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Alja [10]
3 years ago
10

The present value of a single sum is: Select one: A. The amount that would be paid today to receive a single amount at a specifi

ed date in the future B. The amount that would be paid today to receive a single amount at an unspecified date in the future C. The amount that would be paid at a specified date in the future to receive a single amount today D. The amount that would be paid at an unspecified date in the future to receive a single amount today E. None of the above
Business
1 answer:
Marina86 [1]3 years ago
8 0

Answer:

The correct answer is letter "A": The amount that would be paid today to receive a single amount at a specified date in the future.

Explanation:

The present value (PV) of a single sum tells us how much a future sum of money is worth today given a specified rate of return. This is an important financial concept based on the principle that money received in a specific time in the future is not worth as much as an equal sum received today.

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How to become a firefighter. I want to become one.
ladessa [460]

Answer:

-valid driver's license

- 18 years old or more (for  younger than 18 you can look into limited involvement as a junior firefighter.)

- At least a high school diploma or GED.

- pass the physical ability test.

- Pass the written exam

- pass the interview

-You’ll still need to attend a department’s academy once hired

(may be differnt depending on your state, country, etc)

<3

5 0
3 years ago
Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of
balandron [24]

Answer:

a) The demand curve for unskilled labor is vertical.

Explanation:

Someone says, "Even though the equilibrium wage rate is $8 an hour in the unskilled labor market, if we impose a minimum wage of $10 an hour, no one currently working will lose his or her job." This person must believe that the Group of answer choices demand curve for unskilled labor is vertical.

Response to prices depend on the elasticity of demand because elasticity of demand relates to how quantity demanded will fall as a result of increase in price or in this case wage rate.

A vertical demand curve is a pictorial demonstration of a perfectly inelastic demand which means that no matter how much to you increase the price no change will occur in quantity demanded as such a good is most essential to the consumers.

Therefore if the demand for labor is perfectly inelastic, it means nobody will be laid off with increase in wage rate as firms will not change their quantity demanded for labor.

4 0
3 years ago
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If your budget allowed you extra money for this month, would you choose to consume, invest, or save that money? Why? Be specific
ruslelena [56]
Personally, I would choose to save that money. The reason why is you never know - maybe something bad is going to happen and you will need that extra cash. So instead of splurging it on material things, it's better to save it for a rainy day, in my opinion. Investing is not safe, given that you may lose a lot more than you invest. 
3 0
3 years ago
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Ana has won a lottery. she was offered two options to receive the award: she can either take it in five installments of $60,000
ANTONII [103]
She should choose to<span> take a lump-sum of $271,000 now. This is the best option since the other option would have a present value less than $271,000. If you use the present value annuity calculator, you can get the present value of the installment option to be </span>$259,768.60. Therefore, the the lump – sum payment option is the most appropriate.<span> </span>
8 0
3 years ago
Which of the following statements is NOT true concerning the Other Dependent Credit
omeli [17]

Answer:

The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.

Explanation:

Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.

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3 years ago
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