subject
Business, 07.05.2021 18:10 ajwiebel3475

Skyline Industries will need $1.8 million 5 years from now to replace some equipment. Currently, the firm has some extra cash and would like to establish a savings account for this purpose. The account pays 5.25% interest compounded annually. How much money must the company deposit today to fully fund the equipment purchase (no additional payments will be put into the account during the 5-year period)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:30
Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2
Answers: 2
question
Business, 22.06.2019 19:00
Why is accountability important in managing safety
Answers: 2
question
Business, 22.06.2019 21:30
Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.
Answers: 1
question
Business, 22.06.2019 23:50
The sarbanes-oxley act was passed to question 6 options: prevent fraud at public companies. replace all of the old accounting procedures with new ones. improve the accuracy of the company's financial reporting. both a and c
Answers: 3
You know the right answer?
Skyline Industries will need $1.8 million 5 years from now to replace some equipment. Currently, the...
Questions
question
Mathematics, 17.01.2021 04:20
question
Mathematics, 17.01.2021 04:20
question
Arts, 17.01.2021 04:20
question
Mathematics, 17.01.2021 04:20
question
Business, 17.01.2021 04:30
question
Social Studies, 17.01.2021 04:30
Questions on the website: 13722359