The prize is really worth $1,006,512.21.
<h3>What is present value?</h3>
Present value is the sum of cash flows discounted at the rate of interest or the discount rate. The annual cash flows for the next 10 years = $1.5 million / 10 = 150,000
The present value can be determined using a financial calculator
Cash flow from year 1 to 10 = $150,000
Discount rate = 8%
Present value = $1,006,512.21
Here is the complete question: You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 an¬nual installments. The first payment is next year. How much is the prize really worth? The discount rate is 8 percent.
To learn more about present value, please check: brainly.com/question/25748668
Answer:
The correct order is option B.
Explanation:
As the order is in which the items are in the process of the subsidiary is given as by option B.
Option A is not true as the step of receiving report is not at the start of the process.
Option C is not true, because all the steps are not included.
Option D is not true as well because all the steps are not included.
The characteristic that the manager needs to assess of the subordinate prior to delegating responsibilities is:
The type of leadership training that is being provided by the human resource director is:
<h3>What is Situational Leadership?</h3>
Situational leadership is seen when a manager delegates tasks based on the performance readiness of his staff.
The performance readiness in this case combines the ability of the person receiving the task and their willingness to execute the assigned task.
Learn more about situational leadership here:
brainly.com/question/14564324
#SPJ1
