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Iteru [2.4K]
3 years ago
15

You just won the lottery. Congratulations! The jackpot is $85,000,000, paid in 10 equal annual payments. The first payment on th

e lottery jackpot will be made today. In present value terms, you really won assuming annual interest rate of 6.50%.

Business
1 answer:
Ray Of Light [21]3 years ago
7 0

Answer:

$65,076,885.59

Explanation:

We use the Present value formula that is shown in the spreadsheet attachment

Given that,  

Future value = $0

Rate of interest = 6.5%

NPER = 10 years

PMT = $85,000,000 ÷ 10 annual payments = $8,500,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the  present value is $65,076,885.59

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Land and other real estate held as investments by endowments in a government's permanent fund should be reported at
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Complete Question:

Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at

Group of answer choices

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B. Fair value less costs of disposal.

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Answer:

C. Fair value.

Explanation:

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3 years ago
Which of the following costs would continue to be incurred even if a segment is eliminated? A. Direct fixed expenses B. Variable
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Answer:

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Explanation:

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This is the case, for example, of payments such as leasing, since this, if nothing is sold, must be paid. It also happens with almost all labor payments, public services, insurance, etc.

Perhaps the main component of fixed costs is labor, therefore, it is not surprising that companies struggle every day for greater labor flexibility that allows them to convert those fixed costs into variables.

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Describe in detail the goals you have for this unit. 2. describe how this unit will help you in your professional development .
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Answer:

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