This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A company is technically insolvent when A) earnings before interest payments are less than the ... (Read 89 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jul 10, 2018
A company is technically insolvent when
 
  A) earnings before interest payments are less than the interest payments.
  B) it lacks the necessary liquidity to promptly pay its current debt obligations.
  C) current ratio is less than 1.0.
  D) cash outflows in a given period are greater than cash inflows.

Question 2

You are 30 years old and you want to retire at age 60 with 1.5 million. You are going to make equal annual deposits into your savings account at the end of each year in order to save up this money. Your savings account pays 8 interest.
 
  What amount must you deposit each year?
  A) 13,241.15
  B) 12,160.93
  C) 14,227.80
  D) 13,274.34
  E) 14,506.85


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jul 10, 2018
Answer to Question 1

B

Answer to Question 2

A


abc

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jul 10, 2018
Thank you :)


EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jul 10, 2018
Happy to help you


« previous next »
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ... A promissory note for $600.OO dated January 15, 2017. requires an interest payment of $120 00 ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Eczema

For a complete list of videos, visit our video library