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Shalnov [3]
3 years ago
5

A judge denied a 94-year-old woman s attempt to force a Lottery Commission to pay her $3.9 million winnings up front on the grou

nds that she otherwise won't live long enough to collect it all. The woman already received an immediate payment of $161,454, and she will receive 22 annual gross checks of $169,934. Suppose that she were able to find a buyer who was willing to buy her lottery ticket which means that the buyer would receive 22 annual gross checks of $169,934. If the woman could invest her money from selling the lottery ticket at 5.1% interest, what would be the fair amount to trade her 22 future lottery receipts
Business
1 answer:
VikaD [51]3 years ago
3 0

Answer:

$2,216,588.59

Explanation:

The fair amount to trade her 22 future lottery receipts is the present worth of the future payments discounted using 5.1% discount rate as shown below.

The present value can be computed using the excel present value formula:

=pv(rate,nper,pmt,fv)

rate is the interest /discount rate of 5.1%

nper is the number of times the future payment would be made which is 22

pmt is the amount of each future payment.

fv is the future value worth of the 22 payments which is not known hence taken as zero

=-pv(5.1%,22,169,934,0)=$2,216,588.59  

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Slav-nsk [51]

Answer:

True.

Explanation:

Arbitration and mediation are two alternative ways of resolving legal conflicts, that is, they are alternatives to judicial litigation.

Thus, arbitration involves the selection of an impartial third party (similar to a judge), who will decide through an award who of the parties is right, basing his decision on law, morals, ethics or common sense.

For its part, mediation involves a negotiation between the parties, assisted by a third party, the mediator, who will seek to reach an agreement.

Both alternatives imply that a lawsuit is not initiated, which in itself entails a notable economic and time saving for the parties in conflict.

6 0
3 years ago
Diminishing returns are a reason that fixed costs remain constant. the marginal cost curve is upward sloping. the average fixed
Molodets [167]

Answer:

the marginal cost curve is upward sloping.

Explanation:

Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.

This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.

Basically, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.

For example, buying a candy stick and eating it may satisfy your cravings but eating another one (an additional or extra unit) wouldn't give you as much satisfaction as the first due to diminishing marginal utility.

In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity. A marginal cost curve is upward sloping because of the law of diminishing returns.

4 0
3 years ago
Which of the following is an example of a conglomerate merger?
densk [106]

Answer:

Answer d

Explanation:

Mergers and acquisitions from legal point of view differ in a way that acquisition happens when entity takes ownership of another entity's stock, equity interest or assets, while merger is a consolidation of two entities into one. Except for answer d, all other examples are purchases of another company's stocks or assets. Acquisition therefore means takeover of a company by another company, while a merger usually means consolidation of two companies into one based on mutual agreement and with one management

7 0
4 years ago
Stronx Consulting tests its salespeople on listening skills and then implements a training program to teach all of them to be be
nadya68 [22]

Answer:

The actual impact of the training can only be evaluated by comparing the performance of employees who underwent training and those who did not.

Explanation:

The reason is that when you conduct a post-lecture listening test then you are actually testing how much the person has absorbed the lecture which will not be reflected in the work that he will be assigned in near future. The main purpose of the training session is to make the workforce able to actually reflect the training lecture in the future work. This means if I want to increase the efficiency of the workforce then I will prefer to see whether or not the workforce which was trained have increased its work efficiency than the person who were not trained.

7 0
3 years ago
A group of unrelated people are buying property together as co-owners. they'll likely either own it as tenants in common or ____
fiasKO [112]

The group of unrelated people who are buying property together as co-owners will likely either own it as tenants in common or <u>joint tenancy</u>.

<h3>What is a tenants in common?</h3>

This is when each tenant in common has the right to possess and enjoy the entire property and can go into possession of the whole unless another co-tenant objects.

<h3>What is a joint tenancy?</h3>

In the legal terms, it refers to the title property that exist when multiple individuals purchase it together with equal interest in and equal rights to the property.

Therefore, the group of unrelated people who are buying property together as co-owners will likely either own it as tenants in common or <u>joint tenancy</u>.

Read more about joint tenancy

brainly.com/question/12932972

#SPJ4

5 0
1 year ago
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