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lesantik [10]
3 years ago
13

Jose wants to cash in his winning lottery ticket. He can either receive five $5,000 annual payments starting today, or he can re

ceive a lump-sum payment now based on a 3% annual interest rate. What would be the lump-sum payment? a. $23,586. b. $22,899. c. $21,565. d. $23,000.
Business
1 answer:
masha68 [24]3 years ago
3 0

Answer:

a. $23,586

Explanation:

To find the value of the lump sum payments, calculate the present value.

Present value is the sum of after tax cash flows derived from an investment.

Present value can be calculated using a financial calculator:

Cash flow each year from year 0 to 4 = $5000

Discount rate = 3%

Present value = $23,586

To find the present value using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

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MC Qu. 90 Locus Company has total fixed costs... Locus Company has total fixed costs of $117,000. Its product sells for $51 per
irina [24]

Answer:

The correct answer is 7,020 units.

Explanation:

According to the scenario, the computation of the given data are as follows:

Fixed cost = $117,000

Selling price = $51

Variable cost = $26

Pretax income to earn = 50% of fixed cost

So, Pretax income = 50% × $117,000 = $58,500

So, we can calculate the units required by using following formula:

Units required = (Total fixed costs + Pretax income) ÷ (Selling price - variable cost)

= ($117,000 + $58,500) ÷ ( $51 - $26)

= 7,020 units.

6 0
4 years ago
Hi, Friends I am beginner .​
zimovet [89]

Answer:

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Explanation:

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3 0
3 years ago
g explain which types of organizations (if any) will traditional HRM fit most and which types of organizations (if any) will str
valentinak56 [21]

Answer:

HR Function refers to areas such as recruitment, selection, recruitment and retention, performance evaluation, promotional preparing, and reimbursement managerial staff.

Explanation:

  • Throughout traditional HRM every one of these operations has been associated with capacity building and therefore are constrained even within the HR manager. Those other operations are not focused on an organization’s strategy.
  • Traditional HRM is therefore not focused on effective organizational culture, while strategy Implementation focuses on its philosophy.
4 0
3 years ago
When Carolina is in the grocery store buying milk for her children, she picks up a tube of toothpaste at the same time. The toot
yKpoI14uk [10]

A relatively inexpensive item that merits little shopping effort, is called Convenience product.

<h3>What is the Product?</h3><h3></h3>

Product refers to the finished goods or the material that has been converted from the raw material to fulfill the needs of the customer. There are four types of product i.e. convenience goods, shopping goods, specialty products, and unsought goods.

Convenience product is that type of the product which can be purchased with the minimal efforts because it is cheap in value and can be purchased frequently.

In the above case, Carolina picks up the toothpaste which is the example of the Convenience product.

Learn more about Convenience product here:

brainly.com/question/7184191

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7 0
2 years ago
A new technological hurdle decreases production for an industry and shifts the supply curve to the left. If the firm ________, t
Alexus [3.1K]

Answer:

If the firm produces products that are considered elastic, then the firm will likely be unhappy about this new technology problem.

Explanation:

The definition of elasticity of production is the degree of change in the production for a good with the change of certain variable.

In this case,  as the technological hurdle decreases production for an industry and shifts the supply curve to the left we can say that the production is elastic

If the firm produces products that are considered elastic, then the firm will likely be unhappy about this new technology problem.

4 0
3 years ago
Read 2 more answers
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