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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.

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I got answer b but you may wanna double check

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3 years ago
An employee that only has the authority to use the employer's credit card for business expenses has what kind of relationship?
Andrew [12]

Answer:

a. Universal agent

Explanation:

The universal agent is an employee that has been appointed by the employer to do particular task. It could be appointed via power of attorney through which he can perform all types of functions

Therefore as per the given situation since the employee can use the credit card of the employer for the business expense so this represent that the relationship is of universal agent

hence, the correct option is a.  

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3 years ago
Yooo Rate my friend 1/10
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Answer:

1/10

Explanation:

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3 years ago
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Answer:

d.) $38,000

Explanation:

Given that

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So, the amount is

= Acquired value of the plant ÷ recovery period

= $190,000 ÷ 5 years

= $38,000

By dividing the acquired value with the recovery period we can get the maximum deduction

4 0
3 years ago
Nikki, a supervisor in the local telephone company was swamped with work. She had schedules to write, reports to prepare, and pe
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Answer:

"TQM is considered a customer-focused process and aims for continual improvement of business operations. It strives to ensure all associated employees work toward the common goals of improving product or service quality, as well as improving the procedures that are in place for production."

If she's skipping TQM training seminars she's not helping to ensure all associated employees, including her, toward improving product or service quality.

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