34 Answered Questions for the topic Business - Finance
determine how much Larry should deposit each month into his account so that both men will have the same amount of money in their accounts at age 65
Since he was 23 years old, Ben has been depositing $200 at the end of each month into a tax-free retirement account earning interest at the rate of 3.5%/year compounded monthly. Larry, who is the... more
Find the periodic payment R required to accumulate a sum of S dollars over t years with interest earned at the rate of r%/year compounded
Find the periodic payment R required to accumulate a sum of S dollars over tyears with interest earned at the rate of r%/year compounded m times a year. (Round your answer to the nearest... more
Suppose that Ramos contributes $4000/year into a traditional IRA earning interest at the rate of 5%/year compounded annually, every year after age 35 until his retirement at age 65.
Suppose that Ramos contributes $4000/year into a traditional IRA earning interest at the rate of 5%/year compounded annually, every year after age 35 until his retirement at age 65. At the same... more
College savings question
Sam Long anticipates he will need approximately $225,000 in 15 years to cover his 3-year-old daughter’s college bills for a 4-year degree. How much would he have to invest today at an 8% interest... more
Compound Interest question
Carol Miller went on vacation and bought a $74 souvenir. It is the only charge on her credit card, which has an annual interest rate of 10%. If it is compounded daily, how much interest would... more
Promissory note question
Raindrop Inc owes a past due bill to Jax Corp. On August 8, Jax agrees to accept a $5000, 8%, 120-day note as payment from Raindrop. On October 11, Jax discounts the note at Park Bank at 9%. Find... more
Sally’s Skate Company offers roller skating lessons. Her facility is her only fixed cost, at $800/month. Her instructor rate (a variable cost) is $60 per hour. She has no other costs. If each... more
Best Buy buys an iPod from a wholesaler with a $300 list price and a 5% trade discount. What is the dollar amount of the discount and the Net Price of the iPod?
Ben Luna received his bank statement with a $27.04 fee for a bounced check (Non-sufficient funds). He has an $815.75 monthly mortgage payment paid through his bank. There was also a $3.00 teller... more
Balance reconcilliation problem
Galapagos Islands Resort received its bank statement showing a balance of $8788. Its checkbook balance is $15,252. Deposits in transit are $3,450 and $6,521. There is a service charge of $45 and... more
If 7 percent of the workers in an area are unemployed , what is the probability that in a sample of 150 workers more than 15 will be unemployed ? ( USE NAB ).Explain why you have applied Normal... more
Make a frequency distribution table using 28 as the class interval and start first class from 62 onwards
Make a frequency distribution table using 28 as the class interval and start first class from 62... more
5Ị/ ( 5-3 )Ị 2Ị =
5Ị/ ( 5-3 )Ị 2Ị =
Ah Jie is owner of Jie Kopitiam. At the end of each month, Ah Jie prepares a bank reconciliation statement for her business bank account. At 31 May 2019 her ledger balance was RM2,759 (credit) and... more
financial analysis for NYSE Data using EXCELL sheet
I will provide all requirements to the tutor for my project in business analytics udacity nanodegree
True or false question
Holden just learned that several people in New Hampshire needed to be treated for food poisoning after eating peanut butter that was produced and jarred in his plant. As he walks the back stairs at... more
Equities investment problem.
Investor A wants to invest in Company XYZ. Company XYZ’s shares are trading at R220 per share. The company is expected to pay a dividend of $15 per share at the end of the year. Thereafter,... more
Business finance Math
The estimated wholesale unit price (p) in dollars of the Pacific Hawaii Flour Factory to sell x cases of butter squash flour is: p = -0.4x + 580The cost to produce x cases of flour is given by the... more
Business math word problem help!
Land Rover has increased the price of a FreeLander by 1/6 from the original price. The original price of the FreeLander was $45,000. What is the new price?
Business finance Finance
Whats the purpose of S&P 500 futures?
If the S&P 500 is at a level of 2500 then the market value of a futures contract is 2,500 x $250 or $625000. So whats the point of buying a contract if as of December 12/18/2019 the total share... more
A suburban hotel derives its revenue from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue... more
The null and alternate hypotheses are:H0 : μd ≤ 0H1 : μd > 0The following sample information shows the number of defective units produced on the day shift and the afternoon shift for a sample of... more
I do not know how to arrive at the answer
Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost MethodsThe units of an item available for sale during the year were as follows: Jan. 1 Inventory 4 units at $29 $116 July... more
Business finance Precalculus
Expected Value- Probability
A company estimates that 1% of their products will fail after the original warranty within 2 years of the purchase, with a replacement cost of $500.If they want to offer a 2 year extended... more
What is the Estimated Cost of Goods Sold? What is the Estimated Ending Inventory?
January 1... $190,000January 1 through September 5 purchases (net)... $352,000January 1 through September 5 sales (net)...$685,000Year 2015 estimated gross profit rate...44%