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Feliz [49]
3 years ago
13

You have just received notification that you have won the $2.5 million first prize in the Centennial Lottery. However, the prize

will be awarded on your 100th birthday (assuming you're around to collect), 63 years from now. What is the present value of your windfall if the appropriate discount rate is 7 percent
Business
1 answer:
sergeinik [125]3 years ago
8 0

Answer:

PV= $35,217,78

Explanation:

Giving the following information:

Future value= $2,500,000

Number of periods= 63 years

Interest rate= 7% compounded annually

<u>To calculate the value of the prize today, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 2,500,000 / (1.07^63)

PV= $35,217,78

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From an economic point of view, which approach to controlling pollution is most efficient?
Elenna [48]

Answer:

B. Reduce pollution as long as the additional benefits are greater than the additional costs.

Explanation:

8 0
3 years ago
Old Camp Company manufactures awnings for its own line of tents. The company is currently operating at capacity and has received
Helen [10]

Answer:

It is more convenient to continue the production in house.

Explanation:

Giving the following information:

The company is currently operating at capacity and has received an offer from one of its suppliers to make the 12,000 awnings it needs for $25 each. Old Camp’s costs to make the awning are $12 in direct materials and $7 in direct labor. Variable manufacturing overhead is 70 percent of direct labor. If Old Camp accepts the offer, $42,000 of fixed manufacturing overhead currently being charged to the awnings will have to be absorbed by other product lines.

Make in house:

Variable costs= 12 + 7 + (7*0.70)= $23.9

Total variable costs= 23.9*12000= 286,800

Buy= 25*12,000= $300,000

It is more convenient to continue the production in house.

3 0
3 years ago
When a labor union and an employer cannot agree on the terms of a contract what often happens?
vesna_86 [32]
A would be a good answer. 
5 0
3 years ago
A large computer hardware manufacturer
SashulF [63]

Answer:

I guess horizontal merger

8 0
2 years ago
Synthesis Inc. periodically reviews the goals of the company. During the process, the managers of the company analyze their curr
-Dominant- [34]

Answer:

B. controlling

Explanation:

Controlling can be defined as that function of management which helps to seek planned results from the subordinates, managers and at all levels of an organization.

The controlling function helps in measuring the progress towards the organizational goals & brings any deviations, & indicates corrective action.

The function of control consists of those activities that are undertaken to ensure that the events do not deviate from the pre-arranged plans.

The controlling function that Synthesis Inc does is as follows:

periodically reviews the goals of the company: Measurement of actual performance.

During the process, the managers of the company analyze their current strategies as compared to their competitors strategies: Measuring actual performance with the pre-determined standard and finding out the deviations.

determine goals that they will pursue, and decide upon specific actions for each area of the company to take in pursuit of these goals:d. Taking corrective action.

5 0
3 years ago
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