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Author Question: Molly Costner deposits 2,500 in her checking account today. Her checking account pays interest of ... (Read 69 times)

ts19998

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on: Jul 10, 2018
Molly Costner deposits 2,500 in her checking account today. Her checking account pays interest of 2.5 compounded annually.
 
  Assuming Molly does not withdraw any funds and does not deposit any additional funds, how much will be in her account in 25 years?
  A) 4,096.54
  B) 3,750.00
  C) 4,102.52
  D) 4,634.86
  E) 4,062.50

Question 2

The balance sheet for the Long Drive Golf Company on September 30, 2010 is presented below:
 
  Long Drive Golf Company Balance Sheet
  September 30, 2010
  Cash 528,000 Accounts payable 1,568,000
  Accounts receivable 1,216,000 Notes payable 752,000
  Inventory 2,400,000 Total current liabilities 2,320,000
  Fixed assets 5,632,000 Long-term debt 2,336,000
  Common stock 3,200,000
  Total assets 9,776,000 Retained earnings 1,920,000
  Total liabilities and
  stockholders' equity 9,776,000
  The treasurer of the firm wants to issue 1,200,000 in long-term bonds to be used as follows:
  1. 240,000 to reduce accounts payable
  2. 192,000 to retire notes payable
  3. 128,000 to increase cash on hand
  4. 640,000 to increase inventories
  a. Assuming that the loan is obtained, construct a pro forma balance sheet for December 31, 2010, for Long
  Drive Golf Company that reflects the use of the funds provided.
  b. Was the liquidity of Long Drive Golf Company improved by the loan?
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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LP

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Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ts19998

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

bassamabas

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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