employees are paid a total of $2,730 every Monday for a 7-day (Monday-Sunday) workweek. December 31 is a Thursday, so employees...
Marigold Corp. is constructing a building Construction began on January 1 and was completed on December 31. Expenditures were $6440000 on March 1, 55280000 on June 1, and $8250000 on December 31. Marigold Corp. borrowed $3240000 on January 1 on a 5 year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10% 3 year, 56440000 note payable and an 11%, 4 year, $12850000 note payable What amount of interest should...
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