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oksano4ka [1.4K]
3 years ago
6

3) Drew receives an inheritance that pays him $54,000 every three months for the next two years. Which of the following is close

st to the present value (PV) of this inheritance if the interest rate is 8.9% (EAR)?
A) $314,366
B) $471,549
C) $392,957
D) $432,000
Business
1 answer:
Snezhnost [94]3 years ago
6 0

Answer:

the correct answer is C

Explanation:

First calculate the APR with quarterly compounding, which equals 8.62% then using a periodic interest rate of 8.62/4%, calculate the present value (PV) of an annuity of $54,000 for eight periods

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Irina18 [472]

Answer:

$500

Explanation:

              2012 Income Statement

Revenue                                            $2,000

<u>Expenses</u>

Wages incurred and paid  $500

Salaries                               $400

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Net Income                                       <u>$500  </u>

So, the amount of $500 will be shown as Net Income on the 2012 Income Statement.

6 0
3 years ago
What piece of legislation, one of the most complex areas of federal civil law, was established in 1974 mainly to protect the emp
Angelina_Jolie [31]

Employee Retirement Income Security Act is established in 1974 mainly to protect the employee pension system from employer fraud.

<h3>What is Employee Retirement Income Security Act?</h3>

The Employee Retirement Income Security Act serves as an act of 1974 that contains rules on the federal income tax to favor employees.

This act, provides employee with benefit plans and a protection against wicked employers.

Learn more about Employee Retirement Income Security Act at;

brainly.com/question/1083892

4 0
2 years ago
If employers do not require a(n) __________, performance appraisal ratings often do not match the normal distribution of a bell-
Lubov Fominskaja [6]

Answer:

forced distribution

Explanation:

Based on the rest of the sentence it can be said that the missing term is forced distribution. This is a system that requires managers to evaluate each individual and rank them typically into one of three categories. These categories are excellent, good, and poor and allow managers to indicate if the employee should be terminated, is doing good, or is in-line for promotion as indicated in the graph below. This term is also known as the vitality curve or bell curve.

4 0
3 years ago
In a firm's income statement, interest payments on debt are deducted Blank______ corporate taxes are calculated, which Blank____
seropon [69]

<em>In a firm's income statement, interest payments on debt are deducted </em><em>before </em><em>corporate taxes are calculated, which</em><em> reduces</em><em> the firm's tax liability.</em>

<h3>Income statement: What is it?</h3>

An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.

<h3>What is displayed on a firm's income statement?</h3>

The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.

learn more about firm's income statement here <u>brainly.com/question/14733237</u>

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6 0
2 years ago
Difference between bookkeeping and accounting in table​
Sladkaya [172]

Answer:

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Explanation:

hope this will help you

3 0
3 years ago
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