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lord [1]
3 years ago
13

Joseph has just accepted a job as a stockbroker. He estimates his gross pay each year for the next three years is $35,000 in yea

r 1, $21,000 in year 2, and $32,000 in year 3. The present value of these cash flows, if they are discounted at 4%, is closest to ______.
A. $79,452.30
B. $80,294.50
C. $81,517.10
D. $88,000
Business
1 answer:
Kamila [148]3 years ago
5 0

Answer:

The present value of the cash flows is closest to $81517.10. Thus, option C is the correct answer.

Explanation:

The present value of the cash flows is the value of future cash flows in today's terms. The cash flows are discounted back to today's value using an appropriate discount rate. The formula to calculate the present value of such cash flows is,

PV = CF1 / (1+r)  +  CF2 / (1+r)^2  +  CF3 / (1+r)^3

Thus, the PV = 35000 / (1+0.04)  +  21000 / (1+0.04)^2  +  32000 * (1+0.04)^3

PV = $81517.4101

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Answer:

Explanation:

The computation is shown below:

Corporate tax = (Taxable income - bonus expenses) × corporate tax rate

= (925,000 - $153,000) × 21%

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The corporate tax rate is 21% and we take the same for computation

Shareholder tax = Bonus expenses × marginal tax rate

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Answer:

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2)Engage your Guests.

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Explanation:

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3 years ago
Gary Downs recently has noticed that the plant he is managing is delivering only 30 percent of its products on time. To determin
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c. democratic

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VikaD [51]

Answer:

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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