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 91 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?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge
How to calculate simple interest (Part 1) How to calculate simple interest (Part 1)
How to calculate simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
How to calculate present value using the compound interest formula (Question 2) How to calculate present value using the compound interest formula (Question 2)
Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ... Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ...
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library