TASK
- What is the goal of financial management?
- What are the three main questions to be addressed if you wanted to start your own business?
- Prepare a balance sheet for Alaskan Salmon Corp. as of December 31, 2022, based on the following information: cash = $186,000; patents and copyrights = $784,000; accounts payable = $264,000; accounts receivable = $239,000; tangible net fixed assets = $4,743,000; inventory = $521,000; notes payable = $181,000; accumulated retained earnings = $4,209,000; long term debt = $1,512,000.
- California Inc., has sales of $14.2million, total assets of $11.3 million, and total debt of $4.9 million. If the profit margin is 5%, what is net income? What is ROA? What is ROE?
- You are scheduled to receive $10,000 in two years. When you receive it, you will invest it for six more years at 6.8% per year. How much will you have in eight years?
- You expect to receive $30,000 at graduation in two years. You plan on investing it at 9% until you have $140,000. How long will you wait from now?
- You have decided that you want to be a millionaire when you retire in 45 years. If you can earn an annual return of 11.8%, how much do you need to invest today? What if you can earn 5.9%?
