Answer:
$43,294.77
Explanation:
Here is the full question used in answering this quetion :
You win a lottery that pays $10,000 each year for the next 5 years beginning next year. How much are your winnings worth today if the market interest rate is 5%?
Present value is the sum of discounted cash flows
PV can be calculated with a financial calculator
Cash flow in year 1 - 5 = $10,000
i = 5%
PV = $43,294.77
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
$ 61,000
Explanation:
Calculation for the amount that Firm ABC should report as retained earnings as of March 1, 2021
Retained earnings Balance $ 85,000
Less: Shares issued ($9,000)
(1500 *$6 per share)
Less: Net Loss ($15,000)
Ending Balance $61,000
Therefore the amount that Firm ABC should report as retained earnings as of March 1, 2021 will be $61,000
Explanation:
The journal entry is shown below:
Salary expense Dr $72
To Salary payable $72
(Being the salary expense is recorded)
The computation is shown below:
= Weekly payroll ÷ Number of days in a week
= $360 ÷ 5 days
= $72
While recording this adjusted journal entry we debited the salary expense and credited the salary payable
Answer: Competitive aggression is exploiting a distinctive competence or improving internal efficiency for competitive advantage. Your answer is D.