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Old 09-28-2003, 04:47 PM
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Finance HW Help?

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
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Old 09-28-2003, 05:00 PM
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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.
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Old 09-28-2003, 05:03 PM
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Re: Finance HW Help?

Isnt there a Finance program on the TI83 Plus? i never did know what graphing calculators were for except for a less conspicious GameBoy
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Old 09-28-2003, 05:24 PM
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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.
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Old 09-29-2003, 12:27 AM
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Re: Re: Finance HW Help?

Quote:
Originally Posted by JeffForSale!
Isnt there a Finance program on the TI83 Plus? i never did know what graphing calculators were for except for a less conspicious GameBoy
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
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Old 09-29-2003, 04:12 AM
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Wow... Sorry I took Finance 3 years ago, it all looks so familiar too
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Old 09-29-2003, 09:52 AM
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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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