Answer: B costs
Explanation:
In business and accounting, cost is the monetary value that has been spent by a company in order to produce something.
Cost accounting aids in decision-making processes by allowing a company to calculate, evaluate, and monitor its costs.
Answer:
E. You should accept the $200,000 because the payments are only worth $195,413 to you today
Explanation:
We solve for the presnet value of an annuity of 20 year of $1400 at 0.5% discount rate
C 1,400.00
time 240 (20 years x 12 month per year)
rate 0.005 (6% / 12 monhts = 0.5% = 0.5/100 = 0.005)
PV $195,413.0804
Answer:
In simple words, Retired, incapacity, as well as survivor payments are all part of the Social Security program. In its nature, it is very much like a defined benefit pension plan.
Most employees contribute Social Security levies on their income to apply for many of these claims; claimants' advantages are dependent on the wages earner's payments. Aside from that, benefits like Supplemental Security Income (SSI) are dependent on use.
