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
damaskus [11]
3 years ago
8

You win the lottery and must decide how to take the payout. use an 8% discount rate. what is the present value of $10,000 a year

received at the end of each of the next nine years? $45,000

Business
1 answer:
Rama09 [41]3 years ago
8 0
For compounding interest, there is a formula relating the present worth (P) with the annuity (A). This is shown in the picture. The 'i' is the effective interest rate while n is the time. You should make sure that you are consistent with the units. If your time is in terms of years, your interest should be in terms of percent per year compounded yearly. Moreover, your annuity should be per yearly basis. In this case, it is already consistent so we don't need to convert. Substituting the values,

P = 10,000[(1.08^9-1)/(0.08*1.08^9)]
P = $62,468.88

You might be interested in
Technology often offers the potential of improving efficiency and effectiveness of trans-portation companies, but water carriers
mestny [16]

Answer:

Water freight is a very important method of transportation and is the second cheapest (railroad is the cheapest). Huge volumes can be shipped at relatively low prices which is extremely important for raw materials and commodities.

The problem with water freight is that it is relatively slow though. Another problem that water freight faces is that it is cheap for medium and long distances, but uneconomical for short ones.

A great impediment for the technological progress of water freight is that most ports are obsolete and have not been updated in many years. Updating them is very expensive and many of them are public ports which doesn't help either.

Most new carrier ships (which are very high tech) are probably too big to fit into most US ports, so even if a carrier company invests huge amounts of money in them, where will they them? Technological progress must start with the ports, then water carriers should improve.

Another problem is that regulation is very loose in the US, especially regarding maritime ports.

5 0
2 years ago
Sabemos que os problemas enfrentados pelas empresas podem ser vários e em várias circunstâncias. Por essa razão, as empresas são
dangina [55]

Answer: C. A tecnologia não pode deixar de fazer parte das atividades das empresas, no século XXI, sendo uma ferramenta que interliga a empresa ineira, em seus processos.

Explanation:

Today, technology is part of our lives in every aspect of our daily lives, that is why it is also and should be a fundamental aspect for companies. Business technology covers many areas and is present in every department of companies regardless of their category or function.

Therefore, for an organizational development plan to be well-founded, it must take into account the use of technology and technological updates.

<em>I hope this information can help you.</em>

6 0
3 years ago
Can someone assist with my question.... really important, semester coming up soon. Thank you in advance
tensa zangetsu [6.8K]
What is your question?
4 0
2 years ago
A firm is producing 24 units of output. At the 24th unit of output, marginal revenue is $5, and marginal cost is $4; at the 25th
agasfer [191]

Answer:

False.

Explanation:

(1) Units produced = 24 units of output

At the 24th unit of output,

Marginal revenue = $5

Marginal cost = $4

MR ≠ MC

At the 25th unit of output,

Marginal revenue = $4.50

Marginal cost = $4.50

MR = MC

At the 26th unit of output,

Marginal revenue = $4

Marginal cost = $5

MR ≠ MC

A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.

It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.

This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.

6 0
3 years ago
Chavez Corporation reported the following data for the month of July: Inventories: Beginning Ending Raw materials $46,000 $39,50
Archy [21]

Answer:

Cost of goods manufactured= $228,700

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 25,500 + (46,000 + 75,500 - 39,500) + 100,500 + (68,500 - 11,800) - 36,000

cost of goods manufactured= $228,700

We deduct the indirect material from overhead because it is already incorporated into direct materials.

6 0
2 years ago
Other questions:
  • The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:
    9·1 answer
  • Why is a firm in perfect competition a price​ taker? A firm in perfect competition is a price taker because​ _______. A. it prod
    10·2 answers
  • Identify at least one cost and one benefit of both the trustee and delegate models.
    12·1 answer
  • The FDA supervises standards of quality and consistency of drugs today. <br><br> True <br> False
    15·1 answer
  • Incentive Contracts (both Cost &amp; Fixed Price Types) provide a method for adjusting the contractor's profit or fee, and estab
    14·1 answer
  • In the context of SWOT analysis, marketers can identify strengths and weaknesses by focusing on:
    6·1 answer
  • At the beginning of Year 1, Copland Drugstore purchased a new computer system for $52,000. It is expected to have a five-year li
    13·1 answer
  • As is the case within all service organizations, employees at Wegmans develop a perception of the company’s service practices an
    11·1 answer
  • Landlord-Tenant relationships are established by lease contracts. State the Rights and Duties of the Landlord-Tenant Relationshi
    8·1 answer
  • Why does no one like me? i need answers.​
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!