Answer:
The present value is $938.82
Explanation:
Giving the following information:
Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 percent in the second year, and 8 percent in the third year.
We need to discount the final value of $1,150 for each discount rate starting in year 3.
PV= FV/(1+i)^n
Year 3= 1,150/1.08= 1,064.81
Year 2= 1,064.81/1.07= 995.15
Year 1= 995.15/1.06= 938.82
The present value is $938.82
Answer:
How will these two transactions affect the control and subsidiary accounts?
Explanation:
the control, account.
Accounts Receivable, will be increased with debit of $7,700
Target's donation of 5% of its annual income to community support is an example of social responsibility.
Social responsibility is a theory that involves ethics and fulfilling civic duty. When target makes these donations, they are benefiting the society as a whole and balancing growth with welfare of the society.
Answer:
Esmerelda did not use the reciprocal of the divisor.
Esmerelda added the numerators.
Esmerelda added the denominators.
Explanation:
Note: This question is not complete as it omitted the work of Esmerelda. Her work is therefore provide to complete the question as follows:

The explanation of the answer is now provided as follows:
Esmerelda did not use the reciprocal of the divisor
This is corrected by using the reciprocal of the divisor as follows:

Esmerelda added the numerators and Esmerelda added the denominators
These two are corrected together by multiplying the numerators separately and and multiplying the denominators separately as follows:

Based on the above, the correct answer of the work of Esmerelda can be obtained as follows:

The final answer can also be provided in 2 decimal places as follows:

Answer:
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