You want $100,000 after eight years in order to start a business.

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You want $100,000 after eight years in order to start a business. Currently you have $26,000 which may be invested to earn 7% annually. How much additional money must you set aside each year if these funds also earn 7% in order to meet your goal of $100,000 at the end of eight years? By how much would your answer differ if you invested the additional funds at the beginning of each year instead of at the end of each year?

Here's what I have figured out:

FV$1 (7%,n=8) 1.718
FVAnnuity$1 (7%,n=8) 10.260

$26,000 x 1.718 = $44,668
$100,000 - $44,668 = $55,332
END OF THE YEAR: 55,332 / 10.260 = $5,393
BEGINNING OF THE YEAR????? book answer says it is $5041 but none of my calculations come up with that.

Zara: Fast Fashion from Savvy Systems

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•Read chapter 3, “Zara: Fast Fashion from Savvy Systems,” in our text.
•Answer the following questions in your own words. Clearly label each answer 1-3:1.Describe Zara's strategy/business model, focusing on 3-4 elements that differentiate Zara from competitors such as Gap and H&M in the retail fashion industry
2.Describe specific ways Zara uses information technology to enable the strategy/business model elements you identified above. Remember to consider not only the hardware and software used by Zara, but the information that is produced and how that information enables Zara's decision making throughout its value chain (e.g., what products to offer, how much to manufacture, etc.)
3.Do you think Zara's strategy/business model is succeeding? How do you know? Provide support for your position (e.g., financial data, operating metrics, industry analyst opinions). Note that the fiscal year of Inditex (Zara's parent) ends January 31, so for financial data please ensure you use the latest quarter or year publicly reported. Use APA style to cite your sources.

Zora Neale Hurston

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Approaches to Literature

Paper #2

• Paper should be 4-5 pages long
• Times new roman, 12 pt font, standard margins
• Page numbers in the left hand corner
• Remember to adhere to the directions the prompt gives you
• You should use 3-4 direct quotes
• Paper should have proper MLA citations and a works cited page

Their Eyes Were Watching God – Zora Neale Hurston

Discuss the role of Eatonville in the story. How does it connect to Hurston’s own experience with her past and why is it shown in the light it is shown in throughout the story?

Choose one of the many motifs in Their Eyes Were Watching God, Janie’s hair, the mule, ect, to explain the connection between Janie’s gender and race and her role in the world as Hurston sees it in her narrative. 

Discuss the different kind of woman Janie is with Joe as compared with Tea Cake. Why might she be different with both men? How does this affect what kind of person Janie might be?

Week 2 Homework Assignment

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Week 2 Homework Assignment

Pick an administrative agency of either the federal or a state government. Find where the current and proposed regulation changes for that agency are located on the Internet (i.e., the Federal Register or the State Administrative Agency website.) The site regulations.gov is a good place to begin your research. Pick one proposed regulation change currently under consideration (if you find one that has already closed out but interests you, you can use that instead) and answer these questions regarding it.

1. 1.     State the administrative agency that controls the regulation. Briefly explain why this agency and your proposed regulation change interests you. Will this proposed regulation affect you or the business in which you are working? If so, how? (10 points)

Submit a copy of the proposed regulation along with your responses to these five questions. The proposed regulation can be submitted as either a separate Word document (.doc) or Adobe file (.pdf). This means you will submit two attachments to the Week 2 Dropbox: (a) a Word document with the questions and your answers, and (b) a copy of the proposed regulation you used for this assignment.

2. Describe the proposal or change. (10 points)

3. Write the public comment that you would submit for this proposal. If the proposed regulation deadline has already passed, write the comment you would have submitted. Explain briefly what you wish to accomplish with your comment. (10 points)

4. Provide the "deadline" by which the public comment must be made. (If the date has already passed, please provide when the deadline was). (5 points)

5. Answer the following questions with regards to your chosen proposal. Answer all of these questions even if you are in favor of this proposed regulation. (15 points)

a. Once you have submitted your comment, what will you be legally entitled to do later in the promulgation process (if you should choose to do so)? (See the textbook's discussion of the Administrative Procedure Act.)

b. If the proposal passes, identify and explain the five legal theories you could use in an attempt to have (any) administrative regulation declared invalid and overturned in court.

c. Which of these challenges would be the best way to challenge the regulation you selected for this assignment if you wanted to have the regulation overturned, and why?

d. Answer all of these questions under Item 5, regardless of whether you are in favor of your proposed regulation or not.

This homework should be 2–3 pages long and single spaced (for a total of 50 points). (There is a copy of a sample homework showing the beginning questions answered in Doc Sharing. This will give you some direction on how to complete this assignment; of course, you can't use the regulation listed in this sample.)

Week 4 Homework, Ch 10-13

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Week 4 Homework, Ch 10-13
Multiple choice (5 pts each) (highlight or clearly mark your answer)

1) Which of the following should be included in the cost of land?
a) cost to build sidewalks on the land
b) cost to clear the land of old buildings
c) cost of installing signage
d) cost of installing fences

2) Which of the following items should be amortized?
a) natural resources
b) goodwill
c) patents, copyrights, trademarks
d) tangible property, plant, and equipment, other than land

3) Maple Company had net sales of $200,550 for the year ended December 31, 2015. Its beginning and ending total assets were $75,200 and $110,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2015.
a) 0.46 times
b) 2.67 times
c) 1.18 times
d) 2.16 times


4) Which of the following is true of dividends?
a) Dividends are a distribution of cash, stock, or other assets to the stockholders.
b) Dividends increase assets and decrease total stockholders' equity of a corporation.
c) Dividend payments decrease paid-in capital.
d) Dividend payments increase stockholders' equity.


5) Which of the following is true of preferred stock?
a) Preferred shareholders generally receive a fixed amount of dividends before common stockholders do.
b) Preferred shareholders are guaranteed that they will not take a loss on their investment.
c) Preferred shareholders have higher voting rights than common shareholders.
d) Preferred shareholders may sell their shares for a price higher than that of common stock.

6) Hastings Company has purchased a group of assets for $15,000. The assets and their relative market values are listed below.

Land $6,500
Equipment 2,000
Building 9,000

Which of the following amounts would be debited to the Land account?
A) $1,962
B) $5,571
C) $1,714
D) $7,714



Problems (10 pts each) (please show your work for partial credit)

1) On January 1, 2015, Zade Manufacturing Company purchased a machine for $40,000,000. The company expects to use the machine for 24,000 hours over the next 6 years. The estimated sale value of the machine at the end of the sixth year is $40,000. The company used the machine for 3,600 hours in 2015 and 5,000 hours in 2016. What is the depreciation expense for 2015 and 2016 if the company uses the double-declining-balance method of depreciation? (Do not round your intermediate calculations.)


2) On January 1, 2015, Anodel Inc. acquired a machine for $1,000,000. The estimated useful life of the asset is 5 years. Residual value at the end of 5 years is estimated to be $50,000. Calculate the depreciation expense per year using the straight-line method.


3) Black n White Company purchased equipment for $45,000. The company recorded total depreciation of $36,000 on the equipment. On January 1, 2015, Black n White traded in the equipment for new equipment, paying $54,000 cash. The fair market value of the new equipment is $65,000. Journalize the company's exchange of equipment. Assume the exchange had commercial substance.


4) On October 1, 2015, Nurix Company purchased a patent for $200,000 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used for only 10 years. What will be the balance in the patent account on September 30, 2016?



5) Lerner Company had the following transactions in 2015, its first year of operations.

Issued 20,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $14.00 per share.
Issued 1,000 shares of $100 par value preferred stock. Shares were issued at par.
Earned net income of $35,000.
Paid no dividends.

At the end of 2015, what is the total amount of stockholders' equity?


6) Assume the following information for Petra Sales Company:

Common stock, $1.00 par, 200,000 issued, 180,000 outstanding
Paid-in capital in excess of Par—Common: $1,600,000
Retained earnings: $2,440,000
Treasury stock: 20,000 shares purchased at $12 per share

If Petra Sales purchases an additional 5,000 shares of treasury stock at $14 per share, what number of shares will be shown as issued and outstanding?



7) A company purchased a used machine for $10,000. The machine required installation costs of $1,000 and insurance while in transit of $500. At which of the following amounts would the machine be recorded?

Week 4 With the general data provided the following Financial Statements for ABC Company

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Week #4With the general data provided the following Financial Statements for ABC Company:

On January 1, 2013, ABC Company purchased a 10% bond having a maturity value of $600,000, for $647,912.52. The bond provides the bondholder with an 8% yield.
The bond is dated January 1, 2013 and mature January 1, 2018, with interest receivable December 31, each year.
The company uses the effective-interest method to allocate unamortized discount or premium.

Date

Interest paid
$600,000 x 10%

Effective Interest
Interest rate

1/1/2013
1/1/2014
1/1/2015
1/1/2016
1/1/2017
1/1/2018

60,000.00
60,000.00
60,000.00
60,000.00
60,000.00
60,000.00

0%
0%
0%
0%
0%

1-Jan-13 Dr. Bond
Cr. Cash

Interest
Expense

Amortization
of premium

-

Bond
carrying amount

(60,000.00)
(120,000.00)
(180,000.00)
(240,000.00)
(300,000.00)

60,000.00
60,000.00
60,000.00
60,000.00
60,000.00

-

31-Dec-13 Dr. Cash
Cr. Interest Revenue

-

31-Dec-13 Dr. Interest revenue
Cr. Bond

-

-

On January 1, 2013, ABC Company signed a 6-year, noncancelable lease for a Truck. The terms of the lease called for ABC Company to make annual payments of $10,000
at the beginning of each year, starting January 1, 2013. The truck has an estimated useful life of 7 years and zero residual value.
The truck reverts to the lessor at the end of the lease term. ABC Company uses the straight-line method of depreciation for all of its assets.
ABC Company's incremental borrowing rate is 9%, and the lessors implicit rate is unknown.

Week 5 Homework, Ch 14-17

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Week 5 Homework, Ch 14-17

Multiple choice (5 pts each) (highlight or clearly mark your answer)

1. 1.     Significant interest investments must be accounted for using the:
   1. a.     equity method.
   2. b.     consolidation method.
   3. c.     discounted cash flow method.
   4. d.     acquisition method.

1. 2.     Which of the following is a condition to record an investment as an available-for-sale security?
   1. a.     There should not be any annual cash flows from the investment.
   2. b.     It should have a maturity of less than two years.
   3. c.     It should be a debt security.
   4. d.     The ownership in the voting stock of the investee should be less than 20%.
2. 3.     When the market rate of interest on the date bonds are issued is higher than the face rate of interest on the bonds: 
   1. a.     The proceeds from the issuance of the bonds will be greater than the face value of the bonds
   2. b.     The bonds are issued at a premium
   3. c.     The bonds are issued at a discount
   4. d.     Both a and c are correct
3. 4.     A business's cash receipts and cash payments for a specific period are reported on a(n):
   1. a.     income statement.
   2. b.     balance sheet.
   3. c.     cash flow statement.
   4. d.     cash reconciliation statement

1. 5.     Preferred shareholders:
   1. a.     are guaranteed that they will not take a loss on their investment.
   2. b.     have higher voting rights than common shareholders.
   3. c.     are sold for a price lower than that of common stock.
   4. d.     have the first claim on dividend funds.

1. 6.     Which of the following statements is true of the direct and indirect methods of preparing the statement of cash flows?
   1. a.     The indirect method and the direct method will produce the same amount of net cash flow from operating activities.
   2. b.     The direct method begins with Net Income and adjusts to calculate operating and investing cash flows.
   3. c.     The indirect method shows three types of cash flows, but the direct method does not.
   4. d.     The operating activities section of both the direct and the indirect methods are the same.