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
egoroff_w [7]
4 years ago
6

You have just received notification that you have won the $3 million first prize in the Centennial Lottery. However, the prize w

ill be awarded on your 100th birthday (assuming you’re around to collect), 78 years from now.What is the present value of your windfall if the appropriate discount rate is 10 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Oksanka [162]4 years ago
7 0

Answer:

Present Value= $1,772.115

Explanation:

Giving the following information:

You have won the $3 million first prize in the Centennial Lottery.

However, the prize will be awarded on your 100th birthday, 78 years from now. What is the present value of your windfall if the appropriate discount rate is 10 percent.

We need to use the following formula:

PV= FV/[(1+i)^n]

PV= present value

FV= final value

PV= 3000000/(1.10^78)= $1,772.115

You might be interested in
"Mr. Z was recently promoted to an executive position by his corporate employer. The corporation now requires him to entertain c
AlladinOne [14]

Answer:

Following description will make you concept clear an help you.

Explanation:

3 0
4 years ago
19.
geniusboy [140]

Consumer self-defense strategies include seeking resolution.

<u>Explanation:</u>

Consumers are the final users of a product or a service. When the products or services does not satisfy a consumer he or she is eligible to file a complaint against that. But, doing this can be a costly one and also consumes lot of time. So, the decision of going to court is done only when there is a serious issue. The consumer can file a lawsuit and go to court.

A consumer must be able to take actions legally when it is in need. It is the last weapon when all the other things fails. The consumers self defensing ideas and strategies includes seeking resolution. It will be very useful to mark your interest about a particular solution that your are interested in.

7 0
3 years ago
__________ means that managers are honest and trustworthy, fair in their dealings with employees and customers, and behave ethic
iragen [17]

Answer:

ethical leadership

Explanation:

Ethical leadership is a leadership style that focuses on the respect for ethical values, employees' dignity and the overall rights of everyone related to the organization, including those who work at it, its customers, and related community.

Ethical leadership emphasizes personal values such as trust, honesty, empathy, fairness, etc.

3 0
3 years ago
XYZ plans to sell 28,000 units in April. If it has 6,000 units on hand at the start of the month, and plans to have 9,000 units
Evgen [1.6K]

Answer:

Purchases= 31,000

Explanation:

Giving the following information:

Sales= 28,000 units

Beginning inventory= 6,000 units

Desired ending inventory= 9,000 units

<u>To calculate the purchases, we need to use the following formula:</u>

Purchases= sales + desired ending inventory - beginning inventory

Purchases= 28,000 + 9,000 - 6,000

Purchases= 31,000

6 0
3 years ago
Which group once represented 35 percent of the labor force, but today, __________ represent only about 11.1 percent of the labor
sveta [45]

Answer:

"Labor unions" seems to be the right approach.

Explanation:

  • Labor unions, therefore, have a substantial effect on jobs, corporations, and as well as the political system.
  • This seems to be a worker association done to negotiate with the workplace in addition to performance management, such as claims, labor issues, compensation, minimum wages, service time, as well as other job security.
7 0
3 years ago
Other questions:
  • Net credit sales for the month are $670000. The accounts receivable balance is $170000. The allowance is calculated as 10% of th
    11·1 answer
  • Suppose your credit card issuer states that it charges a 15.00% nominal annual rate, but you must make monthly payments, which a
    8·1 answer
  • Knowledgeable entrepreneurs are attracted to unfamiliar industries where they can raise capital based on their skills.
    5·1 answer
  • Judy Olsen, Kristy Johnston, and their mother, Joyce Johnston, owned seventy-eight acres of real property on Eagle Creek in Meag
    12·1 answer
  • Mary​ Andrews, Inc. had the following​ transactions: Cash proceeds on sale of land $ 430 comma 000 Cash proceeds on sale of equi
    10·1 answer
  • Kim Jordan, cofounder and CEO of New Belgium Brewery, believes that the New Belgium Brewery is acting as a business role model.
    9·1 answer
  • What is the fundamental goal of a business
    10·2 answers
  • Select all the items that describe kinds of externalities
    5·1 answer
  • Suppose Robina Bank receives a deposit of $53,589 and the reserve requirement is 3%. Answer the questions using this information
    15·1 answer
  • To calculate direct materials on the schedule of cost of goods manufactured, add purchases to beginning raw materials inventory
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!