FIN 419 Week 5 Individual Assignment - Assignments from the Readings

Apr 24th, 2015
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FIN 419 Week 5 Individual Assignment - Assignments from the Readings

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Week 5 - Assignments from the ReadingsWeek 5 - Assignments from the ReadingsChapter 4: Problem 4.2Calculate the future value interest factor in each of the cases shown.According to Gitman (2006), .Case A = Case B = Case C = Case D = Chapter 4: Problem 4.3Use the future value interest factors in Appendix Table A-1 in each of the cases shown in the table on the facing page to estimate, to the nearest year, how long it would take an initial deposit, assuming no withdrawals, a. To double, b. To quadruple.Case Aa) Nearest to 10 years. b) Nearest to 20 years.Case Ba) Nearest to 2 years. b) Nearest to 4 years.Case Ca) Nearest to 4 years. b) Nearest to 8 years.Case Da) Nearest to 7 years. b) Nearest to 15 years.Chapter 12: Problem 12.4Barry Carter is considering opening a music store. He wants to estimate the number of CDs he must sell to break even. The CDs will be sold for $13.98 each, variable operating costs are $10.48 per CD, and annual fixed operating costs are $73,500.a. Find the operating breakeven point in number of CDs.According to Gitman (2006), . We must find sales quantity in units (Q). We are given fixed operating costs (FC) of $73,500, sales price per unit (P) of $13.98, and variable operating cost per unit (VC) of $10.48; therefore we have:The operating breakeven point in number of CDs is 21,000 CDs.b. Calculate the total operating costs at the breakeven volume found in part a.To find the total o

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