At the beginning of the year, Smidovec Plumbing had current liabilities of $15,932 and total debt of $68,847. By year end, current liabilities were $13,870 and total debt was $72,415. What is the amount of net new borrowing for the year?

You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $38,000. You feel you can earn an APR of 10.6 percent compounded monthlyand plan to save $470 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation?

Financial planning:

You have just received an offer in the mail from Friendly Loans. The company is offering to loan you$4,500 with low payments of $80 per month. If the interest rate on the loan is an APR of 14.3 percent compounded monthly, how long will it take for you to pay off the loan?

Kiefer Service Company common stock sells for $36.84 per share and has a market rate of return of 15.8 percent. The company just paid an annual dividend of $1.61 per share. What is the dividend growth rate?

You have just deposited $13,500 into an account that promises to pay you an annual interest rate of 7 percent each year for the next 6 years. You will leave the money invested in the account and 10 years from today, you need to have $26,400 in the account. What annual interest rate must you earn over the last 4 years to accomplish this goal?

A Treasury bond is quoted at a price of 101.4621. What is the market price of this bond if the face value is $5,000?

All else constant, an increase in which of the following must increase the return on equity?

The need for external financing:

Both Archer’s and Burger Bar have price-earnings ratios of 16.2. However, Archer’s has a higher PEG ratio than Burger Bar. It must be true that Archer’s ______ than Burger Bar.