Finance Answers

Steve and Ed are cousins who were both born on the same day, and both turned 25 today.
Their grandfather began putting $2,500 per year into a trust fund for Steve on his 20th
birthday, and he just made a 6th payment into the fund. The grandfather (or his estate's
trustee) will make 40 more $2,500 payments until a 46th and final payment is made on
Steve's 65th birthday. The grandfather set things up this way because he wants Steve to
work, not be a "trust fund baby," but he also wants to ensure that Steve is provided for in his
old age. Until now, the grandfather has been disappointed with Ed, hence has not given him anything.
However, they recently reconciled, and the grandfather decided to make an equivalent
provision for Ed. He will make the first payment to a trust for Ed today, and he has instructed
his trustee to make 40 additional equal annual payments until Ed turns 65, when the 41st and
final payment will be made. If both trusts earn an annual return of 8%, how much must the
grandfather put

I have not get the answer for the question that I submit

Cosmic Communications Inc. is planning two new issues of 25-year bonds. Bond Par will be sold at its $1,000 par value, and it will have a 10% semiannual coupon. Bond OID will be an Original Issue Discount bond, and it will also have a 25-year maturity and a $1,000 par value, but its semiannual coupon will be only 6.25%. If both bonds are to provide investors with the same effective yield, how many of the OID bonds must Cosmic issue to raise $3,000,000? Disregard flotation costs, and round your final answer up to a whole number of bonds.

Last year Kruse Corp had $305,000 of assets, $403,000 of sales, $28,250 of net income, and a debt-to-total-assets ratio of 39%. The new CFO believes the firm has excessive fixed assets and inventory that could be sold, enabling it to reduce its total assets to $252,500. Sales, costs, and net income would not be affected, and the firm would maintain the same debt ratio (but with less total debt). By how much would the reduction in assets improve the ROE?

P=50-2Q C=25+10Q
Suppose the firm is able to separate its customers in two distinct markets with the following demand functions:
P1=40-2.5Q1 P2=90-10Q2
From the above equation calculate the following:
(i) Total Demand
(ii) Marginal Revenue
(iii) Marginal Cost

How must Bank A recognise this amount in its Financial Statements?
Central Bank deposited money to Bank A and Bank A gives all this deposit definite customers (defined by Central Bank) under guaranty of Ministry of Finance. Bank A only play role as an agent and get commission for this service. Must Bank A recognize this deposit amount as "due to customers in liabilities" and "loans and advances to customers" in assets? Or must it offset it and recognize nothing as the Bank A plays only role as an agent?Please refer to IFRS or GAAP if possible in your answers. Thanks in advance

The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.70, without affecting either sales or net income. Assuming that inventories are sold off and not replaced to get the current ratio to the target level, and that the funds generated are used to buy back common stock at book value, by how much would the ROE change?

Why does the date of the statement of financial position begin with “as at” whereas the date of the income statement begins with “year ended”?