FIN 571 TUTOR Let's Do This /fin571tutor.com FIN 571 TUTOR Let's Do This /fin571tutor.com | Page 17

6.What is the future value of $3,136 invested for 12 years at 6.50 percent
compounded annually?
7.What is the present value of $12,750 to be received 3 years from today if
the discount rate is 5.50 percent?
use this website:
http://www.moneychimp.com/calculator/present_value_calculator.htm
8. Six months ago, you purchased 1,200 shares of ABC stock for $21.20 a
share and have received total dividend payments of $.60 a share. Today,
you sold all of your shares for $22.20 a share. What is your total dollar
return on this investment?
9.Six months ago, you purchased 100 shares of stock in ABC Co. at a price
of $43.89 a share. ABC stock pays a quarterly dividend of $.10 a share.
Today, you sold all of your shares for $45.13 per share. What is the total
amount of your capital gains on this investment?
10.Which one of these accounts is classified as a current asset on the
balance sheet?
11.Shelton, Inc., has sales of $395,000, costs of $183,000, depreciation
expense of $48,000, interest expense of $29,000, and a tax rate of 40
percent. (Do not round intermediate calculations.)
What is the net income for the firm?
12.On a balance sheet, deferred taxes are classified as:
13. Which one of these equations is an accurate expression of the balance
sheet?
14.Galaxy United, Inc.
2009 Income Statement
15. The Purple Martin has annual sales of $4,600, total debt of $1,230, total
equity of $2,500, and a profit margin of 6 percent. What is the return on
assets?