Answer:
$937.59
Explanation:
In this question, we use the PV formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $1,000
PMT = 1,000 × 5.76% ÷ 2 = $28.80
NPER = 21 years × 2 = 42 years
Rate of interest = 6.3% ÷ 2 = 3.15%
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value would be $937.59
Answer:
$0
Explanation:
Since Jackie owns less than 2% of the stocks of Jackson 5, then all the fringe benefits that she can receive are tax free. The same applies to Jermaine and Marlon.
Only Michael and Tito would be taxed for the fringe benefits that they receive since they own more than 2% (health insurance $11,000 + dental insurance $2,000). Access to the workout facility is not taxable for any of them.
Ethical formalists maintain that moral judgement should be based on logical form, that is, like laws that should be obeyed, rather than by their content, that is, judgement about activities or people.
Answer:
b. to enable workers to support themselves and their families
Explanation:
Minimum wages are the set minimum amount that employers are expected to pay employees. Minimum wage laws make it illegal for employers to pay employees below the set minimum. The purpose or objective of minimum wage laws is to ensure that the compensation employees receive can afford them a decent life.
In deciding the minimum wage, authorities consider the cost of living, inflation rate, among other factors. Opponents of minimum wage argue that minimum wages may bring about wage inflexibility, where a worker may be paid more than the value of their output.
Answer: Money your company has in the bank
Explanation: Cash reserve means money a company keeps in a bank to meet its short term/ emergency financial needs.
Cash is the most liquid form of cash reverse a company can keep. also a company can have short term funds like 3 months treasury bills and short term assets.