1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qaws [65]
3 years ago
10

The value today of the following cash flows is $6,423.71 at an interest rate of 5.8 percent. What is the value of the Year 3 cas

h flow?
Year Cash Flow
1 $1,665
2 1,845
3 ?
4 2,505
a. $1,313.29.
b. $1,202.49.
c. $1,424.09.
d. $408.71.
e. $3,981.73.
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
8 0

Answer:

c. $1,424.09.

Explanation:

present value = CF1 / 1.058 + CF2 / 1.058² + CF3 / 1.058³ + CF4 / 1.058⁴

$6,423.71 = $1,665 / 1.058 + $1,845 / 1.058² + CF3 / 1.058³ + $2,505 / 1.058⁴

$6,423.71 = $1,573.72 + $1,648.26 + CF3 / 1.058³ + $1,99.24

$1,202.49 = CF3 / 1.058³

$1,202.49 = CF3 / 1.18429

CF3 = $1,202.49 x 1.18429 = $1,424.09

You might be interested in
One of the challenges for smaller businesses in using collaborative enterprise 2.0 tools is ________.
aleksandrvk [35]
<span>Challenge 1: Technology in the enterprise comes from consumers. Applications such as email and voicemail traditionally sprung from the enterprise itself, with user adoption neatly controlled by IT. Today a lot of technology is coming from consumers directly. Consumers who have been using Web 2.0 tools such as instant messaging, wikis, and discussion forums in their home and social life for years are now the employees expecting the same types of applications in the workplace. What's more, they expect the same levels of performance and ease of accessibility. Add to this the rapid pace of technology, the varied forms of Web 2.0 communications, the sheer amount of content being moved, the increasing mobility of employees, realities of a global workforce (e.g., accommodating varying time zones), and the impact all of this has on your network . . . well, the challenge becomes even greater. How do enterprises keep up with this demand?</span>
3 0
3 years ago
Wang Company accumulates the following adjustment data at December 31. For each item, indicate (1) the type of adjustment (prepa
IRISSAK [1]

Answer:

a. Services performed but unbilled totals $600.

  • Accrued revenue
  • Accounts receivable was understated before the adjustment

b. Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.

  • Accrued expense
  • Supplies was overstated before the adjustment

c. Utility expenses of $275 are unpaid.

  • Accrued expense
  • Utilities expense was understated before the adjustment

d. Service performed of $490 collected in advance.

  • Unearned revenue
  • Revenue was overstated before the adjustment

e. Salaries of $620 are unpaid.

  • Accrued expense
  • Wages expense was understated before the adjustment

f. Prepaid insurance totaling $400 has expired.

  • Prepaid expense
  • Insurance expense was understated

4 0
3 years ago
How do we prepare for unexpected expenses that might disrupt the implementation of a budget, and allow us to avoid long term hig
ikadub [295]
Out of the money you make set some aside for unexpected expenses
8 0
3 years ago
Which of the following statements is true regarding the national debt and federal government​ deficits?
zheka24 [161]

Answer

A) There is a positive relationship between the national debt and a federal government budget deficit.

8 0
3 years ago
Suppose marginal cost is constant and equal to 50 and marginal revenue equals 100 - 10Q. A profit-maximizing monopolist will set
kotykmax [81]

Answer: 5

Explanation:

From the question, we are informed that the marginal cost is constant and equal to 50 and marginal revenue equals 100 - 10Q.

For a profit-maximizing monopolist, we should note that the marginal revenue will be equated to the marginal cost. Therefore:

100 - 10Q = 50

100 - 50 = 10Q

50 = 10Q

Q = 50/10

Q = 5

Therefore, a profit-maximizing monopolist will set quantity equal to 5.

8 0
4 years ago
Other questions:
  • Services that are available when you open a savings account
    12·1 answer
  • Generally, regardless of threat or vulnerability, there will ____________ be a chance a threat can exploit a vulnerability.
    14·1 answer
  • "Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2010. The estimated January 1, 2010, inventory is 6,500 u
    9·2 answers
  • In many countries entrepreneurs and other business leaders, eager to protect their property rights and ensure the dispassionate
    15·1 answer
  • You go to a local car lot and buy a used car as is. After you have driven only a few miles, the check-engine light flashes urgen
    14·1 answer
  • Clementine Import-Export,Inc.,has a language-proficiency test for its sales representatives in Latin America.Part of the test re
    14·1 answer
  • member of the production team skilled in research and analysis, who helps actors, designers, and directors better understand the
    12·1 answer
  • Which of the following is recommended when paying a credit card bill?
    8·1 answer
  • The ____ rate is the interest rate banks charge each other for borrowing or storing money?
    15·2 answers
  • Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting informa
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!