future value
What is the future value of $510 per year for 10years compounded annually at 9 percent?
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Ronen Consulting
Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $375,000 due in 28years. In other words, they will need $375,000 in 28years. Toni Flanders, the company’s CEO, is scrambling to discount the liability to the present to assist in valuing the firm’s stock. If the appropriate discount rate is 7
percent, what is the present value of the liability If the appropriate discount rate is 7percent, the present value of the $375,000liability due in 28years is?
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The Brenmar Sales Company
The Brenmar Sales Company had a gross profit margin (grossprofits divided by ÷sales)of 34percent and sales of $ 8.2million last year. 78 percent of the firm’s sales are on credit, and the remainder are cash sales. Brenmar’s current assets equal $ 1.1million, its current liabilities equal $ 304,600and it has $103,600
in cash plus marketable securities.
a. If Brenmar’s accounts receivable equal $562,000,what is its average collection period?
b. If Brenmar reduces its average collection period to 25days, what will be its new level of accounts receivable?
c.Brenmar’s inventory turnover ratio is 9.5times. What is the level of Brenmar’s inventories?
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5000 dollars invested
5000 dollars invested for 9 years at 10 percent compounded annually will accumulate to
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