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You have a credit card with a balance of $10,900 and an APR of 17.1 percent compounded monthly. You have been making payments of $215 per month, but you have received a substantial raise and will increase your monthly payments to $265 per month. How many months quicker will you be able to pay off the account?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,670Cost of goods sold7,860Depreciation475Earnings before interest and taxes$ 1,335Interest paid108Taxable income$ 1,227Taxes258Net income$ 969 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 250$ 280Accounts payable$ 1,450$ 1,435Accounts received1,040940Long-term debt1,1201,320Inventory1,8701,725Common stock3,3803,310Total$ 3,160$ 2,945Retained earnings660910Net fixed assets3,4504,030 Total assets$ 6,610$ 6,975Total liabilities & equity$ 6,610$ 6,975 What is the quick ratio for 2024?

You made an investment of $15,000 into an account that paid you an annual interest rate of 3.8 percent for the first 8 years and 8.2 percent for the next 10 years. What was your annual rate of return over the entire 18 years? (Assume annual compounding.)

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 10,150Cost of goods sold8,000Depreciation375Earnings before interest and taxes$ 1,775Interest paid102Taxable income$ 1,673Taxes351Net income$ 1,322 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 290$ 310Accounts payable$ 1,600$ 1,892Accounts received1,1301,030Long-term debt1,0801,268Inventory1,8001,670Common stock3,3803,040Total$ 3,220$ 3,010Retained earnings660910Net fixed assets3,5004,100 Total assets$ 6,720$ 7,110Total liabilities & equity$ 6,720$ 7,110 Windswept, Incorporated, has 560 million shares of stock outstanding. Its price-earnings ratio for 2024 is 12. What is the market price per share of stock?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 10,150Cost of goods sold8,000Depreciation375Earnings before interest and taxes$ 1,775Interest paid102Taxable income$ 1,673Taxes351Net income$ 1,322 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 290$ 310Accounts payable$ 1,600$ 1,892Accounts received1,1301,030Long-term debt1,0801,268Inventory1,8001,670Common stock3,3803,040Total$ 3,220$ 3,010Retained earnings660910Net fixed assets3,5004,100 Total assets$ 6,720$ 7,110Total liabilities & equity$ 6,720$ 7,110 Windswept, Incorporated, has 560 million shares of stock outstanding. Its price-earnings ratio for 2024 is 12. What is the market price per share of stock?

One year ago, the Jenkins Family Fun Center deposited $5,300 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $7,100 to this account. They plan on making a final deposit of $9,300 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 8 percent?

One year ago, the Jenkins Family Fun Center deposited $5,000 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,800 to this account. They plan on making a final deposit of $9,000 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 8 percent?

You have a credit card with a balance of $10,900 and an APR of 17.1 percent compounded monthly. You have been making payments of $215 per month, but you have received a substantial raise and will increase your monthly payments to $265 per month. How many months quicker will you be able to pay off the account?

Your sister just deposited $12,500 into an investment account. She believes that she will earn an annual return of 10.2 percent for the next 9 years. You believe that you will only be able to earn an annual return of 9.6 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 9 years? (Assume annual compounding.)

One year ago, the Jenkins Family Fun Center deposited $5,000 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $6,800 to this account. They plan on making a final deposit of $9,000 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 8 percent?