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Romashka-Z-Leto [24]
3 years ago
5

You just won the grand prize in a national writing contest! As your prize, you will receive $500 a month for 50 months. If you c

an earn 7 percent on your money, what is this prize worth to you today? A. $20,333.33 B. $21,629.93 C. $21,338.40 D. $18,411.06 E. $19,450.25
Business
1 answer:
nadya68 [22]3 years ago
5 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cash flow= $500

Number of months= 50

Monthly interest rate= 0.07/12= 0.00583

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {500*[(1.00583^50) - 1]} / 0.00583

FV= $28,928.06

Now, the present value:

PV= FV/(1+i)^n

PV= 28,928.06/(1.00583^50)

PV= $21,631.67

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Yuri [45]

Answer:

D. Penetration pricing

Explanation:

The goal of <u>penetration pricing</u> is to maximize sales, gain widespread market acceptance, and capture a large market share quickly by setting a relatively low initial price.

Penetration pricing: It is a pricing technique of fixing the low initial price of a product to establish the product in the market due to the low price. This pricing strategy help in attracting more customer and gain a bigger market share. The price of the product is relatively low in the market compare to competitive products. This strategy could surprise competitors as they could lose profit at the lower price of the product, which can create a competitor´s advantage for the organization. This pricing technique is used in the introductory stage of the life cycle of the product.

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3 years ago
Scrubber, Inc, presented the following information in a note to its financial statements for the year ending December 31, 2016.
Reil [10]

Answer:

Yes, the cash balance is less than $75,000

Explanation:

a. b

Current ratio is more than required : No violation

Debt to equity ratio is less than stated: No violation

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(As per bank reco the amount is different as company may not recorded bank charges and expenses as reflected in bank statement.

7 0
3 years ago
An ethical standard upheld for screening potential counseling and psychotherapy group members states that members each must rece
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Answer:

c. benefits / liabilities

Explanation:

An ethical standard upheld for screening potential counseling and psychotherapy group members states that members each must receive as much information as possible about the <em>benefits / liabilities</em> to inform their decision whether or not to join the group.

6 0
3 years ago
A global computer network providing a variety of information and communication facilities, consisting of interconnected networks
mars1129 [50]

Answer:

The correct answer is "Internet".

Explanation:

  • A global structure of data networks, the collection of several types of networks throughout which the clients at any device will, whether they have the authorization, obtain some technical information from other devices, recognized as an internet.
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3 years ago
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Answer: The correct answer is <u>"d.All of these statements are true."</u>

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7 0
2 years ago
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