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You have been awarded an insurance settlement of $211,400 that is payable one year from today. What is the minimum amount you sh

Gekata [30.6K]

If you can make 6.3 percent on the investments, the minimum amount you should take today in exchange for this settlement is $198,871. (Approx).

<h3>What is the present value?</h3>

The current value of a future sum of money or stream of cash flows, assuming a certain rate of return, is known as present value (PV).

In the given case, there is a need to find out the present value of $211,400.

<u>Computation</u>:

According to the given information,

Present value = $211,400 × 1/(1 + r)n

Present value =$211,400× 1/1.063

Present value =$211,400× 0.940734

Present value =$198,871(Approx).

Learn more about the present value, refer to:

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8 0

2 years ago

You are purchasing an equipment for $ 200,000 for your new store. Assume the store has no other expenses or revenues other than

djverab [1.8K]

Answer:

Negative cash balance of $210,000.

Explanation:

Given that,

cost of equipment = $200,000

Inventory purchased = $12,500

Cash balance = $2,000

Accounts payable = $4,500

Net cash flow at time zero:

= (cost of equipment) + (Increase in working capital)

= ($200,000) + (Inventory purchased + cash balance - Accounts payable)

= ($200,000) + ($12,500 + $2,000 - $4,500)

= ($200,000) + ($10,000)

= ($210,000)

Note: Negative values are in the parenthesis.

4 0

3 years ago

Partial balance sheets and additional iformation are listed below for Sowell Company.

musickatia [10]

Answer and Explanation:

The preparation of the operating activities section is presented below

Cash Flows from operating activities

Net Income $88,000

Adjustment made for non cash items:

Depreciation Expense $19,000

Add: Decrease in Account Receivable $15000 ($70,000 - $85,000)

Less: Increase in Inventory $(5000) ($40,000 - $35,000)

Less: Decrease in accounts payable $(8000) ($54,000 - $62,000)

Net cash flows from operating activities $109,000

3 0

3 years ago

Match the job role with the job title. (More than three answers)

Dmitry_Shevchenko [17]

Explanation:

Internal Revenue Investigator:

The responsibility of Internal Revenue investigator is that to collect the taxes from people as well from corporation on time so that the Government can deliver service to the people.

Roles:

1. Review financial records of large businesses and corporations.

2. Review tax documents and returns for errors and inaccuracies

Federal Aid Coordinator:

To help the financial needy and to appreciate the merit student, Federal Aid coordinator will evaluate and find the candidates / students accordingly.

Roles:

1. Evaluate students applications for financial aid

2. Review policies and grant funds to students in need

3. Paralegal:

He/ She is the person who is assisting the lawyer in terms researching about the crime that has happened. In simple term we can call that as investigation.

Roles:

1. Gather evidence and prepare for court

2. Conduct research that is pertinent to a criminal case.

3 0

3 years ago

Twilight Company uses the aging of accounts receivable method to estimate Bad Debt Expense. The balance of each account receivab

AnnZ [28]

Answer:

a. Acct. receivable % uncollectible Est. uncollectible

1-30 days old $63,000 3% $1,890

31-90 days old $12,000 14% $1,680

> 90 days old $5,000 37% <u>$1,850</u>

Total <u>$5,420</u>

b. Date General journal Debit Credit

Dec 31 Bad debts expenses $5,150

Allowance for doubtful accounts $5,150

($5,420 - $270)

6 0

3 years ago