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
Vadim26 [7]
3 years ago
14

In 2000, a star major-league baseball player signed a 10-year, $266 million contract with the Texas Rangers. Assume that equal p

ayments would have been made each year to this individual and that the owner’s cost of capital (discount rate) was 8% at the time the contract was signed. What is the present value cost of the contract to the owners as of January 1, 2000, the date the contract was signed, in each of the following independent situations?

Business
1 answer:
guapka [62]3 years ago
3 0

Answer:

Complete detailed step wise solution is given below:

You might be interested in
Critics of the North American Free Trade Agreement argued that opening our borders to free trade with Mexico would result in U.S
myrzilka [38]

Answer:

The criticism is true to a certain degree, and unjustified to another degree.

Explanation:

It is true in the sense that the U.S. has indeed lost a lot of manufacturing to Mexico, simply because Mexico has far lower labor costs, and U.S. manufacturers have decided to take advantage of that by taking their plants to Mexican states.

It is also true that Mexico has been running a trade surplus with the United States in recent years, mainly because of the large manufacturing sector that Mexico has been developing.

On the other hand, the criticism is unjustified because neither a trade deficit nor the moving of manufacturing to Mexico mean that the United States as a whole is in worst condition than before NAFTA. In fact, most economists agree that free trade is a good thing for the economy as a whole, and that most people benefit from the lower costs and specialization that trade brings about.

The problem lies then, in the people who lose their jobs: formerly unionized manufacturing workers from the Rust Belt, for example. These people need to be helped with government assitance, both in terms of welfare, and training, so that they can find new jobs and make ends meet in the meanwhile.

5 0
2 years ago
Which of the following statements is true? A. The law requires a home inspection prior to every property transaction. B. Most ho
SOVA2 [1]
The correct option is A.
Home inspection refers to the examination of the condition of a home prior to buying. Home inspections are usually conducted by professional home inspectors who had been trained on that field. The law demands that a property should be inspected prior to buying and selling of that property. Home inspection is done purposely to identify any problem that might be associated with the property.
8 0
3 years ago
In the current year, Borden Corporation had sales of $2,190,000 and cost of goods sold of $1,295,000. Borden expects returns in
NNADVOKAT [17]

Answer:

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $131,400

Credit: Accounts Receivables $131,400

To record estimated Cost of Sales returns

Debit: Inventory Returns Estimated Account $77,700

Credit: Inventory on Sales on Returns $77,700

Explanation:

To derive the figure for Sales Refund payable for the year

6% of $2,190,000

= \frac{6}{100} * 2,190,000 = $131,400

To derive the figure for Inventory cost on Sales Refund payable for the year

6% of $1,295,000

= \frac{6}{100} * 1,295,000 = $77,700

3 0
2 years ago
An investment adviser representative is also a commisioned representative at a brokerage firm. the iar has developed an asset al
Zolol [24]

Answer:

The options include:

[A] cannot implement the plan

<em>[B] can implement the plan </em>

[C] can implement the plan only if no commissions are charged

[D] can implement the plan only if no management fee is charged

<em>[B] can implement the plan  is Correct</em>

Explanation:

Because the client or consumer has been fully disclosed and he agrees that the Adviser / Representative will obtain a management fee and commissions the Advisor / Representative will be allowed to progress with the project.

5 0
3 years ago
Once the production is in performance mode, who is the most important person in the show? the protagonist the director the stage
Darya [45]
<span>Once the production is in performance mode, the most important person in the show is the stage manager.
</span>The stage manager organizes and coordinates the theatrical production. He/she <span> schedules and runs rehearsals and </span>organizes the production and coordinates the communications between various personnel.
5 0
3 years ago
Other questions:
  • What is an advantage of selling consumable items
    12·2 answers
  • ​ home &amp; barn construction, inc., contracts with idyll farms to build a new dairy barn on idyll's property for which idyll a
    11·1 answer
  • Xavier opens up a lemonade stand for two hours. He spends $10 for ingredients and sells $60 worth of lemonade. In the same two h
    14·2 answers
  • Jamarcus, a full-time student, earned $3,700 this year from a summer job. He had no other income this year and will have zero fe
    6·1 answer
  • Calip Corporation, a merchandising company, reported the following results for October: Sales $427,000 Cost of goods sold (all v
    15·1 answer
  • How much does it cost to ship a chair from oregon to new york?
    11·1 answer
  • Transactions Interstate Delivery Service is owned and operated by Katie Wyer. The following selected transactions were completed
    10·1 answer
  • 2. Select the correct sentence for errors in the preceding report. 1. Sales salaries, promotional expenses, corporate office ins
    6·1 answer
  • The financial ratio that measures the accounting profit per dollar of book equity is referred to as the:
    10·1 answer
  • Target is seeking a new distribution system because A. competition from Amazon and Walmart is intense. B. it needs to speed up r
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!