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
Kruka [31]
3 years ago
8

Time value Personal Finance Problem Jim Nance has been offered an investment that will pay him ​$500 three years from today.

Business
1 answer:
MatroZZZ [7]3 years ago
8 0

Answer:

a. $ 408.16

b. $408.16

c. Higher rate of return

Explanation:

a. Present value of $500 three years from today would be calculate by using the formula P V = 500 / (1+0.07)^3 = 408.16

b. Jim should pay not more than $408.16 to purchase this payment now.

c. If Jim can purchase this investment for less than the amount calculated in part ​(a​), it means that the rate of return that he will earn is higher than the opportunity cost.

You might be interested in
Becky Knauer recently resigned from her position as controller for Shamalay Automotive, a small, struggling foreign car dealer i
andre [41]

Answer:

1. The ethical issue here is that Becky Knauer's new boss usually bribes the sales manager of a car dealership to get more quota of cars. He is doing this because the car is in high demand. The higher his quota, the higher the number of cars. The higher the number of cars, the more of them he can sell. The more he can sell, the higher the profits.

Here is the dilemma.  

First, the action of Becky's boss is wrong, but it is also helping to keep the business afloat thus translating to securing her job and probably sustaining the pay she is receiving. We know this because Becky's former employer who receives just 25 cars a month is not very profitable.  

Becky as the Controller, however, is in charge of Compliance. The actions of her boss are unethical. She has to flag such issues and report to him.

Franz is the owner of the dealership and is on the top of the 'food chain'. There is no one else within the organisational structure to report the matter to. He is supposed to lead by example. He, as the owner of the organisation, however, is leading with a bad example because other sales personnel know about these shady transactions.

2.  Becky's options are as follows:

A. If she is too scared to confront her boss, she can decide to resign. She would have lost her job. There is no guarantee she will get another and the unethical practices will continue.

B. She can raise the issue with her boss and point out the dangers of continuing in such practice. By doing this, she is ruling out the possibility that he somehow is unaware of the dangers of his actions. In raising the matter with her boss, she must do this in black and white.

The above decision can go either left or right.  

Right means that her boss comes to understand the import of his actions and makes amends. Left means, he gets jittery and fires her.

3. As stated above, Franz may fire Becky if she flags his actions.

If this happens, she can take the matter to the State of New Jersy Motor Commission and possibly sue Franz for wrongful dismissal.      

Cheers!

3 0
3 years ago
When presenting your reason or explanation in a bad news letter, when is it appropriate to be specific?
uranmaximum [27]

Answer:

Always be specific. But don't repeat yourself, keep it concise and simple. maybe showing optimism may help... i hope this answers your question. not sure i understand it tho.

Explanation:

7 0
3 years ago
What does making a good decision mean?? How can I make a good decision?
kherson [118]

Answer:

A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors, is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.

Ways to make good decision:

  • Set Aside Time to Reflect on Your Mistakes
  • Stop Thinking About the Problem
  • Frame Your Problems In a Different Way
  • Identify the Risks You Take
  • Take Note of Your Overconfidence
  • Talk to Yourself Like a Trusted Friend
  • Label Your Emotions
  • Acknowledge Your Shortcuts
  • Consider the Opposite
5 0
3 years ago
To be productive in a nee job, which one of the following suggestions can you safely ignore?
RUDIKE [14]

In team assignments, make sure you speak first and act on your own.

4 0
3 years ago
When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici
xeze [42]

Answer:

Perfectly Inelastic

Explanation:

Demand can be defined as the total quantity of a commodity which a consumer is willing and able to buy at a particular time and price.

There are several types of elasticity of demand a perfectly elastic demand is one that quantity remains the same regardless of a change in price

3 0
3 years ago
Other questions:
  • In its first year of operations, Roma Company reports the following:
    8·1 answer
  • Explain what the domino theory is and how it fits with the truman doctrine ?
    14·1 answer
  • The term bench marking as relates to the hotel industry refers to A-line by line analysis's of the operating statement comparing
    15·1 answer
  • What was dave’s biggest lesson when it came to managing money and building wealth?
    15·1 answer
  • Zimmer, Inc. started the month of January with beginning finished goods inventory of $20,000. The cost of goods manufactured dur
    15·1 answer
  • Taka is considering sending a message regarding a raise but is concerned since the company is struggling financially. Taka has d
    9·1 answer
  • Bateman Corporation sold an office building that it used in its business for $800,950. Bateman bought the building ten years ago
    13·1 answer
  • A manufacturer produces 500,000 MP3 players in the first quarter of the year. It sells 400,000 of them and adds 100,000 of them
    5·1 answer
  • Jim and Evan enter into a real estate contract. The contract allows Evan to get a mortgage at 5% interest. But after due diligen
    8·1 answer
  • ______ is a nonprofit organization that recruits and selects college graduates from universities to serve as teachers in low-inc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!