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
Lostsunrise [7]
3 years ago
13

Crane Flight Services contributes $25 a week to Helen's retirement plan starting immediately. Assuming she works for Crane for a

nother twenty-two years and the applicable discount rate is 4 3/4%. Given these assumptions, the value of this employee benefit today is closest to: (state your answer to 2 decimal places)
Business
1 answer:
Zigmanuir [339]3 years ago
7 0

Answer:

The value of this employee benefit today is closest to $17,758.66

Explanation:

Crane Flight services per week contribution C = $25

Discount rate per r=4.75%

Discount rate per week r= 4.75% / 52 =0.0913%

Total Payment N = $52 * 22 years = $1,144

Current value of employee benefit P = C*(1+r)*(1-(1+r)^-N)/r

P=25*(1+0.0913%)*(1-(1+0.0913%)^-1144)/0.0913%

P = 25 * (1.000913) * (1 - (1.000913)^-1144)/0.000913

P = 25 * (1.000913) * 1 - 0.3520453/0.000913

P = 25 * (1.000913) * 709.6985

P = 17758.661368

P = $17,758.66

You might be interested in
Large firms with significant slack resources (i.e., are able to launch a greater number of competitive actions) but that remain
Black_prince [1.1K]

Answer:

True.

Explanation:

It is true that large firms with significant slack resources but who remain flexible and act like small firms will be more successful against rivals.

Larger firm with significant high resources need to manage these resources with additional responsibility and there is a high risk of these resources to be remain unutilized or inappropriatly used, which may affect the company´s growth and does not remain flexible in taking risk, however, they can take greater number of competitive actions.

Small firm with lesser resources and less liability help them to be flexible and can take higher risk to be competitve in the market. They learn to optimum utilize the resources and plan new strategy that help them to be more successful against rivals. They are called "Dark horses" in the market.

7 0
3 years ago
One difference between financial and managerial accounting is that the external users that use financial information must plan a
Anestetic [448]

Answer:

False

Explanation:

The internal users of financial information are those people with an organisation that makes use of financial information.

they include :

  • The board of directors
  • Employees
  • Managers.

The external users of financial information are those who aren't within an organisation that makes use of financial information.

They include :

  • Investors
  • Lenders
  • Government
  • Regulatory bodies

External users of financial information use financial information in making decisions of whether to invest in or lend to a company

4 0
3 years ago
Craigmont Company's direct materials costs are $3,900,000, its direct labor costs total $7,810,000, and its factory overhead cos
Andreas93 [3]

Answer: the Prime Cost of a product is a Sum of Direct material Cost consumed and Direct labor Cost consumed for the production of the goods. They are called prime because primarily these costs share the base and major role in the production of any goods.

Explanation:

3 0
3 years ago
Why do producers and consumers need each other
Slav-nsk [51]
Because together they get the job done .
4 0
3 years ago
Rebecca works for a company that has clearly defined lines of authority. Each employee knows that he or she has authority and re
leonid [27]

Answer:

if it is only one answer then it is E. Responsibility and if to answers it is E. Responsibility and A. Specialization

Explanation:

they both symbolize business

5 0
3 years ago
Other questions:
  • The bookbinder company has made $150,000 before taxes during each of the last 15 years, and it expects to make $150,000 a year b
    11·1 answer
  • Ethics is a hot topic in business, as well as in Project Management. Using some of the examples presented therein, what kinds of
    8·1 answer
  • The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:
    15·1 answer
  • Suppose you bought a bond with an annual coupon rate of 8.6% one year ago for $860. The bond sells for $905 today. Assuming a $1
    5·1 answer
  • arasota Company obtained land by issuing 3,380 shares of its $12 par value common stock. The land was recently appraised at $146
    10·1 answer
  • Arthur owns a tract of undeveloped land (adjusted basis of $145,000) which he sells to his son, Ned, for its fair market value o
    15·1 answer
  • Which scenarios provided would cause a change in demand for grape jelly
    14·1 answer
  • Give three reasons why building apps might not be the sole source of income for an individual.
    10·1 answer
  • 8
    9·1 answer
  • What could support autoedge's ability to generate economic profits over the long term?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!