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liraira [26]
4 years ago
9

A first-round draft choice quarterback has been signed to a three-year, $10 million contract. The details provide for an immedia

te cash bonus of $1 million. The player is to receive $2 million in salary at the end of the first year, $3 million the next, and $4 million at the end of the last year. Assuming a 10% discount rate, is this package worth $10 million? How much is it worth?
Business
1 answer:
inessss [21]4 years ago
7 0

Answer:

$8.31 million and No.

Explanation:

In this question, we have to find out the present value which is shown below:

= $1 + first year value ÷ ( 1 + discount rate) + second year value ÷ ( 1 + discount rate) ^ number of years + third year value ÷ ( 1 + discount rate) ^ number of years

= $1 + $2 million ÷ (1 + 10%) + ($3 million ÷ 1.10)^2  + ($4 million ÷ 1.10)^3

= $1 million + $1.82 million + $2.48 million + $3.01 million

= $8.31 million

No the package would not worth $10 million as its present value is $8.31 million

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<h3>What is planning in business?</h3>

In the world of business, planning has to do with the setting of goals and objectives for the business and the various ways that the goals would be achieved.

Planning usually carries most of the ways that the business plans to achieve its set goals and objectives.

Read more on planning here:

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3 years ago
According to Sheryl Connelly, Ford's global consumer trends manager, millennial buyers are less interested in cars as a status s
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<h2><u>Answer:</u></h2>

The correct option is C (technological)

<h3><u>Explanation:</u></h3>

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Her activity includes assuming the job of contrarian. At Ford she invests energy getting some information about their very own suppositions around their work. What's more, this is the job of the futurist, to present potential outcomes and different situations around the future and what could be. Innovation has accelerated the rate of progress and this is the reason the job of the futurist could easily compare to ever.

8 0
4 years ago
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After developing a computer locking system, Caffrey Computer Corp. worked out a licensing deal with Chicago Desktop (a potential
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Answer:

<u>A Strategic Alliance</u>

Explanation:

A Strategic Alliance refers to a combined effort or activities of two firms so as to strengthen their market position and yet at the same time maintain their individual separate corporate existence.

It represents a mutually beneficial agreement between two corporate firms under which, terms are less binding and stringent than a joint venture.

The purpose behind such an alliance could be, expansion, product line improvement or together gain a competitive advantage.

Such an alliance helps both businesses achieve a common goal driven by mutual assistance and pooling of resources.

In the given case, the tie up between Caffery computer corp. and Chicago desktop to sell computer locking systems alongside computers, would be termed a strategic alliance, since such an arrangement would benefit both, reduce competition for each with collective gain w.r.t market share.

3 0
3 years ago
A teacher who counts the number of times a student raises her hand is using what type of recording system?
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4 years ago
Hugh, a self-employed individual, paid the following amounts during the year: Real estate tax on Iowa residence $3,800 State inc
allochka39001 [22]

Answer:

$7,650

Explanation:

Calculation to determine the maximum amount Hugh can claim as taxes in itemizing deductions from AGI

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Add Greater of sale tax or state income tax $ 1,750

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Therefore the maximum amount Hugh can claim as taxes in itemizing deductions from AGI is $7,650

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