Archive for July, 2006
Certificate Of Deposit Safety
July 20th, 2006
Question: part2 investment prob.?
1) A deposit was made into a 7% annual simple interest account. Another deposit, $ 15,000 less that the first, was placed in a Certificate Of Deposit earning 9% annual simple interest. The total interest earned on both investments for one year was % 5,050. How much money was deposited in the Certificate Of Deposit?/
2) A corporation gave a university $ 300,000 to support product safety research . The university deposited part of it in a 10% simple interest account and the remainder in a 8.5% corporate bonds. How much is invested in each account if the annual interest is $ 28,500???
show your solution and the represent example A=x=4,000
Answer: Question 1
.07x + (x – 15,000) x .09 = $5050
.07x + .09x – 1350 = 5050
.16 x = 6400
x = $40,000
The second amount is therefore $40,000 – $15,000 = $25,000 (at 9%)
Question 2
.10 x + (300,000 – x) x .085 = $28,500
.10x + 25,500 – .085x = $28,500
.015x = $3000
x = $200,000
The second amount is therefore (300,000-200,000) or $100,000 (at 8.5%)
http://www.CaliforniaAnnuityFAQ.com – COMMENTARY: ‘Safe’ Investments – How Risky Are They?
Posted in Certificate of Deposit | 
Tags: bank, banking, cd, certificate of deposit safety, finance, safety | 
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Short Term Investments 2010
July 10th, 2006
Question: INCOME STATEMENT HW HELP?
HELLO im trying to do an income statement for this company.
Kell Interprise effective as of its april 30 2010 year-end.
ACCOUNT PAYABLE $834
ACCOUNT RECIEVABLE 810
BUILDING NET OF ACCUMULATED DEPRECIAION 1,537
CASH 1,279
COMMON STOCK 900
COST OF GOODS SOLD 990
CURRENT PORTION OF LONG TERM DEBT 450
DEPRECIATION EXPENSE 335
DIVIDENDS 325
EQUIPMENT,NET OF ACCUMULATED DEPRECIATION 1,220
INCOME TAX EXPENSE 165
INCOME TAXES PAYABLE 135
INTEREST EXPENSE 400
INVENROTIES 967
LAND 2,100
LONG TERM DEBT 3,500
PREPAID EXPENSES 12
RETAINED EARNINGS, BEGINNING 1,600
REVENUES 4,600
SELLING EXPENSES 210
Short Term Investments 1,200
WAGES EXPENSE 700
WAGES PAYABLE 222
I NEED TO DO A INCOME STATEMENT AND A RETAINED EARNINGS STATEMENT.. PLEASE HELP I’M HALF WAY WITH THIS BUT IM NOT SURE IF MY ANSWER IS RIGHT
Answer: that is a lot of work 
Investment Tips for the Year 2010 (Part 2)
Posted in Short Term Investments |
Tags: best short term investments 2010, education, games, math, science, short term investments 2010, technology |
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Short Term Investments Assets
July 10th, 2006
Question: McCord Corporation spreadsheet for statements?
Sales $348,600
Cost of goods sold 229,150
Gross profit $119,450
Operating expenses 52,500
Interest expense 3,100
Income before taxes $63,850
Income taxes 15,800
Net income $48,050
McCORD CORPORATION
Balance Sheet
December 31, 2005
Assets
Cash $9,000
Short-term investments 7,400
Accounts receivable, net 28,200
Notes receivable (trade) 3,500
Merchandise inventory 31,150
Prepaid expenses 1,650
Plant assets, net 152,300
Total assets $233,200
Liabilities and Equity
Accounts payable $16,500
Accrued wages payable 2,200
Income taxes payable 2,300
Long-term note payable, secured
by mortgage on plant assets 62,400
Common stock, $1 par value 90,000
Retained earnings 59,800
Total liabilities and equity $233,200
Balances on December 31, 2004:
Inventory $32,400
Assets 182,400
Common stock 90,000
Retained earnings 31,300
Check figures:
Acid-test ratio 2.3
Inventory turnover 7.2
Answer: I’ve sent the file to the email address you gave me.
Personal Investment & Loan Tips : Short-Term Secured Loan Tips