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
iVinArrow [24]
4 years ago
6

Global Enterprises has just signed a $3 million contract. The contract calls for a payment of $.5 million today, $.9 million one

year from today, and $1.6 million two years from today. What is this contract really worth if Global Enterprises can earn 12 percent on its money
Business
1 answer:
kakasveta [241]4 years ago
7 0

Answer:

$2.58 million

Explanation:

Given that

First payment today = 0.5million

Second payment a year time = 0.9 million

Third payment in 2 years time = 1.6 million

In calculating the real worth of the contract, second payment must be brought back by one period at 12% rate because the payments a made a year from today and also the third payment must be brought back two period at 12% rate because the payments is made two years from today.

Thus

Real value/worth = 0.5 + (0.9 ÷ [1 + 0.12]) + (1.6 ÷ [1 + 0.12]^2)

= 0.5 + 0.803 + 1.275

= 2.578 million

Approximately $2.58million

You might be interested in
Identify the guideline that should be followed by a supervisor to discourage unions.
Mekhanik [1.2K]

<span>A supervisor can take many steps when it comes to handling unions within the company. First that should be taken into consideration is, the supervisor’s communication to his/ her people. The people should know that the supervisor is always available when they need to talk about the policies of the company and why there is no necessity to have a third party. The employees should also have the knowledge on what is going on inside the business. They should always be informed about the standing of the company in the market.  Another is, there should also be an outlet where the employees can air out their concerns thus the supervisor should also provide these outlets.  Another concern that should be addressed properly is the fairness of the pay. This means that the principle of paying the employees must be put into mind; this is that they are paid according to the work that they do and second is let the employee know that they are paid fairly. Do this by market surveying the wages every year. Be honest to the employees by letting them know the economic standing of the company. They will surely understand the situation. The company must also remember the employees who stood by them during the hard times by giving them fair returns when the company is already in a good standing.  Next is, when you see that an employee is making good performance, companies must also do their responsibility by acknowledging the efforts and giving incentives for their good performance. </span>

6 0
3 years ago
Please help for this question
Rasek [7]

Answer:

task based maybe ?

Explanation:

if it's correct than mark me brainliest

7 0
3 years ago
Planning is often called the primary management function because​ _____________.
lesantik [10]

Planning is often called the primary management function because,

a. it establishes the basis for all the other things managers do

-Mabel <3

4 0
4 years ago
Using a steel framework with masonry sheathing, the _____________, designed by louis sullivan, is thought by many to be the firs
xxTIMURxx [149]

wainwright building

7 0
4 years ago
Suppose your bank account pays interest monthly with an effective annual rate of 6%. What amount of interest will you earn each m
Bess [88]

Answer:

0.4868%

$615.47

Explanation:

Given that

a. EAR = 6%

Thus,

Equivalent monthly rate = (1 + r)^n - 1

Where r = EAR

Therefore

= (1 + 0.06)^1/12 - 1

= 1.0048675 - 1

= 0.0048675 × 100

= 0.4868%

b. Given that

Monthly rate = 0.4868%

Future value = 100,000

Time = 10 years

Recall that

FV annuity formula = C × (1/r) × ([1 + r ]^n - 1)

Where

C = payment

Therefore

100000 = C (1/0.004868) × ([1 + 0.004868]^120 - 1)

C = 100,000/(1/0.004868) × ([1 + 0.004868]^120 - 1)

C = $615.47 per month

4 0
3 years ago
Read 2 more answers
Other questions:
  • Jones of San Diego sold Long of Baton Rouge a video system with a $6,000 list price. Sale terms were 2/10, n/30 FOB San Diego. J
    9·1 answer
  • Bruce and lou, who sit next to each other, distract each other in the classroom. the teacher has tried rewarding them for approp
    9·1 answer
  • When don was faced with the problem of fixing the faucet in his kitchen, he suddenly realized that he didn't have to hire a cost
    8·1 answer
  • On June​ 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 500​, and transferred the costs to Finished Goods In
    14·1 answer
  • Before the year​ began, Venus Manufacturing estimated that manufacturing overhead for the year would be $ 175 comma 900 and that
    13·1 answer
  • Alexandra owns stock in a corporation, and she just received 100 additional shares of stock as part of the corporation’s distrib
    14·1 answer
  • How could the adoption of blockchain within a supply chain help the world become more sustainable and, in some cases, eco-friend
    14·1 answer
  • A company has $1,500,000 in current assets and $500,000 in current liabilities. The company's current inventory level is $250,00
    14·1 answer
  • What is a traditional career?
    5·2 answers
  • Removing stressors before they can cause stress would be considered what type of stress reduction strategy?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!