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This morning, Elizabeth Taylor walked into a Bank of America branch on the corner of Fairfax and Beverly in West Hollywood and deposited $1,455.65. Two years from today, Ms. Taylor walked into the bank again and deposited $2,366.78. Four years from today Ms. Taylor deposited $985.45 into the same account. How much money will Elizabeth Taylor have in her account in eight years from today if the account earns 4.25% per year and if she made her final deposit of $5,000.00 six years from today? Sarah Jessica Parker deposited $12,400 for seven years into a Chase Manhattan bank account that pays 5.36% annually. Compute the amount of interest on interest that Ms. Parker will earn on her deposit. Microsoft Corporation is steadily advancing its development of artificial intelligence. As part of its strategy, Microsoft has set its debt to equity ratio at 1.68. Compute Microsoft's total debt ratio. Nvidia Corp has hired Mr. Kevin Hart to promote its Al chips. However, the firm's accountant, Ms. Taylor Swift discovered that the firm's balance sheet shows firm's net fixed assets of $12,755 and $6,950 is currently recorded for its long-term debt. The firm also has $3,340 in inventory, $1,295 in accounts receivables, $7,555 in equity and $2,610 in cash. Ms. Swift wants you to compute Nvidia's current liabilities before the deal with Mr. Hart closes. Open Al released some of its income statement information and asked you to compute its depreciation expense. In particular, the firm reported $500,000 in revenues, has paid $42,813 in dividends and added $99,897 to retained earnings during the past three months. Further, the firm's tax rate is 33%, its recorded interest expense was $22,000 and the Open Al spent 50% of their revenues on costs of goods sold. This morning, Elizabeth Taylor walked into a Bank of America branch on the corner of Fairfax and Beverly in West Hollywood and deposited $1,455.65. Two years from today, Ms. Taylor walked into the bank again and deposited $2,366.78. Four years from today Ms. Taylor deposited $985.45 into the same account. How much money will Elizabeth Taylor have in her account in eight years from today if the account earns 4.25% per year and if she made her final deposit of $5,000.00 six years from today? Sarah Jessica Parker deposited $12,400 for seven years into a Chase Manhattan bank account that pays 5.36% annually. Compute the amount of interest on interest that Ms. Parker will earn on her deposit. Microsoft Corporation is steadily advancing its development of artificial intelligence. As part of its strategy, Microsoft has set its debt to equity ratio at 1.68. Compute Microsoft's total debt ratio. Nvidia Corp has hired Mr. Kevin Hart to promote its Al chips. However, the firm's accountant, Ms. Taylor Swift discovered that the firm's balance sheet shows firm's net fixed assets of $12,755 and $6,950 is currently recorded for its long-term debt. The firm also has $3,340 in inventory, $1,295 in accounts receivables, $7,555 in equity and $2,610 in cash. Ms. Swift wants you to compute Nvidia's current liabilities before the deal with Mr. Hart closes. Open Al released some of its income statement information and asked you to compute its depreciation expense. In particular, the firm reported $500,000 in revenues, has paid $42,813 in dividends and added $99,897 to retained earnings during the past three months. Further, the firm's tax rate is 33%, its recorded interest expense was $22,000 and the Open Al spent 50% of their revenues on costs of goods sold.
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Business Law and the Legal Environment
ISBN: 978-1285860381
7th edition
Authors: Susan S. Samuelson, Jeffrey F. Beatty
Posted Date:
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