FIN/571 WEEK 6 ASSIGNMENT

FIN/571 WEEK 6 ASSIGNMENT

If the future value of a one-period investment is given by the formula, F = I + (I × R), what is the formula for the amount of the investment, I? - I = F/(1 + R)

The opposite process rule says to solve for ________. - an unknown variable by reversing the process used to form the original equation

When solving for an unknown that involves more than one process, the multiple process rule requires that ________. - the variable is first isolated on one side of the equals sign

If the future value of a one-period investment is given by the formula, F = I + (I × R), what is the formula for the rate of interest, R? - R = (F - I)/I

If the bank returns $50 on a $1,000 deposit after one year, what is the interest rate earned on this deposit? - 5%

What is the total amount of current assets to be reported on XYZ Company's 12/31/X1 classified balance sheet? - $112,800

What is the total amount of long-term assets to be reported on XYZ Company's 12/31/X1 classified balance sheet? - $115,600

What is the total amount of current liabilities to be reported on XYZ Company's 12/31/X1 classified balance sheet? - $22,600

What is the ending balance in retained earnings to be reported on XYZ Company's 12/31/X1 classified balance sheet? - $72,100

What is the total amount of stockholders' equity to be reported on XYZ Company's 12/31/X1 classified balance sheet? - $154,100

A business acquaintance promises to deliver a $20 bill to you one year from today. How much should you be willing to pay today for this promise? - Less than $20

What is the present value of $1,000 received three years from today if interest rates are currently 6 percent? - $839.62

What is the interest rate on a three-year investment with a future value of $1000 and a present value of $863.84? - 5%

The product rule of exponents says that when multiplying two powers that have the same base, you need to ________. - add the exponents

The fifth root of fifteen is equal to ________. - 15 raised to the power of 1/5

You are working on an Excel table and realize that you need to add a row to the middle of your table. What is one way to do this? - Highlight the row, then click on the Insert Cells button under the Home ribbon.

You are working on an Excel table and realize that you need to add a single cell to your table. What is one way to do this? - Highlight the cell, then click on the Insert Cells button under the Home ribbon.

You are working on an Excel table and realize that you need to delete a column in the middle of your table and shift the remaining data columns to the left. What is one way to do this? - Highlight the column, then click on the Delete Cells button under the Home ribbon.

You are valuing an investment that will produce cash flows of $10,000 each year for 15 years. What is the quickest way to enter $10,000 into each of the 15 cells of your table? - Type $10,000 into the first cell, then highlight that cell and use your cursor to drag the fill handle through the remaining 14 cells.

You have three tables in a worksheet in Excel. You need to sort one of the tables numerically, from smallest to largest values. How can you do this? - Highlight the table, then click on the Data ribbon and find the Sort & Filter button. Use the Custom Sort option to sort from smallest to largest.

________ are items owed to a creditor. ________ are items owned by a company.

________ represents owners' claims to company resources. - Liabilities; Assets; Stockholders' equity

Under ________ accounting, revenues are recorded when earned and expenses are recorded with related revenues. Under ________ accounting, revenues are recorded when cash is received and expenses are recorded when cash is paid out. Financial statements are prepared using ________ accounting. - accrual-basis; cash-basis; accrual-basis

The