Nippon Technology Balance Sheet
As of December 31, 2019
(amounts in thousands)
Cash 37,000 Liabilities 24,000
Other Assets 39,000 Equity 52,000
Total Assets 76,000 Total Liabilities & Equity 76,000
Nippon Technology
Income Statement
January 1 to March 31, 2020
(amounts in thousands)
Revenue 5,800
Expenses 3,400
Net Income 2,400
Between January 1 and March 31 , 2018:
1. Other Assets increase by $300,000
2. Liabilities decrease by $200,000
3. Paid-In Capital does not change
4. Dividends paid of $100,000
What is the value for Cash on March 31, 2018?

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76