Strayer Fin100 week 3 quiz (Perfect Answer) - 92990

Solution Posted by

anjis_devis

Rating : (20)B
Solution Detail
Price: \$16.00
• Posted on: Sun 23 Aug, 2015
• Request id: None
• Purchased: 0 time(s)
• Average Rating: No rating
Request Description
Solution Description

1. Which of these can be used by interested parties to identify changes in corporate performance?

Common-size financial statements

Industrialized financial statements

Sanitized financial statements

None of these

2. A deposit of \$300 earns interest rates of 7 percent in the first year and 10 percent in the second year. What would be the second year future value?

\$651.00

\$351.00

\$602.17

\$353.10

3. A small business owner visits his bank to ask for a loan. The owner states that she can repay a loan at \$1,500 per month for the next 3 years and then \$500 per month for three years after that. If the bank is charging customers 10 percent APR, how much would it be willing to lend the business owner?

\$61,982.47

\$32,019.95

\$192,119.70

\$57,980.57

4. Which ratio measures the number of dollars of sales produced per dollar of inventory?

Internal-growth

Inventory turnover

Asset management

Cash

5. Due to poor spending habits, Ricky has accumulated \$10,000 in credit card debt. He has missed several payments and now the annual interest rate on the card is 18.95 percent! If he pays \$175 per month on the card, how long will it take Ricky to pay off the card?

148.50 months

Ricky never pays off the card.

162.5 months

121.5 months

6. What is the present value of a \$7,000 payment made in six years when the discount rate is 4 percent?

\$5,290.42

\$5,802.82

\$6,103.73

\$5,532.20

7. What is the present value, when interest rates are 6.5 percent, of a \$100 payment made every year forever?

\$1,

Attachments