Answer:
$464,968.53
Explanation:
Calculation to determine how large must the lump sum be to leave him as well off financially as with the annuity
Using Financial calculator to find the PRESENT VALUE (PV)
N 15 years
I/YR 7.5%
PMT $49,000 per year
FV $0
Hence;
PV= $464,968.53
Therefore how large must the lump sum be to leave him as well off financially as with the annuity is $464,968.53
The statement that is true here is:
c.
Max has made a counter-offer.
Explanation:
Max here is giving another offer on the above of the offer that is given by Allie the travel agent.
He is trying to bargain himself into a better position in the deal and then to seal it as he can see an obvious profit in the game.
Thus, this counter deal that is offered puts both parties in a situation of advantage and either of the two can make things final or obstruct the deal spending on if they would want this deal to take place on the given terms or would want better terms.
Answer:
C. In order to increase buying power, you need to earn a rate higher than the rate of inflation.
Explanation:
Price of different thing which we need, increases with inflation rate. Your buying power will be determined by netting your earning and expenditures of a specific period. If you are earning more than your spending then you have some savings and your buying power increases. On the other hand if your earning is less than your spending then your buying power decreases because you don't have savings.
The journal entry for this issuance would include is $ 10,53,000.00.
A magazine entry consists of the acquisition of machinery with the aid of the country wherein the equipment account could be debited, and the coins account may be credited.
A magazine access is a report of the enterprise transactions inside the accounting books of a enterprise. A well documented magazine entry consists of the best date, amounts to be debited and credited, description of the transaction and a completely unique reference wide variety. A magazine access is the first step within the accounting cycle.
Debit Credit
Number of shares = $ 39,000
cost of per shares = $3
total cash of shares = $ 117000 117000
Common stock ( 39000 * 3 ) 117000.00
Paid in capital ( 39000 shares * 27) 10,53,000.00
(To record the issuance of shares at a premium of $ 27)
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