Financial Math Answers

A) Back Alley Boys, Inc. had sales of $250,000, cost of goods sold of $80,000, depreciation expense of $27,000, and additions to retained earnings of $33,360. The firm paid out $30,000 in dividends. Assume a 34% income tax rate, what is the times interest earned ratio?

B) Using the following data, compute the value of cost of goods sold for Peterson Brewing:

Current liabilities=$340,000 quick ratio=1.8 inventory turnover=4.0 current ratio=3.3

Altman Corporation has interest expenses of $120,000 annually. Altman’s annual sales are $4 million, its tax rate is 25%, and its net profit margin on sales is 10 percent. What is Altman’s TIE?

How much interest will be added to Php75,000 at 2.25% due at the end of 9 months?

Q No 3: a). Altman Corporation has interest expenses of $120,000 annually. Altman’s annual sales are $4 million, its tax rate is 25%, and its net profit margin on sales is 10 percent. What is Altman’s TIE?

b). Back Alley Boys, Inc. had sales of $250,000, cost of goods sold of $80,000, depreciation expense of $27,000, and additions to retained earnings of $33,360. The firm paid out $30,000 in dividends. Assume a 34% income tax rate, what is the times interest earned ratio?

c). Using the following data, compute the value of cost of goods sold for Peterson Brewing:

Current liabilities=$340,000 quick ratio=1.8 inventory turnover=4.0 current ratio=3.3

The net present value (NPV) of the Konka-Future Shop is R14 983 and the profitability index (PI) is 1,034. Approximately how much is the initial investment in the shop?

• A. R14 983
• B. R7 366
• C. R440 676
• D. R15 492
• E. R14 490

How long it takes for 600 to amount 900 at an annual rate of 6% compound quarterly

Sarah had been contributing $300 pre-tax per month to a retirement account that pays 2.16% interest compounded monthly. After 10 years, she needs to withdraw 25% of the money from her account. If the early withdrawal penalty is 10% of the amount withdrawn, how much will she have to pay?

a. $1,003.59 b. $40,143.57 c. $4,014.36 d. $10,035.89

Sergio plans to retire in 15 years. He would like to have $250,000 in his retirement account. If he invests in a plan that pays 4.69% interest compounded monthly, how much should he contribute monthly?

a. $138.89 b. $277.88 c. $959.77 d. $560.23

On 21 January 2019 banang invested an amount in an account earning 6.5% simple interest. If she has R1200 available on 9 May 2019 then the amount that she invested on 21 Jan was

x 1 3 5 7 9

y 143 116 100 98 90

What is the correlation coefficient for the data set (rounded to two decimal places)?

• A. 6,20
• B. 1,00
• C. 0,00
• D. –0,93
• E. –0,62

2 months ago Michael deposited R9000 into savings account at a simple interest rate of 11.5% per year. He also deposited R5000 six months ago into another savings account earning 8% per year compounded half yearly. The total amount of Michael's savings in 3 years time is