Suppose you work for a technology company, and you are taking a business trip to Japan to purchase some parts. The Japanese use Yen for their currency. When you arrive in Japan, the manufacturers have listed the prices in Yen. To figure out how much you are spending, you will need to convert the prices in Yen to U. S. dollars. Currently one U. S. dollar equals 105.06 Yen. You use your spreadsheet to make this conversion. You enter a price in a cell and in another cell you enter a formula that multiplies the price by 105.06. Quickly you know how much it costs in U. S. dollars. Directions

Part 1: Select ten foreign currencies and find the current exchange rate. Since currency exchange rates change often, you will need to look up the exchange rates. You can call a bank or look for foreign currency exchange rates on the Internet or in a newspaper.

Part 2: Create a spreadsheet that lists the ten currencies you chose. For each currency, enter an amount and create a formula to convert it to U. S. dollars. Make sure to include dollar signs on appropriate cells.

Personal financial planning is the process of creating and achieving financial goals? true or false

Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?

Which plan offers a tax-free education?