Answer:
Present value is $2918.88
Explanation:
Given Data:
Amount won=$2,040,000
Number of years=76 years
Interest rate=i=9%=0.09
Required:
Present value=?
Solution:
Formula
Where:
FV is the future value=$2,040,000
PV is the present value
i is the interest rate=0.09
n is the number of years=76
Present value is $2918.88
Answer:
Assuming that Samuel's retiring age is exactly 65 years old, and he starts collecting benefits 24 months before his full retirement age (exactly on his birthday number 63), then he will receive $867 per month (or 86.7% of his full benefits).
This calculation varies depending on the number of months, e.g.
months before full retirement age % of full retirement benefit
24 86.7%
23 87.2%
22 87.8%
21 88.3%
20 88.9%
19 89.4%
18 90.0%
17 90.6%
16 91.1%
15 91.7%
14 92.2%
13 92.8%
Compare amounts from a recent year to a base year and identify growth trends.
Explanation:
Horizontal analysis (also defined as pattern analysis) is a method for the study of financial reporting that indicates improvements in the sums of the respective financial statements over a span of time. This is a valuable method for determining patterns. Statements over two or more cycles shall be required over lateral study.
In a horizontal analysis, you equate transactions with one another over time periods — in eg, accounts receivable (A / R) in 2014 and A / R in 2015.
To conduct a vertical report, pick an investment account (comparable to gross revenue) and add all balance sheet funds as a ratio.
Answer:
$128,100
Explanation:
PEACH Computer
Statement of cash flow using direct method for the year ended 31 December 2018.
Cash flows from operating activity
Net income. $91,000
Adjustment to reconcile net income to net cash from operations
Depreciation expense. $47,000
Changes in working capital
Decrease in accounts re. $4,200
Increase in inventory. ($18,500)
Decrease in prepaid rent $1,700
Increase in accounts Payable $6,500
Decrease in Income tax Payable ($3,800)
Net cash flow from operating activities
$128,100
The answer is "leading questions".
A leading question refers to an inquiry which unpretentiously prompts the respondent to reply in a particular way. Generally these type of questions are unwanted as they result in false or inclined information.It recommends a specific answer that the examiner wants – frequently a basic 'yes' or 'no' answer.
