Stuck on this one is financial literacy please help

A company recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sach

Deffense [45]

Answer:

$42.5 billion

Explanation:

the expected value formula = ∑ (valueₙ x probabilityₙ)

expected value = (low value x probability of low value) + (most likely value x probability of most likely value) + (high value x probability of high value)

= ($5 billion x 20%) + ($45 billion x 70%) + ($100 billion x 10%) = $1 billion + $31.5 billion + $10 billion = $42.5 billion

8 0

2 years ago

James Company began the month of October with inventory of $32,000. The following inventory transactions occurred during the mon

Anvisha [2.4K]

Requirement 1: [Find attachment 1]

Requirement 2: [ Find attachment 2]

8 0

3 years ago

How is the balance sheet used to record amortization and why might it be useful as coupon payments are made?

MrMuchimi

Answer:

An intangible asset's annual amortization expense reduces its value on the balance sheet, which reduces the amount of total assets in the assets section of the balance sheet. This occurs until the end of the intangible asset's useful life.

Explanation:

4 0

3 years ago

Careers in the Public Service cluster can help make a difference in the world but they can be tough careers to work in. Describe

Vinvika [58]

Answer:

Working in public sector requires alertness, assertiveness, intelligence, and emotional stability in any individual

Explanation:

Career in public sector services require lot of efforts and determination along with passion for working for the betterment of the society.

A person must love to take up challenges of every day life, must be compassionate towards their fellow country mate, must be intellectual, emotionally intelligent and along with that must have control on their feeling, vocals speeches, or any social media remarks.

4 0

2 years ago

Suppose that a young couple has just had their first baby and they wish to insure that enough money will be available to pay for

tankabanditka [31]

Answer:

$97,331.30

Explanation:

To calculate the amount available on the daughter's 18th birthday the following should be taken into cognisance

First, the yearly deposit increases by 5% every year, therefore year one is $2,000 but year 2 is $2,000 x1.05= $2,100 and continuing like that.

Secondly, the total deposit pre year is calculated as annual deposit for the year (1+interest rate)∧year on a descending basis.

It is therefore as follows;

Years Annual deposit Total value of deposit including interest

1 $2,000.00 $2,000(1+0.07)∧17= $6,317.63

2 $2,100.00 $2,100(1+0.07)∧16= $6,199.54

3 $2,205.00 $2,205(1+0.07)∧15=$6,083.66

4 $2,315.25 $2,315.25(1+0.07)∧14=$5,969.95

5 $2,431.01 $2,431.01(1+0.07)∧13=$5,858.36

6 $2,552.56 $2,552.56(1+0.07)∧12=$5,748.86

7 $2,680.19 $2,680.19(1+0.07)∧11=$5,641.41

8 $2,814.20 $2,814.20(1+0.07)∧10=$5,535.96

9 $2,954.91 $2,954.91(1+0.07)∧9=$5,432.48

10 $3,102.66 $3,102.66(1+0.07)∧8=$5,330.94

11 $3,257.79 $3,257.79(1+0.07)∧7=$5,231.30

12 $3,420.68 $3,420.68(1+0.07)∧6=$5,133.52

13 $3,591.71 $3,591.71(1+0.07)∧5=$5,037.56

14 $3,771.30 $3,771.30(1+0.07)∧4=$4,943.40

15 $3,959.86 $3,959.86(1+0.07)∧3=$4,851.00

16 $4,157.86 $4,157.86(1+0.07)∧2=$4,760.33

17 $4,365.75 $4,365.75(1+0.07)∧1=$4,671.35

18 $4,584.04 $4,584.04(1+0.07)∧0=$4,584.04

Total $56,264.77 $97,331.30

5 0

3 years ago