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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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Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the
Papessa [141]

Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of income, this might be so because low-income individuals are more prone than high-income individuals to purchase alcohol, tobacco, and gasoline.

<h3>What are Excise taxes?</h3>
  • Any duty on produced items that are assessed at the time of manufacture rather than the time of sale is known as an excise or excise tax.
  • Excises and customs duties are frequently used interchangeably, although customs taxes are imposed on already-existing products when they cross a defined border in one direction, whereas excise is imposed on goods that were created inland.
  • State sales taxes and excise taxes on alcohol and cigarettes are frequently criticized for being regressive.
  • Despite the fact that everyone pays the same rate regardless of income, this may be the case because people with low incomes are more likely than those with higher incomes to buy alcohol, cigarettes, and fuel.

To learn more about Excise taxes refer to:

brainly.com/question/22358769

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5 0
1 year ago
Treasury stock is:
VashaNatasha [74]

Answer:

a. Common stock acquired by the company in the open market & recorded as negative equity

Explanation:

A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.

7 0
3 years ago
Read 2 more answers
The probability distribution is bell shaped and symmetrical
Alexxandr [17]

normal. This was fill in the blanks right? Next time you ask a fill in the blank question you should use underscores where the missing word is.

6 0
3 years ago
Suppose workers notice a fall in their nominal wage but are slow to notice that the price of things they consume have fallen by
kvasek [131]

Answer:

The correct answer is <em>Temporarily low and so supply a smaller quantity of labor</em>.

Explanation:

The inflation index is a variable that takes little to be identified by people. Although the price of products may have volatile movements, a decrease in the first place will lead to "Normal" behavior, which is expected to increase in the future.

In terms of work, it influences negatively because employees will feel little commitment and will be discouraged to see a decrease in their income.

7 0
3 years ago
Which of the following statements is​ true?
raketka [301]

Answer:

The correct answer is option C.

Explanation:

n economics, we know that the basic problem is the scarcity of resources. These resources have alternative uses. We have unlimited wants and needs. Whenever we decide how to use scarce resources to satisfy our wants and needs, we face a trade-off.  

We cannot satisfy all our wants and needs, if we want to satisfy one we have to sacrifice the other. Anytime a person decides to take any action, he/she faces trade-offs. Every individual regardless of his wealth and income is faced with making trade-offs.

8 0
3 years ago
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