1 charles llc has base sales of 100 and depreciation, Ask an Expert

Finance

1. Charles LLC has base sales of 100 and depreciation expense is 20% of sales. Assuming a 20% increase in sales, depreciation expense for the first pro forma year is

A. 22

B. 24

C. 26

D. 28

2. Adrian Ardell is saving for a new guitar. How much must Adrian set aside now to receive $4000, 7 years from now using a compound interest rate of 8% annually?

A. $2400

B. $2334

C. $2411

D. $2500

E. None of the above

3. Thomas Short expects to receive $2000 at the end of four years. What is the present value of this amount assuming a 10% annual compound interest rate (rounded to the nearest dollar)

A. $1730

B. $1366

C. $1210

D. $1114

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93059633

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