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expeople1 [14]
3 years ago
6

Freida Farmer, 78 years young, from Karnak, IL has the winning Powerball lottery numbers which will pay out $7 million at the be

ginning of each of the next 30 years (reported prize of $210 million). Before claiming her prize, Dependable Insurance Company offers Frieda $100 million today in exchange for her winning lottery ticket and prize payout. What rate of return would Dependable Insurance earn if Frieda accepts their offer
Business
1 answer:
emmasim [6.3K]3 years ago
6 0

Answer:

6.218%

Explanation:

we can use the present value of an annuity due formula:

present value = annual payment x annuity due factor

  • present value = 100
  • annual payment = 7
  • PV annuity due factor, %, 30 periods = ?

100 = 7 x annuity factor

annuity factor = 100 / 7 = 14.28571429 ≈ 14.286

using an annuity calculator, the interest rate for a PV annuity factor, 30 periods and equal to 14.286 is 6.218%

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20. A company is in its first month of operations. On January 1, the company borrows $10,000 from the bank. The bank charges ann
goblinko [34]

Answer and Explanation:

amount borrowed = $10,000

interest rate =12%

interest accrued = $10,000*12%*1/12

                            = $100

date             general journal                          debit                    credit

jan 31            interest expense                       100                      

                        interest payable                                                    100

3 0
2 years ago
How would you reconcile your bank account to avoid spending more than you have
ElenaW [278]

Answer:

Your account will be placed on a fixed deposit whereby no transaction occurs until particular set periods.

Explanation:

8 0
3 years ago
Suppose two types of consumers buy suits. Consumers of type A will pay $100 for a coat and $50 for pants. Consumers of type B wi
n200080 [17]

Answer:

The firm will not sell any bundle, the amount of bundle to be sold will be zero.

Explanation

Solution

Since firm sells at $25 each for coats and pants, then If consumer wants to purchase both Pant and Coat, the customer will have to pay 25 + 25 = $50.

Also, If consumer purchase Pant and Coat as a Bundle then, he will pay 150. From the question stated we can conclude  that  their is a form of interest to pay for Pant and Coat for Both consumers are higher than 25.

However, they will have to pay an amount less for 1 coat and 1 pant if they buy this in a separate way instead of a  Bundle.

We can say, that type of consumers (both) will not buy the pants and coat as a bundle, but will want to buy them separately.

Therefore, any bundle will not be sold by firm. the amount of Bundle sold will be known as a zero Bundle

5 0
3 years ago
Which action will be least helpful if you’ve been the victim of identity theft?
lina2011 [118]

<u>Ordering your latest credit report</u> is the action that appeared to be the least helpful if you’ve been the victim of identity theft. Therefore, <u>the correct answer is D. </u>

If anyone has been a victim of identity theft, then it is important for such a person to officially report or contact any of the credit reporting companies to place a fraud alert on their credit report.

<h2>Further Explanation</h2>

Identity theft is when someone intentionally steals your information and uses such information without taking your permission. In the US, identity theft has become a booming business for fraudsters

In the US, 15.4 million Americans were a victim of theft, also identity theft tops complain of the consumer to the Federal trade commission. Regardless of how careful you seem to be, you can still fall victim to identity theft.

If you are a victim of identity theft, there are things you do immediately.

Some of the steps you can take to prevent an identity thief to further commit fraud with your details include

  1. Report any issues concerning identity theft to the federal trade commission (FTC)
  2. Ensure you clean up your entire account
  3. Immediately contact the credit Report Company and officially place a fraud alert
  4. In case of Tax-related identity theft, report to the IRS
  5. Place a block on your credit report
  6. Contact the company or the backs where the fraud occurred.

LEARN MORE:

  • Which action will be least helpful if you've been the victim of identity theft  brainly.com/question/1359436
  • Which action will be least helpful if you’ve been the victim of identity theft brainly.com/question/3968427

KEYWORDS:

  • victim
  • identity theft
  • irs
  • fraud
  • companies
  • account
5 0
3 years ago
Read 2 more answers
The SCOR model looks at a firm’s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as
Tpy6a [65]

Answer:

Source processes

Explanation:

The SCOR model looks at a firm´s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as being structured around five core management processes including <u>Source processes</u> which are processes that procure goods and services to meet planned or actual demand.

Supply chain operations reference (SCOR):  It is a strategic planning tool that helps in identifying, improving and communicating supply chain management decisions within the company. It is a continuous improvement process and establishing a benchmark for the industry. It also works to develop a business process for satisfying customer´s demand. SCOR is based on five management process:

  • Plan
  • Sources.
  • Make.
  • Deliver.
  • Return.

Source process: This process of supply chain management is defined as steps to procure goods and services to meet the requirement for infrastructural arrangements.

8 0
3 years ago
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