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wariber [46]
3 years ago
12

Mary will receive $12,000 per year for the next 10 years as royalty for her work on a finance book. What is the present value of

her royalty income if the opportunity cost is 12 percent

Business
1 answer:
butalik [34]3 years ago
5 0

Answer:

$67,800

Explanation:

We can use annuity formula to find the present value of the royalties received for the upcoming ten years.

The annuity formula used here is attached with the answer.

The first step would be finding annuity factor at 12%.

So

Annuity Factor = (1-(1+r)^-n) / r

By putting values, we have:

Annuity Factor = (1 - (0.322)) / 0.12 = 5.65

Present Value = Annual Cash flow * Annuity Factor

PV = $12,000 * 5.65 = $67,800

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Natasha2012 [34]

Answer:

Communication is essential for success in today's world for young professional is discussed below in full details.

Explanation:

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Bonding between people and their consists of the exchange of information and understanding between portion and people in an organization.

4 0
3 years ago
"I promise to pay $5,000 to Lorenzo on or before August 1, 2001, in return for the same amount borrowed from him on May 1, 2001.
solong [7]

Answer:

C.

Explanation:

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5 0
3 years ago
What does the business cycle shown on this graph suggest about the condition of the economy at point A?
miv72 [106K]

Answer:

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Explanation:

hope it helps

8 0
3 years ago
The following errors took place in journalizing and posting transactions:
kirill115 [55]

Answer: See explanation

Explanation:

The journal entry to correct the errors is given below:

a. Dr Cash $8400

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b. Dr Supplies $2500

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Cr Account Payable $2500

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6 0
2 years ago
Can someone help me please? I Attached the question.<br> THANKS!!
Rasek [7]

Answer:

The absolute reference is $D$2

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The Mixed reference is  $D2

Explanation:

The absolute reference is  identify when $ fixes the cell row and colum

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The Mixed reference is  identify when $ either the cell row or colum

4 0
3 years ago
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