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timama [110]
3 years ago
15

Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum or in a serie

s of payments over time. If you pick the lump sum, you get $2,850 today. If you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. At an interest rate of 9% per year, the winner would be better off accepting the , since that choice has the greater present value. At an interest rate of 11% per year, the winner would be better off accepting , since it has the greater present value. Years after you win the lottery, a friend in another country calls to ask your advice. By wild coincidence, she has just won another lottery with the same payout schemes. She must make a quick decision about whether to collect her money under the lump sum or the payments over time. What is the best advice to give your friend? The lump sum is always better. The payments over time are always better. It will depend on the interest rate; advise her to get a calculator. None of these answers is good advice.
Business
1 answer:
Paraphin [41]3 years ago
5 0

Answer:

The correct answer would be option A, The lump sum is always better.

Explanation:

If I would have to give advice to my friend who is in the same situation as i was in some time back, I would recommend him to go for the Lump sum choice. This is because of the fact that the interest rate compounded in three years payment schedule will result in the less value of what I am getting today. Accepting the lump sum value in contrast with accepting the yearly payments on 9% interest rate would be better off because it has more value at present.

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An employee earns $6,350 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $118,500
Vlad1618 [11]

Answer:

$965.075

Explanation:

Payroll taxes for the month of January is = FICA +FUTA +SUTA+

federal income taxes withheld+voluntary deductions for health insurance +contributes retirement plan.

= (0.0145*6350) +(0.006*6350)+(0.054*6350)+216+184+92

= 92.075+38.1+342.9+216+184+92

= 965.075

$965.075

Some money like Social Security is 6.2% of the first $118,500( not added because he's earnings are not up to $118500 and it's yearly stuff) and unemployment taxe is not added because his earnings is not up to $7000

7 0
2 years ago
What common flaw has been found in research studies funded by pharmaceutical companies?
marissa [1.9K]

The common flaw that was found in research funded by pharmaceutical companies was a lack of transparency.

<h3 /><h3>Why is transparency needed in the pharmaceutical industry?</h3>

It is essential that there is greater awareness, control and review of pharmaceutical research, as this industry directly impacts the health and quality of life of individuals, and must be an ethical and accessible means to the population.

Therefore, the lack of transparency in the pharmaceutical industry can occur due to centralization and conflict of interests, in addition to bribery and fraud, and must be duly fought by control, legislation and punishment for such actions.

Find out more about research studies here:

brainly.com/question/968894

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3 0
1 year ago
__________ tend to heighten anxiety and aggression, making worse all of the judgmental deficiencies associated with these altere
lisabon 2012 [21]
Stimulants is your answer please mark brainliest
5 0
3 years ago
When mary warren says that she pretended to faint in court, what is she asked to do? what is the result?
sveta [45]
When John Proctor come with his servant, Mary Warren, to the court, she has guaranteed to come clean. Thus, she admits that the young ladies' showmanship in the court, including her own, were "affectation." as such, they were lies. Reverend Parris says that when he touched her at that point, her skin was icy, and Proctor guarantees the court that she'd just been "put on a show to black out."
3 0
2 years ago
Bad Debt Expense: Percentage of Credit Sales Method Gilmore Electronics had the following data for a recent year: Cash sales $13
lukranit [14]

Answer:

allowance for bad debt 9,650 debit

           Account receivables 9,650 credit

bad debt expense     11,264 debit

       allowance for bad debt  11,264 credit

the bad debt expense would not change as it is not determnate based on the adjustment of an estimate uncollectible account but, in the percentage of sales which will fail to met the payment.

Explanation:

<em>estimated bad debt:</em>

512,000 x 2.2% = 11,264‬

7 0
2 years ago
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