Suppose you are $25$ years old and would like to retire at age $65$. Furthermore, you would like to have a retirement fund from which you can draw an income of $\$ 200,000$ per year-forever! How can you do it? Assume a constant $\mathrm{APR}$ of $6 \%$.

Refer back to the information given for $\mathrm{E} 12-10$, plus the following summarized income statement for Pizza International, Inc. (in millions):

Required:

1. Based on this information, compute cash flow from operating activities using the direct method. Assume that prepaid expenses and accrued liabilities relate to other expenses.
2. What were the major reasons that Pizza International was able to report positive cash flow from operations despite having a loss?
3. Of the potential causes of differences between cash flow from operations and net income, which are the most important to financial analysts?

In the following sentences, cross out each incorrect verb form and write the correct verb form above it. If a sentence is already correct, write C above the verb.

Example 1. $\overset{\textit{\color{#c34632}{Are}}}{\sout{\text{Is}}}$ the choir selling their raffle tickets as a fund-raiser?

A large number has received their rebates in the mail.

Cassie's and Kaylee's other grandmother offers them a choice between college fund options.

Option 1: $1000 at 3% interest per year.

Option 2:$800 at 6% interest per year.

Which is the better option? Explain your reasoning.

In the following sentences, cross out each incorrect verb form and write the correct verb form above it. If a sentence is already correct, write C above the verb.

Example 1. $\overset{\textit{\color{#c34632}{Are}}}{\sout{\text{Is}}}$ the choir selling their raffle tickets as a fund-raiser?

My whole family were eager to meet its new neighbors.

Revise the sentence below, correcting each inexact pronoun reference. Write your revisions on the lines provided.

Example 1. We brought gifts and flowers, and this completely surprised Mom. $\underline{\text{That we brought gifts and flowers completely surprised Mom.}}$

Has Mona asked Ten if she could sell twenty tickets for our fund-raiser? _________________________________________________________

A mutual bond fund pays 9% per annum compounded monthly. How much should I invest now so that 2 years from now I will have $100 in the account?

An open-end investment company has $510 million of assets,$10 million of liabilities, and 50 million shares outstanding.

Suppose the fund pays off its liabilities while at the same time the value of its assets doubles.

How many shares will an investor who invests $50,000 receive?

Using your answers from the preceding problem and the following information, prepare a budget summary for the General Fund of Jeter Village for fiscal year 2013. Assume that the fund balance at the beginning of 2013 is $2,607,241.

1. The Village has three departments: Public Safety, Administration, Streets and Parkways.
2. Budgeted appropriations for the three departments for fiscal year 2013 are as follows:

$$\begin{array}{rrrrr} &\text{Public Safety}&\text{Administration}&\text{Streets and Parkways}\\ \text{Personal services}\hspace{10pt}&\text{\$\hspace{5pt}1,115,000}&\text{\$\hspace{5pt}1,450,000}&\text{\$\hspace{5pt}1,846,285}\hspace{21pt}\\ \text{Travel}\hspace{10pt}&\text{10,000}&\text{20,000}&\text{1,850}\hspace{21pt}\\ \text{Equipment}\hspace{10pt}&\text{650,000}&\text{100,000}&\text{80,900}\hspace{21pt}\\ \text{Operating expenses}\hspace{10pt}&\text{85,000}&\text{60,000}&\text{36,450}\hspace{21pt}\\ \end{array}$$

3. Budgeted nondepartmental items include a $1 million transfer to the Debt Service Fund and a$50,000 transfer to the Derek Park Fund.

Use $M=P(1+R T)$ where $M=$ maturity value, $P=$ principal or loan amount, $R=$ annual interest rate written as a decimal, and $T=$ time in years.

Mary Scott invests $\$ 1000$ in a bond fund that she hopes will yield $8 \%$ per year (or $.08$ ) for 5 years. What maturity value $(M)$ will she have in her account at the end of 5 years?

So far, Rhonda has saved $3000 for her college expenses. She plans to save$30 each month. Her college fund can be represented by the function f(x) = 30x + 3000.

Find the inverse of f(x).

Pizza International, Inc., operates 700 family restaurants around the world. The company's annual report contained the following information (in thousands):

Operating Activities

Required:

1. Based on this information, compute cash flow from operating activities using the indirect method.
2. What were the major reasons that Pizza International was able to report positive cash flow from operations despite having a net loss?
3. Of the potential causes of differences between cash flow from operations and net income, which are the most important to financial analysts?

In the following sentences, if a pronoun is incorrect, cross it out and write the correct form above it. If a sentence is correct, write C next to the number.

Example 1. You should give the watch to Josh and $\overset{\textit{\color{#c34632}{her}}}{\sout{\text{she}}}$ for safekeeping.

If it had not been for Luis and she, the fund-raising project would have failed.

The population (in millions) of a country in 2019 and the expected continuous annual rate of change $k$ of the population are given. (Source: U.S. Census Bureau, International Data Base)

Discuss the relationship between the sign of $k$ and the change in population for the country.

Country Canada

2019 Population

$$37.4$$

$$k$$

$$0.008$$