All categories

3 years ago

If Joel earns a 7 percent after-tax rate of return, $27,000 received in two years is worth how much today

Business

1 answer:

steposvetlana [31]3 years ago

8 0

Answer: $23571

Explanation:

For this question, we have to calculate the present value of $27,000 with the given rate and the time that have already been given in the question to know the worth tiday. This will then be:

= $27,000 x PVIF (7%, 2)

= $27,000 x 0.873

= $23,571

You might be interested in

A sudden stop will be easier to navigate if the country borrows internationally in foreign currencies and lend locally in its do

natulia [17]

Answer: False

Explanation:

A sudden stop refers to the sudden decline in net capital inflows in the economy from outside. This is a significant method by which the economy can have access to foreign exchange.

If the country therefore borrows internationally in foreign currencies whilst lending in domestic currency, the sudden stop will be difficult to navigate because it will impair the country's ability to pay off the international creditors it has because it will not have enough of the required foreign currency to pay them.

8 0

2 years ago

As his company globalizes its business, Jordan faces cultural challenges related to differing ethical standards. To make ethical

tatyana61 [14]

Answer:

embrace transparency and conduct all negotiations as openly as possible.

Explanation:

Jordan's company is expanding to become a global company, so he needs to consider different cultures and government regulations.

To succeed he will need to be open about processes in the organisation as there will be different interpretations from different culture types when communication is not clear.

Also he needs to be transparent to build trust in his globally distributed team.

5 0

3 years ago

Presented below are long-term liability items for Pharoah Company at December 31, 2020. Bonds payable, due 2022 $625,000 Lease l

lesya [120]

Answer:

See explanation

Explanation:

Consider liabilities due within period of more than 12 months for the long-term liabilities section of the balance sheet.

4 0

2 years ago

A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur

musickatia [10]

Answer:

correct option is d. $600

Explanation:

given data

sells product = $20 per unit

selling price fallen = $15 per unit

FIFO inventory = 200 units

purchased = $16 per units

Net realizable value fallen = $13 per unit

to find out

amount of the lower cost of market

solution

we know that here Company record inventory at lower

so market value or cost of the inventory at declined time

and here Market Adjustment is the Difference of the cost and the Market Value

so cost will be here

Cost = 200 × $16

cost = $3200

and

Net realizable value will be

Net realizable value = 200 × $13

Net realizable value = $2600

so that Market adjustment is the difference of

Market adjustment difference = $3200 - $2600

Market adjustment difference = $600

so correct option is d. $600

8 0

3 years ago

Your phone service provider offers a plan that is classified as a mixed cost. The cost per month is $50 flat rate for the first

fomenos

Answer:

$120

Explanation:

The computation of the cost is shown below:

= Cost per month flat for 1,000 units + extra cost if exceeded 1,000 minutes

where,

Cost per month flat for 1,000 units = $50

And, the extra cost is

= $0.35 × 200 minutes

= $70

So, the total cost is

= $50 + $70

= $120

The 200 minutes is come from

= 1,200 minutes - 1,000 minutes

4 0

3 years ago