Your local pawn shop lends money at an annual rate of 24 percent compounded weekly. What is the effective annual rate being charged on these loans?

HUD Company had a beginning retained earnings of $29,630. For the year, the company had net income of $6,365 and paid dividends of $2,455. The company also issued $4,305 in new stock during the year. What is the ending retained earnings balance?

A bond with a par value of $5,000 is quoted at 102.088. What is the dollar price of the bond?

During the past year, a company had cash flow to stockholders, an operating cash flow, and net capital spending of $16,045, $38,440, and $17,460, respectively. The net working capital at the beginning of the year was $6,735 and it was $8,330 at the end of the year. What was the company’s cash flow to creditors during the year?

Grace is retiring today and has $300,000 in her retirement savings. She expects to earn 8.5 percent per year compounded monthly. How much can she withdraw from her retirement savings each month if she plans to spend her last penny 17 years from now?

Whipple Corporation just issued 275,000 bonds with a coupon rate of 5.99 percent paid semiannually that mature in 20 years. The bonds have a YTM of 6.43 percent and have a par value of $2,000. How much money was raised from the sale of the bonds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole dollar amount.)

Whatever, Incorporated, has a bond outstanding with a coupon rate of 5.56 percent and semiannual payments. The yield to maturity is 6.7 percent and the bond matures in 11 years. What is the market price if the bond has a par value of $1,000?

Assume you work for an employer who will contribute $60 a week for the next 20 years into a retirement plan for your benefit. At a discount rate of 9 percent, what is this employee benefit worth to you today?

At the beginning of the year, Vendors, Incorporated, had owners’ equity of $51,410. During the year, net income was $7,550 and the company paid dividends of $5,010. The company also repurchased $9,510 in equity. What was the owners’ equity account at the end of the year?

Last year, Bad Tattoo Company had additions to retained earnings of $5,205 on sales of $96,785. The company had costs of $76,545, dividends of $3,280, and interest expense of $2,440. If the tax rate was 21 percent, what the depreciation expense?