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labwork [276]
3 years ago
12

Geraldo recently won a lottery and chose to receive $100,000 today instead of an equivalent amount in 10 years, computed using a

n 8 percent rate of return. today, he learned that interest rates are expected to increase in the future. use exhibit 3.1. is this good news for geraldo given his decision?
Business
1 answer:
azamat3 years ago
3 0

This is good news for Geraldo's choice. On the off chance that Geraldo deferred the $100,000 at a 8 percent interest rate, the expansion in loan fees would have lessened the present estimation of the lottery rewards. The proportionate sum in 10 years at 8 percent is roughly $216,000. In the event that this sum was discounted back to display an incentive at 10 percent (rather than 8 percent), the present esteem would be just about $83,000.

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Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accou
Alborosie

Answer:

Date        Accounts title                        Debit$      Credit$

1-Oct        Rent expense Account          4300

                     Cash account                                      4300

3-Oct       Advertisement expense         2760

                     Cash account                                      2760

5-Oct     Supplies Account                     1180

                    Cash account                                       1180

6-Oct     Office equipment Account      18100

                    Accounts payable                                18100

10-Oct    Cash account                            5900

                    Accounts receivable                            5900

15-Oct     Accounts payable                     1730

                    Cash account                                        1730

27-Oct    Misc expense Account              750

                     Cash account                                      750

30-Oct    Utility expense Account            280

                     Cash account                                      280

31-Oct     Accounts receivable Account  39300

                     Service revenue                                 39300

31-Oct    Utility expense Account            470

                     Cash account                                      470

31-Oct    Jason payne, Drawings            3000

                    Cash account                                        3000

8 0
3 years ago
How do financial intermediaries impact the market efficiency?​
erastovalidia [21]

Answer:

help create efficient markets and lower the cost of doing business. Intermediaries can provide leasing or factoring

Explanation:

3 0
3 years ago
Read 2 more answers
Which NAACP official praised armed self-defense in his memoir Negroes with Guns and broadcast his militant message on his Radio
JulsSmile [24]

Answer:

Robert F Williams

Explanation:

He was born in Monroe, North Carolina. He was elected as the local branch president of the NAACP. He was the father of the Black Power movement and civil rights leader who openly advocated armed self-defense for blacks in the 1960s. He inspired the Student National Coordinating Committee, The Revolutionary Action, and The Black Panther Party.

6 0
4 years ago
Real per capita GDP in Taiwan in 1961 was about $500, but it doubled to about $1000.00 by 1981. a. What was the average annual e
aliya0001 [1]

Answer:

the average annual economic growth rate in Taiwan from 1961 to 1981 was 41.42%

Explanation:

Hi, we need to use the following formula.

FV=PV(1+r)^{t}

Where:

FV = GDP in 1981 ($1,000)

PV = GDP in 1961 ($500)

r = growth rate

t = years from 1981 to 1961 (20 years)

So, it should look like this:

1,000=500(1+r)^{20}

Now, we solve for "r"

\frac{1,000}{500} =(1+r)^{20}

2=(1+r)^{20}

\sqrt[20]{2} -1=r

r=0.4142

So, the growth rate of Taiwan´s GDP is 41.42%

Best of luck.

5 0
3 years ago
Hart Company has the following activities in 2012. The company had total cash sales of $2,000. During the year they incurred and
Irina18 [472]

Answer:

$500

Explanation:

              2012 Income Statement

Revenue                                            $2,000

<u>Expenses</u>

Wages incurred and paid  $500

Salaries                               $400

Interest on bank loans       <u>$600</u>    <u>$1,500</u>

Net Income                                       <u>$500  </u>

So, the amount of $500 will be shown as Net Income on the 2012 Income Statement.

6 0
3 years ago
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