Answer:
$386,080
Explanation:
In order to find the Coverage of sally's investment in life insurance for 10year can be done by making 10-year table
Year Cashflow Discount factorI5%) Present Value
$ $ $
1 50,000 0.9524 47,620
2 50,000 0.9070 45,350
3 50,000 0.8638 43,190
4 50,000 0.8337 41,135
5 50,000 0.7835 39,175
6 50,000 0.7462 37,310
7 50,000 0.7107 35,535
8 50,000 0.6768 33,840
9 50,000 0.6446 32,230
10 50,000 0.6139 30,695
NPV = Sum of all present values
NPV = $386,080
Dirt road is another word for trail
Please learn how to english...
The three levels of planning is the corporate, business and functional planning
.3 Levels:
1. Corporate level strategy illustrates decisions that affect an entire company.It specifies whichindustry an organization should compete and why?
2. Business level strategy specifies the methods or tactics a business or organization will use togain a competitive advantage over their competition.
3. Function level strategy is the action plan of how each division within a company willpositively add to increase the productivity of goods and services.
3 steps in planning process:
1. Determining the Organization’s Mission and Goals - Throughan analysis of information gathered during environmentalanalysis, managers can determine the direction in which anorganization should move. 2. Formulating Strategy (TacticalPlan) – Analyze the current situation and develop strategies.Strategy formulation requires a series of steps performed insequential order. The steps must be taken in order because they<span>build upon one another. 3. Implementing Strategy</span>