Assignment 2 Questions Assignment 2 Questions Problem 6.7 Common Size Financial Statements The balance sheet and income statement for Webb Enterprises Inc. are found below: Balance Sheet 2010 Cash and Marketable Securities $500 Accounts receivable $6,000 Inventories $9,500 Current assets $16,000 Net property plant & equipment $17,000 Total $33,000 Accounts […]
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Finance Questions Questions 1. Pat purchased a used five-year class asset on March 15, 2009, for $60,000. He did not elect § 179 expensing. Determine the cost recovery deduction for 2009 for earnings and profits purposes. A) $2,000. B) $3,000. C) $6,000. D) $12,000. E) None of the above. 2. Bill is the regional manager
S.F. State FIN 355 Quiz 1 Multiple Choice Questions Finance 355: Investments QUIZ 1 Quiz Paper A 1, Quiz Paper B 16 Black Stone Mines stock returned 8, 16, -8, and 12 percent over the past four years, respectively. What is the geometric average return? a. 6.59 percent b. 7.36 percent c. 7.75 percent d.
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FIN 534 – MIDTERM 2 JG Asset Services is recommending that you invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures? Answer [removed] $1,781.53 [removed] $1,870.61 [removed] $1,964.14 [removed] $2,062.34 [removed] $2,165.46 Your bank account pays an 8% nominal
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