How much must you invest today at 8% interest in order to see your investment grow to $8,000 in 10 years?
A) $3,070
B) $3,704
C) $3,105
D) $17,272
B) $3,704
= $8,000 × 0.463 = $3,704
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Megastar Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $18.25 per share.
What would be the balance in the Common Stock account after the issuance of a 10% stock dividend?
A) $334,000
B) $604,800
C) $739,200
D) $672,000
Use the direct method to compute the cash paid to suppliers. (Accrued Liabilities relate to operating expenses.)
Jump Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for 2019: Cost of Goods Sold, $150,000 Merchandise Inventory, beginning balance, $26,000 Merchandise Inventory, ending balance, $64,000 Accounts Payable, beginning balance, $8100 Accounts Payable, ending balance, $5000 Operating expenses, $31,000 Accrued Liabilities, beginning balance, $2500 Accrued Liabilities, ending balance, $6400 A) $162,800 B) $164,000 C) $191,100 D) $218,200
Referring to Table 8-5, if we were to frame this as a linear programming problem, the objective function would be
A) maximize 9B + 12T. B) maximize 9T + 12B. C) minimize 10T + 10B. D) maximize 12T + 10B. E) None of the above
A company’s pre-money valuation is $500,000 and the post-money valuation is $600,000. How much did the angel invest?
a. $5,000 b. $50,000 c. $100,000 d. it cannot be determined