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poizon [28]
3 years ago
13

You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $27,000, $31,000, $64,000,

and $96,000 to you each year over the next four years, respectively. All payments will be made at the end of the year. If the appropriate interest rate is 4.9 percent, what is the value of the settlement offer today
Business
1 answer:
Citrus2011 [14]3 years ago
5 0

Answer:

$188,625.23

Explanation:

Data provided in the question:

Annual payments made : $27,000, $31,000, $64,000, and $96,000

Now,

Present value = ( Cash flow ) ÷ ( 1 + r )ⁿ

Here,

r is the interest rate = 4.9% = 0.049

n = year

thus,

Year         Cash flow           Present value

  1             $27,000              $25,738.79

  2            $31,000              $28171.55

  3            $64,000             $55443.86

  4            $96,000             $79281.03

======================================

Value of settlement today = $188,625.23

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Environment degradation does not consist of​
Naya [18.7K]

Answer: None of the above

Explanation:

The options include:

A. Land degradation and soil erosion

(B) Problem of overgrazing and ecological degradation

(C) Floods

(D) None of the above

Environmental degradation simply refers to the deterioration of the environment whcih occurs when there's depletion of the resources like soil, water and air, pollution and the the destruction of habitats and ecosystems.

It should be noted that environmental degradation consist of land degradation and soil erosion, problem of overgrazing and ecological degradation, floods etc.

Therefore, the correct option is None of the above.

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3 years ago
During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts
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3 years ago
William is interested in exercising more, but does not feel he has the time. Write a short response explaining how he can find t
solong [7]
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4 0
3 years ago
As a result of a thorough physical inventory, Oriole Company determined that it had inventory worth $320300 at December 31, 2018
DiKsa [7]

Answer: $367500

Explanation:

The correct amount of inventory that Oriole should report is calculated below:

Worth of inventory per physical verification = $320300

Add: Cost of goods that are consigned to Herschel Corporation = $47200

Therefore, the amount of inventory that Oriole should report will be the addition of the inventory worth and the cost of goods consigned to Herschel:

= $320300 + $47200

= $367500

4 0
3 years ago
Sheffield Corp. had a 1/1/20 balance in the Allowance for Doubtful Accounts of $34500. During 2020, it wrote off $21600 of accou
SashulF [63]

Answer:

The correct answer is $32,460.

Explanation:

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

Total uncollectible amount on 12/31/20 = $730,000 × 7%

= $51,100

So, now we can calculate the total bad debt expense by using following formula:

Bad debt expense = Total uncollectible - Allowance for doubtful Acc. + Amount wrote off

By putting the value, we get

Bad debt expense = $51,100 - $34,500 + ( $21,600 - $5,740)

= $51,100 - $34,500 + $15,860

= $32,460

5 0
3 years ago
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