assignment ch 9-10

assignment ch 9-10 - = 500,000 / 3.7908 = $131,898.28...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Syed Abdullah Mannan Introduction to Financial Accounting Date: 10-05-2011 Chapter 9 9-49 FV = PV (1+i)^n Rearranging terms to computer the present value: PV = FV / (1+i)^n i. 15,000 / (1 + .05)^5 = 11752.8 ii. 15,000 / (1 + .1)^5 = 9313.8 iii. 15,000 / (1 + .2)^5 = 6028.1 9-50 8% withdrawal annually will be = 500,000 / 3.9927 = $125,228.54 10% withdrawal annually will be
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: = 500,000 / 3.7908 = $131,898.28 Chapter 10 10-5 Cumulative dividends arent liabilities of the corporation because the directors can defer the preferred dividends indefinitely. 10-35 Preferred dividends (20X1, 20X2 and 20X3) = .07 x 3,000,000 x 3 = $630,000 Common Stock dividend for 20X3 = 1,000,000 630,000 = $370,000...
View Full Document

This note was uploaded on 11/02/2011 for the course LAW 501 taught by Professor White during the Spring '11 term at Oklahoma Christian.

Ask a homework question - tutors are online