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hodyreva [135]
3 years ago
14

You have just received notification that you have won the $1.25 million first prize in the Centennial Lottery. However, the priz

e will be awarded on your 100th birthday, 79 years from now. The appropriate discount rate is 6.4 percent. What is the present value of your winnings
Business
1 answer:
MrRa [10]3 years ago
5 0

Answer:

$9,300.82

Explanation:

The formula for calculating present value:

P = FV (1 + r)^-n

FV = Future value = $1.25 million

P = Present value

R = interest rate = 6.4 percent.

N = number of years = 79

1.25 (1.064)^-79 = $9,300.82

I hope my answer helps you

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Kingston Co. uses the percentage-of-receivables basis to record bad debt expense.
Troyanec [42]

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $2,700

      To Allowance for doubtful debts $2,700

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= (Accounts receivable × estimated percentage given ) - (credit balance of Allowance for Doubtful Accounts)

= ($420,000 × 1%) -  ($1,500)

= $4,200- $1,500

= $2,700

4 0
3 years ago
A large St. Louis feed mill, Robert Orwig Processing, prepares its 6-month aggregate plan by forecasting demand for 50-pound bag
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Production planning simply means the act of designing a guide for the production of a particular good or service.

It should be noted that production planning is important to ensure that all necessary preparation is completed before the start of a production cycle.

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3 0
2 years ago
Asynchronous Testing of 2 Specimen-Diversion Devices to Reduce Blood Culture Contamination: A Single-Site Product Supply Quality
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Skin antisepsis kits having alcohol and chlorhexidine gluconate or tincture of iodine are associated with low rates of blood culture contamination.

<h3>Skin antisepsis kits</h3>

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6 0
10 months ago
TarHeel Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased
ddd [48]

Answer:

TarHeel's accounting effective tax rate is 19.95%

Explanation:

The effective tax rate is the hypothetical tax rate adjusted for the tax cost or benefit from permanent difference.

the dividend received deduction reduces the Effective tax rate

= 50,000*21%

= 10,500/1,000,000

= 1.05%.

Effecttive tax rate is 21% - 1.05% = 19.95%

Therefore, TarHeel's accounting effective tax rate is 19.95%

5 0
3 years ago
What is the totality of a firm's organizational arrangements, including its formal organizational structure, control systems, in
Rainbow [258]

Answer:

Organizational architecture.

Explanation:

The organizational architecture can be defined as the structure of the company, which includes all the integrated systems of the organization, that is, all the tangible and intangible assets that make up the organizational whole.

In order to operate effectively, every organization must have an organizational architecture that enables the correct flow of processes that will assist in achieving the objectives and goals.

To assess which type of organizational architecture is appropriate for a business, it is necessary to analyze the company's systems, culture and strategy.

3 0
3 years ago
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