Ma Practice Question Essay Example

Ma Practice Question Paper Practice Questions: Time Value of Money (TVM) Its Applications in Investments 1. Jose now has $500. How much would he have after 6 years if he leaves it invested at 5. 5% with annual compounding? a. $591. 09 b. $622. 20 c. $654. 95 d. $689. 42 e. $723. 89 N6 I/YR5. 5% PV$500 PMT$0 FV$689. 42 2. How much would $5,000 due in 25 years be worth today if the discount rate were 5. 5%? a. $1,067. 95 b. $1,124. 16 c. $1,183. 33 d. $1,245. 61 e. $1,311. 17 N25 I/YR5. 5% PMT$0 FV$5,000 PV$1,311. 17 3. Suppose the U. S. Treasury offers to sell you a bond for $747. 5. No payments will be made until the bond matures 5 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price? a. 4. 37% b. 4. 86% c. 5. 40% d. 6. 00% e. 6. 60% N5 PV$747. 25 PMT$0 FV$1,000. 00 I/YR6. 00% 4. You sold a car and accepted a note with the following cash flow stream as your payment. What was the effective price you received for the car assum ing an interest rate of 6. 0%? Years:01234 ||||| CFs:$0$1,000$2,000$2,000$2,000 a. $5,987 b. $6,286 c. $6,600 d. $6,930 e. $7,277 I/YR = 6. 0% 01234 CFs:$0$1,000$2,000$2,000$2,000 PV of CFs:$0$943$1,780$1,679$1,584 PV = $5,987Found using the Excel NPV function. PV = $5,987Found by summing individual PVs. PV = $5,987Found using the calculator NPV key. 5. At a rate of 6. 5%, what is the future value of the following cash flow stream? Years:01234 ||||| CFs:$0$75$225$0$300 a. $526. 01 b. $553. 69 c. $582. 83 d. $613. 51 e. $645. 80 I/YR = 6. 5% 01234 CFs:$0$75$225$0$300 FV of CFs:$0$91$255$0$300 FV = $645. 80Found by summing individual FVs. FV = $645. 80Found with the NFV key in some calculators. FV = $645. 80Found with a calculator by first finding the PV of the stream, then finding the FV of that PV. PV of the stream:$501. 99 FV of the PV:$645. 80 6. What’s the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually? a. $1,819 b. $1,915 c. $2,016 d. $2,117 e. $2,223 Years5 Periods/Yr2 Nom. I/YR6. 0% N = Periods10 PMT$0 I = I/Period3. 0% PV = $1,500 Could be found using a calculator, an equation, or Excel. FV = $2,016 Note that we must first convert to periods and rate per period 7. We will write a custom essay sample on Ma Practice Question specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Ma Practice Question specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Ma Practice Question specifically for you FOR ONLY $16.38 $13.9/page Hire Writer An investor plans to buy a common stock and hold it for two years. The investor expects to receive $1. 5 in dividend a year and $26 from the sales of the stock at the end of year 2. If the investor wants a 15% return (compound annually), the maximum price the investor should pay for the stock today is roughly: A). $24 B). $28 C). $22 D). $32 E). $26 C). $22 (n=2, pmt = 1. 5, fv = 26, I = 15%, PV = ? ) 8. Morin Companys bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 8. % on these bonds. What is the bonds price? a. $903. 04 b. $925. 62 c. $948. 76 d. $972. 48 e. $996. 79 N8 I/YR8. 2% PMT$65 FV$1,000 PV$903. 04 9. Sadik Inc. s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call (YTC)? a. 6. 63% b. 6. 98% c. 7. 35% d. 7. 74% e. 8. 12% N5 PV$1,180 PMT$105 FV$1,100 I/YR = YTC7. 74% 10. Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9. %. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 8. 4% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? a. $1,105. 69 b. $1,133. 34 c. $1,161. 67 d. $1,190. 71 e. $1,220. 48 Par value$1,000 Coupon rate9. 5% Periods/year2 Yrs to maturity20 Periods = Yrs to maturity ? Periods/year40 Required rate8. 4% Periodic rate = Required rate/2 = I/YR4. 20% PMT per period = Coupon rate/2 ? Par value$47. 50 Maturity value = FV$1,000 PV$1,105. 69

Sample Why Us? Essay

Sample Why Us? EssayYou need to write a sample Why Us? Essay on application to your medical school. The reason for the sample varies and will be determined by your medical school.Medical schools have a lot of students applying to their school and as such they need an essay that is as simple as possible. This is going to help them decide who to admit.Your needs are going to be determined by your specific requirements for admissions into the medical school. You need to answer a couple of questions so that the admissions committee knows what you want.The first question in the sample Why Us? The essay is about your life prior to the beginning of medical school. This essay can range from birth to six months after medical school starts, but it is important to include all of the information they ask for.The second question is a follow up for the sample essay. The committee will want to know if you still live in the area where you were applying to medical school. This will help them determin e if you live in the neighborhood where you will be living when you attend medical school.Finally, the applicant is going to be asked if he or she has attended college. There are many different types of programs offered and this is the only true indication as to whether or not the applicant will be attending college after medical school. It is very important to answer this question for both the type of program they offer and the type of degree they are hoping to receive.Your personal statement, why us? The essay is also a very important part of your application. It is used to spell out what exactly you hope to gain from medical school.Your sample Why Us? Essay should be as concise as possible.

Gingerbread house essays

Gingerbread house essays Once you've decided on a pattern, the next step in creating a gingerbread house is making and baking the gingerbread dough. The dough recipe below will make two or three small houses, but if you only want to make one, you can use the rest for cookies. Heres what you need: Optional ingredients: a dash of cardamom, allspice or cloves Put the molasses, shortening and sugar into a pot and set it on the stove over medium heat. You want to cook these wet ingredients until they are well blended, for approximately 10-15 minutes. Stir them occasionally. While this is cooking, work on your dry ingredients. Put 4 cups of flour in a bowl. Youll have a fifth cup of flour left over for later use. Now its time to add the cinnamon, ginger and nutmeg. You can also add a little cardamom, allspice or cloves if you want. Finally, add the baking soda. Go ahead and preheat your oven to 350 degrees. Lightly grease your cookie sheet and kneading surface. Most recipes will tell you to lightly flour your kneading surface, but lightly greasing it tends to be more effective in keeping your dough from sticking. You are now ready to mix the wet ingredients with the dry ingredients. Use a spoon to mix it until you have a nice, round ball of gingerbread dough. Youll have to start using your hands when it gets too thick to stir. Now youre going to use your fifth cup of flour not all of it, just a little bit at a time. Too much flour will make your dough too crumbly. Divide the dough into two or three sections and roll a section on the greased surface. Get the dough down to about 1/8 inch thick. Cover both sides of each pattern piece with shortening and ...

Model employed by Massive Inc Essay Example | Topics and Well Written Essays - 2000 words

Model employed by Massive Inc - Essay Example It will also help publishers offset the skyrocketing costs of video game development, which can in turn benefit gamers, keeping game prices affordable and opening the door to free game play, free content, tournaments and other possibilities that add realism and entertainment value to the overall game experience. The gamming industry in Australia stretches decades of years back. Over time and again games industry has earned a reputation for quality in a vast wide world market hungry for the new content. The government on the other hand has been very supportive by realising that digital games create growth and generate jobs for many people including developers, hardware manufacturers, publishers and retailers, it has resorted to developing a large and thriving 'high-tech' sector by funding strategies through providing Sony PlayStation 2 and Xbox Development Kits to local companies that would usually not be able to afford them and grab a bigger share of the market. This has been promulgated funding local game content through Film Victoria's Digital Media Fund. In a nut shell the Australian games industry is made up of over 40 companies employing more developers. 2The amalgamation encompassing local branches of large international publishers, established larger local companies, plus smaller and newer companies that only have a few employees is also a monumental key driver in the Australian game industry since three quarters of these companies are in the business of developing games. A growing number of tertiary institutions that offer Diploma and Degree courses in games development are meant to create a bridge in the technical expertise in the gaming industry by focussing and teaching strictly on the design aspects of games while others take an IT and programming-based approach. Potential Vulnerability. The worst anathema facing games industry, according to trade body the Interactive Entertainment Alliance of Australia (IEAA), is piracy. Which represents 15 of the top game platform holders and publishers, including Electronic Arts, Vivendi, Sony Computer entertainment, Nintendo and recent joinee Nokia Research commissioned by the IEAA in 2002, estimated the cost of piracy at $100million a colossal figure that was growing with the economy. The widespread availability and low cost of CD burners had clearly facilitated the growth of these sources of pirated product, the IEAA claims. The impact of computer markets on the games retail channel varied across Australia, according to retailers contacted by. One publisher that confirmed it would ship unclassified games to Australia is running with Scissors, a small US game publisher whose game Postal was banned in Australia in 1997. Any local publishers did not pick up the sequel, Postal 2, and thus it was not submitted for a rating through t he OFLC. Popular web auction site eBay is another avenue in which buyers can obtain banned games, either domestically or from overseas. And the infiltration of illegal games. Hot spots for the sale of pirated games and mod chipping in Sydney include Liverpool, Campbell town and Flemington, says distributor Tech Pacific's games category manager Nathan Dingle. Description & analysis of the online market in

Assessment for Managerial Accounting Term Paper

Assessment for Managerial Accounting - Term Paper Example Due to this particular fact, the prices of the material as a percentage of sales have decreased. Keeping the reorganization into consideration, the sales revenue will increase due to the increase in the production. In the first phase of the cycle, all the committed costs are incurred. Committed or locked in costs are those cost that have not been incurred currently, but they will be incurred in the future based on the decisions that have already been taken in relation to the product. The examples of cost incurred in the first phase of the product life cycle designing are cost product’s material and labor input and the production process. These costs are very difficult to alter once they have been committed to. In the second phase of the product life cycle costing, cost incurred is included. Costs are incurred when a resource is used or sacrificed. In the second phase of the cycle, only such costs are recorded that have been incurred. An analysis of the life cycle costing system would present the fact that 80% of the cost of any product is committed into in the first phase of the cycle, whereas the second phase of the cycle present such cost which have been incurred. Majority of these costs are the same which were already committed in the first phase of the project. In the life cycle costing cost can be effectively managed in the first phase of the cycle in which the planning of the product design and planning takes place. In the third phase of the product life cycle, the post sales service cost are estimated such as warranty costs, installation charges and the cost for discontinuing the operations at the end of the economic life cycle of the product. In the traditional product costing system, the management accounting systems are focused primarily on the manufacturing stage of a product’s life cycle. The cost which have been incurred before manufacturing, such as the research and

Tim Burton Analytical Essay Example for Free

Tim Burton Analytical Essay The dark lighting showed Edwards loneliness, however, the bright lighting of the town and Pegs house showed how he was able to create a relationship with the towns people, which he was unable to do previously in the tower. In Charlie and the Chocolate Factory, Wonka did not have a good relationship with his father, so the flashbacks of his childhood are in a darker light. The dark lighting in Charlie and the Chocolate Factory and Edward Scissorhands stresses the importance of relationships. In accordance with dark lighting, Burton also uses contrasting sets exemplify the mportance of relationships. In Big Fish, when Edward Bloom unexpectedly arrives in Spectre for the first time, the town is green and lush with vegetation, and the townspeople are happy and worry free. While he was in Spectre, he promised a little girl he would return. However when he returned after many years, the town was barren and businesses were closed. This contrasting set shows he was not there for the town when they needed him; therefore the town was barren when he returned for the second time. In Charlie and the Chocolate Factory, Wonka creates an amazing hocolate factory to substitute the happiness of having a good relationship with his father. Contrastingly, Charlies house may not be as extravagant as the factory, but Charlie has a loving family. The opposing sets between the factory and Charlies home shows the importance of relationships. In Big Fish and Charlie and the Chocolate Factory, contrasting sets show the importance of relationships Moreover, the use of close ups exemplifies the importance of relationships. In Big Fish, when Edward Bloom is lying in the hospital bed, and Will Bloom, Edwards son, inished the story of his fathers fantasy death, there is a close up of Wills face. Will knows his father is going to die and that all of the tall tales that his father told were true. The close up shows that if Will had trusted his father, they would have a better relationship. In Charlie and the Chocolate Factory, whenever the conversation of parents began, Wonka would act uncomfortable. From afar the viewer does not see the sadness, but the close up shows the sadness in his eyes. Wonka is sad he does not have a good relationship with his father, therefore the close up shows that elationships are important. In Big Fish and Charlie and the Chocolate Factory, the close ups of the characters show the importance of relationships. Burton has a passion for making movies, and he puts all of his effort into creating extravagant sets and costumes in his movies. As seen in Big Fish, Edward Scissorhands, and Charlie and the Chocolate Factory, Burton creates personal messages to convey his inner feelings. In these movies, Tim Burton utilizes dark lighting, contrasting sets, and close ups to epitomize the importance the importance of relationships.

The Internet and the Catholic Church Essay -- Exploratory Essays Resea

This essay addresses the question: Does more harm than good come from the internet? And the answer is sought from the largest Christian denomination (one billion members) - the Catholic Church. There is no condemnation of the internet by this church body; rather the Vatican, official voice of the Catholic Church, maintains that the internet is "not a threat"(Church). Calling the Internet an opportunity and a challenge and not a threat, the Vatican issued two documents encouraging the church to embrace the technology and help guide it to benefit all humanity. The documents said the Internet's interactive nature could help the church achieve the vision of communication between its members, moving away from the one-way, top-down communication of the past. Among practical responses to potential ethical and social problems related to the Internet, the documents recommended more industry self-regulation, a voluntary church "certification" of sites that call themselves Catholic, and careful supervision of children's Web surfing(Ethics). The two 27-page documents, "Ethics in Internet" -- a reflection on ethical issues -- and "The Church and Internet" -- an assessment of online pastoral opportunities -- were released at a Vatican press conference. The documents were prepared by the Pontifical Council for Social Communications. Russell Shaw, a U.S. journalist who serves on the council, headed the drafting process. The Internet ethics document emphasized the technology's tremendous power and opportunities, saying it could help bring together every person on the planet in a "world governed by justice and peace and love"(Ethics) "Today it takes no great stretch of the imagination to e... ... Internet than their elders, it said good parenting might require adults to improve their Internet fluency. The fundamental parental duty here is to help children become discriminating, responsible Internet users and not addicts of the Internet, neglecting contact with their peers and with nature itself. It recommended that parents install filtering technology in computers that are available to children "to protect them as much as possible from pornography, sexual predators and other threats"(Church). WORKS CITED: Church and the Internet http://www.vatican.va/roman_curia/pontifical_councils/pccs/index.htm. Ethics in Internet http://authors.va.mondosearch.com/cgi-bin/MsmFind.exe?CFGNAME=MssFind.cfg&QUERY=ethics+in+internet&EN=X&FR=X&DE=X&IT=X&PT=X&ES=X&NO_DL=X