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Finance HW Help?


TexasF355F1
09-28-2003, 04:47 PM
I hope there are some finance majors out there cuz I need some help with a few problems.

1) Given an accounts receivable turnover of 8 and annual credit sales of $362,000. The avg. collection period(360-day year) is:[HINT: Accounts Receivable Turnover=(Annual Credit Sales/Account Receivables)]
a. 90 days
b. 45 days
c. 75 days
d. 60 days

2)Which is the larges(in absolute terms) if interest rates are 10%?
a. present value of $100 after 5 years
b. present value of $100 annuity for 5 years
c. future value of $100 annuity for 5 years
d. future value of $100 after 5 years
Any help would be appreciated. Thanks :)

Amish_kid
09-28-2003, 05:00 PM
Damn if you just woulda asked this 2 years ago I probably coulda helped since I can't remember shit all from high school Accounting and Economics.

JeffForSale!
09-28-2003, 05:03 PM
Isnt there a Finance program on the TI83 Plus? :p i never did know what graphing calculators were for except for a less conspicious GameBoy :licka:

TexasF355F1
09-28-2003, 05:24 PM
I have a finance calculator its just I can't come up with the right answers. Its like the last two problems I need to, lol.

HogieGT-R
09-29-2003, 12:27 AM
Isnt there a Finance program on the TI83 Plus? :p i never did know what graphing calculators were for except for a less conspicious GameBoy :licka:

oh yess...tell me how many Algebra 2 classes i blew off playing Tetris and Galaxian...i need to get them back though because they somehow got erased :eek7:

GTStang
09-29-2003, 04:12 AM
Wow... Sorry I took Finance 3 years ago, it all looks so familiar too :banghead:

TexasF355F1
09-29-2003, 09:52 AM
Thanks anyways guys. I figured it would be luck if someone knew or remembered college finance. I'm just gonna get to class early today and get the answers from someone. Thanks again anyways.

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