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
Nostrana [21]
3 years ago
7

Mongoose Trucking just signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one

year from today, and $1.4 million two years from today. What is this contract worth today at a discount rate of 8.7 percent?
Business
1 answer:
wlad13 [49]3 years ago
5 0

Answer:

The present value or the worth of the contract today is 3.48 million

Explanation:

The present value of the contract can be calculated using the following formula where we will dicount back the cash flows to calculate the present value.

The present value = CF1 / 1+discount rate + CF2 / (1+discount rate)² +...

The present value = 1100000 + 1300000 / 1.087 + 1400000 / 1.087² = $3480817.37 or 3.48 million

The present value or the worth of the contract today is 3.48 million

You might be interested in
Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a
alukav5142 [94]
<span>Jeremy is working on a spreadsheet, the processing of the information processing cycle will justify Jeremy’s use of the spreadsheet and give the final output.  </span><span>Applying instructions to data takes place during the </span>PROCESSING  <span>stage of the information processing cycle.</span>
3 0
3 years ago
Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low pri
Citrus2011 [14]

Because of the perceived downward sloping nature of a monopolist’s demand curve, the monopolist will charge a relatively low price at a<u> high level of output.</u>

<h3>What is demand curve?</h3>

Demand curve can be defined as a curve that help to show the relationship between the quantity of a product that is demanded and the price of the product at a specific period of time.

Hence, , the monopolist will charge a relatively low price at a high level of output based on the fact that in a situation where monopolist increases its output, he will tend to get a price.

Learn more about demand curve here:brainly.com/question/17166820

brainly.com/question/516635

#SPJ1

4 0
2 years ago
This member of the construction crew stands above all the crew chiefs and answers only to the director, the designers, and the b
olga55 [171]

Answer:

4. Technical Director

Explanation:

Based on the specifications of the role being mentioned it seems that this is referring to the Technical Director role. Like mentioned in the question this role is the senior technical person in a job site and answers only to the director. Their responsibilities are varied as they organize, coordinate, engineer, and schedule any and all elements regarding technical production.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
The following information is available for Montrose Company at December 31: Cash in bank account $ 8,540 Petty cash $ 250 Short-
ANEK [815]

Answer:

Cash $10,430 ; Cash equivalents $20,400

Explanation.

Cash consist of all currencies in hand or any convertible asset which can be converted to cash immediately.

It is to be noted that the assets with high liquidity will be included in cash and cash equivalent balance. They can quickly be converted to cash and would normally have 90 or lesser days to mature.

Solution.

$

Cash in bank. 8,540

Petty cash. 250

Check from customer. 1,350

Money order. 290

Cash. 10,430

The check has a very short maturity period since it will clear within 3-4 working days.

Money order can be cashed immediately .

Therefore;

Cash value is $10,430

For cash equivalent,

Cash equivalent = Money market fund balance + Treasury bills maturing in 60days

Cash equivalents = $10,400 + $10,000

=$20,400.

The amounts considered as cash and cash equivalents as of 31 December are ;

Cash $10,430 , $20,400 respectively.

8 0
3 years ago
An ecosystem generally requires solar energy, nutrients, decomposers, consumers and?
spin [16.1K]

An ecosystem generally requires solar energy, nutrients, decomposers, consumers and producers.

An ecosystem is a community or group of living organisms that live in together and interact with each other in a specific environment. Ecosystems are considered as the foundation of Biosphere which maintains the natural balance of the earth.

An ecosystem requires nutrients, decomposers, consumers and producers. For instance, let's take the relationship between deer and lion in the ecosystem. So, for its survival, the lion eats the deer. Thus, each relationship like this has an effect on other creatures and plants living in the same environment.

Hence, the structure of an ecosystem is related to its species diversity.

To learn more about ecosystem here:

brainly.com/question/13979184

#SPJ4

4 0
2 years ago
Other questions:
  • When a buyer acquires a property having an existing mortgage loan, a decision must be made as to whether or not the subsequent o
    10·1 answer
  • Johanna Pye is a hair stylist at Mamon Salon. The salon's policy states that stylists receive 40 percent of the revenue they gen
    12·1 answer
  • Which scenario BEST represents monopolistic competition?
    5·2 answers
  • Exercise 14-1 On January 1, Guillen Corporation had 90,000 shares of no-par common stock issued and outstanding. The stock has a
    10·1 answer
  • From President Abraham Lincoln's perspective, the decision to wage a civil war against the southern states is best summarized in
    7·1 answer
  • On December 31, 2021, Wildhorse, Inc. leased machinery with a fair value of $1,425,000 from Cey Rentals Co. The agreement is a 6
    14·1 answer
  • During 2022, Pharoah Company reported cash provided by operations of $985000, cash used in investing of $851000, and cash used i
    13·1 answer
  • Kari has been saving money for college for the past four years; she thinks that she is close to her goal amount of $30,000 which
    12·1 answer
  • A company has an unfavorable direct materials quantity variance. A possible reason for this variance is that:
    12·1 answer
  • Please answer it is due in a hour please help <br><br>I will sure mark you as brainliest
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!