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
IrinaVladis [17]
3 years ago
12

Suppose you have a winning lottery ticket and you are given the option of accepting $3,000,000 three years from now or taking th

e present value of the $3,000,000 now. The sponsor of the prize uses a 6% discount rate. If you elect to receive the present value of the prize now, the amount you will receive is:
Business
1 answer:
Minchanka [31]3 years ago
7 0

Answer:

The amount that will be received today is $2518857.85

Explanation:

To calculate the amount that will be received today, we need to discount the amount that will be received three years from now for a period of 3 years using the given discount rate. As there is only a single cash flow, we will use the formula for present value of principal.

The present value of principal is,

Present value = Cash flow / (1+d)^t

Where,

  • Cash flow is the amount for which we have to found the present value
  • d is the discount rate
  • t is the time in terms of number of periods
  • Here the t is in years and the number of periods is 3 years

Present value = 3000000 / (1+0.06)^3

Present value = 2518857.849 rounded off to $2518857.85

You might be interested in
Most students are on strike. Very few students were crossing the picket line. In fact, the postal employees refused to deliver m
brilliants [131]

Answer:

TRUE.

Explanation:

A secondary boycott is an attempt to influence the actions of one business by exerting pressure on another business. It is a situation where one refuses to do business with a company in an attempt to persuade them not to do business with another company where the employees are striking or involved in a disagreement with their employees.

Typically a labor union involved in a dispute with an employer will arrange a secondary boycott if less drastic measures to reach a satisfactory accord with the employer have been ineffective. Secondary boycotts have two main forms: a secondary consumer boycott, in which the union appeals to consumers to withhold patronage of a business, and a secondary employee boycott, in which the union dissuades employees from working for a particular business.

Since the postal employees refused to deliver mail claiming that they were honoring the strike for their fellow service union members. Therefore, it is TRUE that the postal employees were participating in a voluntary secondary boycott.

4 0
3 years ago
1. Jovanna has determined that she wouldn't want to be a nurse because she really doesn't like the sight of blood and she tends
goblinko [34]
I think the correct answer from the choices listed above is the first option. The stage of career matching is she in would be <span>eliminating options that don't match her characteristics. She is eliminating the career paths that does not suit to her. Hope this answers the question. Have a nice day.</span>
6 0
2 years ago
Read 2 more answers
"Much of the information that allows decision makers to run their organizations effectively in the digital age comes to them in
Alenkasestr [34]

Answer:

The correct answer is letter "B": reports.

Explanation:

Financial reports are the accounting statements managers request to find out what the performance of the company is. Based on that information that could be digitally formatted, top executives can decide what course the firm should take. If the current strategy is not working as expected, adjustments could be made or new strategies can be adopted to run the business effectively.

3 0
3 years ago
Read 2 more answers
Which organization was one of the five services that merged to form the current Coast Guard?
True [87]

Answer:

The modern Coast Guard was formed by a merger of the U.S. Revenue Cutter Service and the U.S. life-saving on 28 january 1915

6 0
2 years ago
The repair shop owner feels that he is losing many customers needing routine repair because of the long wait. He dedicates one h
a_sh-v [17]

Answer:

This question highlight regarding finding out the Flow time which were given as - Inventory / Time.

The repair shop is now dedicates that one elevator for routine and one for key. Now compute the Flow time for both cases.

Case 1: - For Routine Repairs: -

Inventory = 5

Time = 3 per hour.

Therefore, the Flow Time = Inventory / Time = 5/3 = 1.67 hours

Thus, the cars wait time at an average of 1.67 hrs. before being served at routine repairs.

Case 2: - For Major Repairs: -

Inventory = 3

Time = 1 per hour.

Therefore, Flow Time = Inventory / Time = 3/1 = 3 hours

Thus, the cars wait time at an average of 3 hrs. before being served at major repairs.

6 0
2 years ago
Other questions:
  • Transformational leaders use four key kinds of behaviors that affect followers. paul vallas exhibits _________ as he explains hi
    11·1 answer
  • Daniel, the supervisor of a team of financial analysts, aims to become a manager. He is confident about his ideas in the workpla
    7·1 answer
  • One should never allow a stock to boil because it will cause cloudiness and
    12·1 answer
  • Suppose there is currently a tax of $50 per ticket on airline tickets. Buyers of airline tickets are required to pay the tax to
    12·1 answer
  • Where there is no well-understood or agreed-on procedure for making a decision, it is said to be ______a) structuredb) collabora
    5·1 answer
  • Estelle has 30 years of experience in your field and has answered your questions giving you advice and help you make contacts sh
    5·1 answer
  • Firm ML, a non-corporate taxpayer, exchanged residential rental property plus $15,000 cash for 20 acres of investment land with
    7·1 answer
  • Reverend Isaiah receives an annual salary of $36,000 as a full-time minister. This includes $4,000 designated as rental allowanc
    6·1 answer
  • What are the differences between psychodynamie and psychounalytic<br> theories of personality?
    9·1 answer
  • The product life cycle impacts marketing strategies in which way?.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!