The 'time value of money' is (along with 'risk and return' and the importance of options) one of the core concepts in finance. This concept is important not just in corporate finance or investment settings, but also in personal finance (i. e., your everyday life). In this assignment, you will have the opportunity to discuss with your classmates the practical application of time value of money calculations. Based on what you have learned in class (from the textbook, lectures, practice problems, etc) and your own personal experiences, answer the following questions. Wherever possible, use examples to illustrate your responses. 1. What decisions do you make that involve time value of money calculations

Which is not an example of a cyclical company? a) airlines b) hotel industry c) medical d) theme parks

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability