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il63 [147K]
3 years ago
10

Suppose that you won a lawsuit and were awarded a series of payments of $10,000 a year for 10 years. Assuming an interest rate o

f 7%, how much would get in a lump-sum payment today?
Business
1 answer:
DochEvi [55]3 years ago
4 0
Okay. So it's $10,000 per year, which is $100,000 in 10 years. I'm not so sure how to solve it exactly, but I found a lump sum calculator online. I put the information on that and according to the calculator, today's payment in a lump sum would be $50,894.93. The future value is $100,000 with 10 periods (in this case, years) of the interest rate of 7% once per year. I think that the answer is $50,894.93.
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The production possibilities curve illustrates the basic principle that
krok68 [10]

Answer:

If all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced

Explanation:

The concept of production possibility curve shows the different commodities that can be produced in a given economy, given the prevailing level of technology, if all available resources are efficiently utilized.  The idea behind production possibility curve is that in other for in order to produce a particular commodity, the production of another commodity has to be scarified provided that i.e if all the resources of an economy are fully used, more of one item could be produced only if less of another item is produced  

6 0
3 years ago
Padraig receives total employment compensation of $70,000 and had $2,000 in job expenses. Which of the following could be true a
Keith_Richards [23]

The option that's true about Padraig’s gross pay and total employee benefits is "His total employee benefits are 12.5% of his annual gross pay of $64,000"

His annual gross pay is $64,000, his employment benefits will be:

= 12.5% × $64000

= 12.5/100 × $6400

= 0.125 × $64000

= $8000

Therefore, the annual compensation will be:

= $64000 + $8000

= $72000

In conclusion, the correct option is C.

Read related link on:

brainly.com/question/23770424

7 0
3 years ago
Although best used as a last resort, many small businesses find it convenient to use __________ as a short-term source of financ
Virty [35]

Answer:

Credit cards

Explanation:

Credit cards can allow for easy access to money. They can also be expensive if the balance is carried or they are overused.

5 0
3 years ago
Read 2 more answers
The amount of the estimated average income for a proposed investment of $60,000 in a fixed asset, giving effect to depreciation
valina [46]

Answer:

Estimated average income is $5,400

Explanation:

Proposed investment = $60,000

Depreciation = Straight-line method

Useful life = 4 years

Expected total income yield = $21,600

To find average investment, we divide the income by the useful life of the investment.

Therefore, estimated average income = $21,600 ÷ 4 = $5,400

3 0
3 years ago
Solid Oak Bureau Company uses job costing. Solid Oak Bureau Company has two departments, Trimming and Finishing. Manufacturing o
Rom4ik [11]

Answer:

c. 130% of direct labor cost

Explanation:

Note : Manufacturing overhead is allocated based on direct labor cost in the Trimming Department.

Where,

Budgeted Overheads are $416,000

Total Direct Labor Cost  are $320,000

Therefore,

Predetermined Overhead Rate = Budgeted Overheads ÷ Total Direct Labor Cost

                                                    = $416,000 ÷ $320,000

                                                    = $1.30 or 130 %      

The predetermined manufacturing overhead rate for the Trimming Department is 130 %  

7 0
2 years ago
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