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3 years ago

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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Consider luxury weekend hotel packages in las vegas. When the price is $250, the quantity demanded is 2,000 packages per week. W

Aleonysh [2.5K]

Answer: Elasticity of luxury weekend hotel packages in las vegas is -1.432.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good.

Mid point method-

$e=\frac{Q2-Q1}{\frac{Q1+Q2}{2} } * \frac{\frac{P1+P2}{2} }{P2-P1}$ $e=\frac{1700-2000}{\frac{2000+1700}{2} } * \frac{\frac{280+250}{2} }{280-250}$

$e=\frac{-300}{1850} } * \frac{265}{30}$

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3 years ago

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because deprecia

luda_lava [24]

Answer:

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because depreciation represents a non cash reduction to net income. Depreciation is a non cash reduction because it notes down the the reduction in the value of an asset due to use as an expense and because the company isn't making any cash transactions due to depreciation of assets therefore it is a non cash expense and this is why it is added back to net income when preparing cash flow from operating activities.

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3 years ago

Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of 5,300 anchor

Lena [83]

Answer:

The total cost at 9000 anchor is $473400

Explanation:

To come up with the cost equation used by the manager, we need to find the variable cost per unit.

The total cost at production level of 5300 is = 5300 * 54 = $286200

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Thus, variable costs at production of 5300 is = 286200 - 18000 = $268200

The variable cost per unit is = 268200 / 5300 = $50.60

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Total cost = 18000 + 50.60 * (9000) = $473400

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3 years ago

Mark and Riley live in Orlando and decide to open a souvenir shop. They incorporate their shop, Sunshine Gifts, Inc., in the sta

Nesterboy [21]

Mark and Riley live in Orlando and decide to open a souvenir shop. They incorporate their shop, Sunshine Gifts, Inc., in the state of Florida. In Florida, Sunshine Gifts would best be characterized as A domestic corporation.

<h3>What are domestic corporations ?</h3>

A domestic corporation is a business that operates within its own nation.
A domestic business may have to pay tariffs or other fees on the goods it imports and is frequently subject to different taxation than a non-domestic firm.
In most cases, a domestic corporation that has filed its articles of incorporation can readily conduct business in other states or regions of the nation.

To view more questions about domestic corporation, refer to: brainly.com/question/800904

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2 years ago

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BabaBlast [244]

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3 years ago

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

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