1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Monica [59]
2 years ago
6

The current value in today's dollars of a future sum of money is called :______

Business
1 answer:
AleksandrR [38]2 years ago
4 0
Ans: (a) present value
You might be interested in
On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 90-day note with a face amount of $45,600. Assume a 360-day ye
MakcuM [25]

Answer:

a. $45,600        

b. $45,296

Explanation:

The computation is shown below:

a. The proceed of the note is always equal to the face amount i.e $45,600        

b. After considering the discounted rate, the proceed of the note is

= ($45,600) - ($45,600 × 8% × 30 days ÷ 360 days)

= $45,600 - $304

= $45,296

After considering the discount rate and the issuing days, the proceed of the note could come

8 0
3 years ago
The Dog House has net income of $3,450 and total equity of $8,600. The debt-equity ratio is .60 and the payout ratio is 30 perce
Snezhnost [94]

Answer:

21.29%

Explanation:

The computation of the internal growth rate is shown below:

But before that we need to determine the following calculations

Debt equity ratio js

= debt ÷ equity

The  debt is 0.6 of equity

So,

= 0.6 × $8,600

= $5,160

Now

Total assets = Total liabilities + Total equity

= $8,600 + $5,160

= $13,760

Return on assets = Net income ÷ Total assets

= $3450 ÷ $13760

 = 0.2507

Now  as we know that

Retention ratio = 1 - payout ratio

= 1 - 0.3

= 0.7

And, finally

The Internal growth rate is

= (Return on assets × Retention ratio) ÷ [1 - (Return on assets  × Retention ratio)]

= (0.2507 × 0.7) ÷ [1 - (0.2507 × 0.7)]

= 21.29%

6 0
3 years ago
Prepare an amortization schedule for a five-year loan of $71,500. The interest rate is 7 percent per year, and the loan calls fo
sergij07 [2.7K]

Answer:

Explanation:

Let's recall the formula that will be used for calculations

The annual payment on the loan=Present value of a loan/PVIFA

r=7%; n=5

Annual payment on the loan=71500/4.100197=17438.19

OR we can use the financial calculator and input the following data:

PV = 71500; r=7%; n=5; PMT=?

PMT=17438.19

Amortization schedule:

YEAR  Beg. balance    Total PMT    Interest PMT   Principal PMT   End. Bal.

1           71500                 17438.19      5005                 12433.19          59066.81

2          59066.81           17438.19       4134.68             13303.51          45763.3

3          45763.30           17438.19       3203.43            14234.76         31528.54

4          31528.54            17438.19       2207                 15231.19           16297.35

5          16297.35             17438.19      1140.81              16297.38          0

*5005 = 71500 ×0.07

12433.19=17438.19-5005 and so on...

5 0
3 years ago
The best response to the chicken tactic is to challenge the other party by responding with one's own chicken tactic, thereby cal
goblinko [34]

Answer:

B) False

Explanation:

The chicken tactic is a combination of a huge deceit or bluff about what you really want or need, and a threat to do something usually not very normal or rational. The whole idea is to try to force the other negotiating party to chicken out and surrender to your requests. Both a chicken tactic and a hardball tactic are designed to take advantage of the other party.

The problem with using a chicken tactic is what happens if the other side calls the bluff, will the threat be real or not, and what position will the other side hold. For example, an employer negotiating wage increases with a union, if the employer threats to close the factory and the other party tells him/her to go on and close it, what will be the result. This type of negotiating tactic can result in huge problems.

8 0
3 years ago
On January​ 1, Five Star Services has the following​ balances: Accounts Receivable $ 26 comma 000 ​(debit) Bad Debts Expense $ 0
PIT_PIT [208]

Answer:

$53,000

Explanation:

Data given in the question

Beginning Accounts Receivable = $26,000

Credit Sales = $130,000

Collections of credit sales  = $87,000

Write-offs = $16,000

So

As we know that

Ending Accounts Receivable = Beginning Accounts Receivable + Credit Sales - Collections of credit sales - Write-offs

= $26,000 + $130,000 - $87,000 - $16,000

= $53,000

5 0
3 years ago
Other questions:
  • Staley company has 30 order operators with associated costs of $1,000,000 per year. Staley calculated that each operator worked
    15·1 answer
  • How much tax is taken out of a mcdonalds paycheck?
    8·2 answers
  • What is the most financially dangerous way to pay for college?
    8·1 answer
  • Which of the following is the term for a special tax placed on foreign goods sold in
    12·1 answer
  • Which type of tort happens when you unfairly damage another company's reputation?
    10·1 answer
  • Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 24 percent for the next three years, with the growth
    14·1 answer
  • Because all work ultimately entails some human interaction, effort, or involvement, Bossidy and Charan believe that focusing on
    14·1 answer
  • Define what is meant by the phrase "planning materiality threshold"
    14·1 answer
  • Crane Warehouse distributes hardback books to retail stores and extends credit terms of 2/10, n/30 to all of its customers. Duri
    9·1 answer
  • What factors refer to rules and regulations that businesses must abide by
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!