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
Volgvan
3 years ago
6

You just won the $85 million Ultimate Lotto jackpot. Your winnings will be paid as $3,400,000 per year for the next 25 years. If

the appropriate interest rate is 6.7 percent, what is the value of your windfall?
Business
1 answer:
Alex Ar [27]3 years ago
6 0

Answer:

PV= $40,716,437.34

Explanation:

Giving the following information:

Cash flow= $3,400,000 per year

Number of years= 25

Interest rate= 6.7%

To calculate the present value, first, we will calculate the future value:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {3,400,000*[(1.067^25) - 1]} / 0.067

FV= 206,006,183.4

Now, the present value:

PV= FV/(1+i)^n

PV= 206,006,183.4/ (1.067^25)

PV= $40,716,437.34

You might be interested in
Valuing my degree. I went to LSUS for 2 years and did not work. It cost me $35,000 per year (tuition and living). When I graduat
Llana [10]
I have no idea I’ve tried everything
4 0
3 years ago
Sales of mobile phones in the United States are still increasing, but the rate of growth has slowed. Sales are expected to peak
m_a_m_a [10]

Answer:

maturity

Explanation:

Based on the scenario being described within the question it can be said that the mobile phones are in the maturity stage of the product life cycle. This stage is classified as having past the drastic growth phase in which sales begin to slow down until full maturity is met and sales ultimately begin to die down. Leading to the decline stage.

5 0
3 years ago
Read 2 more answers
If Nike had signed a release not to sue Already for past violations of trademarks, in exchange for some money, would this case l
Otrada [13]

Answer:No, Because the signed agreement was for previous violations, it does not cover future violations.

Explanation: Trademarks are intellectual property rights that is represented by appropriate signs, pictures etc signifying that the owner of the product has the right to the trade if certain types of product or products.

Trademark are legally approved rights that any violations can lead to severe consequences based on the enabling laws as enshrined in the constitution of a country.

5 0
3 years ago
Roberto Baldwin As the owner and manager of Fantastic Toys, Roberto Baldwin is fascinated by all the changes occurring and trans
Ludmilka [50]

Answer:

A) increases its connectivity with people and organizations in other parts of the world.

Explanation:

deep-level diversity which can be regarded as task-related diversity is

less observable as well as deeper-leveled attributes which could be

attitudes, functional expertise and personality. In the case above, If Roberto wants to study deep-level diversity in his organization, he should increases its connectivity with people and organizations in other parts of the world.

7 0
2 years ago
During October the plant produced 8,000 ingots and incurred the following costs: a. Purchased 33,000 pounds of materials at a co
goldfiish [28.3K]

Answer: Total Variable Costs = $110130

Explanation:

The question in incomplete. Requirements were not provided in the question, as a result it is not clear what the question requires us to do. We will assume the question requires us to calculate Total variable costs since There is nothing in the question that talks about fixed costs.

Total Variable Costs

Manufacturing costs

Direct Material Per pound = $2.95

Direct Material used  = 27800 pounds

Direct Material Cost = 27800 x 2.95 = $82010

Direct Labor

Direct Labor cost per hour = $6.20

Direct Labor hours = 3800

Direct Labour Cost = 3800 x $6.20 = $23560

Variable Manufacturing overhead cost = $4560

Total Variable Costs = Direct Material cost + Direct labor costs + Variable Manufacturing overhead

Total Variable Costs = $82010 + $23560 + $4560

Total Variable Costs = $110130

7 0
3 years ago
Other questions:
  • Booth's fixed assets were used to only 50% of capacity during 2018, but its current assets were at their proper levels in relati
    8·1 answer
  • Search the Internet for information on software development management policies.
    15·1 answer
  • "When ClubCorp had an attrition problem, they hired a market research company to get to the bottom of things. What two things di
    7·1 answer
  • When walmart gathers information about what target is doing so as to be more​ proactive, walmart is engaged in​ ________?
    15·1 answer
  • Events that occur after the December 31, 2021 balance sheet date, but before the balance sheet is issued, and provide additional
    6·1 answer
  • Which statement describes a convention used by Italian Baroque artist Caravaggio in The Conversion of Saint Paul?
    8·1 answer
  • If a company purchases equipment costing $4,500 on credit, the effect on the accounting equation would be: Multiple Choice Asset
    9·1 answer
  • Smith's operating cash flows in millions were $100, $150, $80 during the past three years; while Jones' operating cash flows in
    8·1 answer
  • Which of the following types of inventory describes inventory that has been purchased but not​ processed?A. raw material invento
    13·1 answer
  • Vail Mountain Resort in Vail, Colorado, is a world-class ski destination. Vanessa is a newly-hired manager of digital media and
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!