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Calculations, TVM, Mill Rates, P/E Ratios, & Business Strategy

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Jose, Paul, and Dan went fishing. It was a good day, and all three caught a fish. Dan's fish weighed four times as much as Paul's fish, and Jose's fish weighed half as much as Dan's fish. Altogether, the three fish weighed 21 pounds. How much did each fish weigh?

What is the future value of an ordinary annuity of \$23,000 per year, for three years, at 10% interest compounded annually?

Given: Selling price of \$100.000; 20% down payment; 12% for 25 years. Calculate:

A. Amount of mortgage

B. Monthly payment

C. Interest portion of first payment

D. Principal portion of firs payment

What is the total amount of tax due on a property with an assessed value of \$109,400? The property tax rate is 35.4 mills.

As the founder and president of your new company, you must pull together a new management board. This board should consist of four VPs (finance, operations, marketing, and research and development) and yourself. Using your knowledge of teams, team characteristics, and the team development outline, how would you go about forming your team? Discuss what role each member would ideally undertake, and describe the key activities of the team.

Choose a company or other organization of which you have some internal knowledge. Prepare a simple strategic plan for that organization. The plan should include a mission, analysis of company position, objectives, and competitive differentiation.

A stock is selling for \$ 100 a share. The company earned \$5.00 a share and its current dividend is \$2.50 a share. What is the stock's P/E ratio?

A. 2.5 percent

B. 5.0 percent

C. 20

D. 40

What is the total amount of tax due on a property with an assessed value of \$109,400? The property tax rate is 35.4 mills.

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1. Jose, Paul, and Dan went fishing. It was a good day, and all three caught a fish. Dan's fish weighed four times as much as Paul's fish, and Jose's fish weighed half as much as Dan's fish. Altogether, the three fish weighed 21 pounds. How much did each fish weigh?

Given that,
Let,

So,

And,

We have,

Or,

Or,

So weight of Jose's=3 pounds
Weight of Dan's fish=4*3=12 pounds
And, weight of Jose's fish=2*3=6 pounds

2. What is the future value of an ordinary annuity of \$23,000 per year, for three years, at 10% interest compounded annually?

We have,
PV=\$23,000
Interest rate=10%
Years of maturity=3
So,

3. Given: Selling price of \$100.000; 20% down payment; 12% for 25 years. Calculate

A. Amount of mortgage
B. Monthly payment
C. Interest portion of first payment
D. Principal portion of firs payment

Given that,
Selling price=\$100,000
Down payment=20%
So, down payment amount=\$100,000*20%=\$20,000
Mortgage Amount=\$100,000-\$20,000=\$80,000
Interest rate=12%
Years of maturity=25
Mortgage table:
Monthly payment=\$10,200
Years Mortgage amount Monthly ...

Solution Summary

Calculations for TVM, mill rates, P/E ratios and business strategies are examined in the solution.

\$2.49