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Misha Larkins [42]
2 years ago
9

When Marilyn Monroe died, ex-husband Joe DiMaggio vowed to place fresh flowers on her grave every

Business
1 answer:
Brrunno [24]2 years ago
4 0

Based on the cost of the flowers and the number of years Joe DiMaggio was expected to live, the present value of the commitment was $2,389.26.

<h3>How much is the present value of the commitment?</h3>

First convert the interest and period to weekly figures:

Period:

= 52 x 30

= 1,560 weeks

Interest:

= 10.4% / 52

= 0.2% weekly

The present value will be that of an annuity because the amount is constant every week:

= Amount x (1 - (1 + rate) ^ -number of periods) / rate

= 5 x (1 - ( 1 + 0.2%) ⁻¹⁵⁶⁰) / 0.2%

= $2,389.26

Find out more on present value at brainly.com/question/25792915.

#SPJ1

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Hale Company sells merchandise on account for $1,000 to Long Company with credit terms of 2/10, n/30. Long Company returns $200
Vladimir79 [104]

Answer:

Amount of Check = $784

so correct option is a. $784

Explanation:

given data

Merchandise on account = $1,000

Long Company returns  = $200

credit terms =  2/10

n/30

to find out

What is the amount of the check

solution

we know here that Total Merchandise will be

Total Merchandise = Merchandise on account  - returns   ....................1

Total Merchandise = $1000 - $200

Total Merchandise = $800

and

discount will be here

Discount = 0.02  ×  800

returns = $16

so

Amount of Check will be as

Amount of Check = Total Merchandise - Discount   ...................2

put here value

Amount of Check = Total Merchandise - Discount  

Amount of Check = $800 - $16

Amount of Check = $784

so correct option is a. $784

7 0
3 years ago
What was the opening price of Coca-Cola on Jan 1, 1962?
agasfer [191]

Answer:

I'm not 100 %sure but but I think 49 cents

3 0
3 years ago
Read 2 more answers
Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the d
Sunny_sXe [5.5K]

Answer:

Equity Theory.

Explanation:

As Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the display is all set. Then Sarah approaches the manager with an idea for the display, and the manager tells her that it’s a great idea. Equity theory is the model of motivation that explains how Peter is striving for fairness and justice. Equity theory explains that employees should be treated equally and fairly in order to keep them motivated at the workplace. If employees started feeling that they not being treated fairly then they will dissatisfied and demotivated at the workplace which will definitely reduces their work productivity. Human beings are motivated when they are treated fairly and equally.

6 0
3 years ago
During February 2017, its first month of operations, the owner of Schwenn Enterprises invested cash of $100,000. Schwenn has cas
olchik [2.2K]

Answer:

Cash balance is $85,000

Explanation:

In determining the cash balance of the period, we must know how much is the inflow and outflow of the cash for the period and add it or deduct to the beginning balance. It is simply, beginning balance plus inflows less outflows. February is the first month of the operation of Schwenn Enterprises, that only means the possible beginning balance of the cash is the cash investment. So to further discuss it clearly, let’s do the computation.

Beginning balance on February $100,000

Add: inflow

Cash sales $20,000

Less: outflow

payment on expenses $35,000

CASH BALANCE AT FEBRUARY 28 $85,000

7 0
3 years ago
At the ________ level of an organization, functional managers focus on monitoring and controlling operational-level activities a
stellarik [79]

Answer:

A

Explanation:

Middle-level managers, or middle managers, are those in the levels below top managers. Middle managers' job titles include: General manager, Regional manager, and Divisional manager. etc.

Middle-level managers are responsible for carrying out the goals set by top management. Middle managers may also communicate upward, by offering suggestions and feedback to top managers. However, at the managerial level, of the organization, all functional managers, which are called the midlevel managers, focus on automation of the monitoring and controlling of the operational-level activities and provide information to higher levels of the organization. They in turn, they improve the organizational effectiveness.

5 0
3 years ago
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