The present value of of $6,811 to be received in one year if the discount rate is 6.5 percent will be $6, 395.31.
What does Present Value mean?
A financial concept that calculates the current value of a future sum of money or stream of cash flows is present value. It's used to compare the relative worth of different amounts of money that aren't available at the same time. The inverse of future value. The sum of future investment returns discounted at a specified rate of return is calculated as the present value of money you expect from future income.
What is Financial concept?
Financial concepts are the fundamental principles and theories of finance, which provide guidance on how to assess and manage financial risks, return, and value. These concepts include the time value of money, diversification, risk-return trade-off, capital budgeting, and portfolio selection. Financial concepts are essential for making sound financial decisions and investments.
The procedure to find an present value:
Present Value = FV/ (1+i)^n
6,811/(1+0.065)^1
6, 395.31
To know more about Present value,
brainly.com/question/15904086
#SPJ1
Answer:
D. decreases both total assets and total stockholders' equity.
Explanation:
At first, we have to give the journal
Amortization expense Debit
Accumulated amortization expense Credit
As amortization expense decreases net income, it will decrease the shareholder equity. As Accumulated depreciation is a contra entry, it reduces patent.
Therefore, option D is the answer.
In other options, we can not determine the above requirements.
Answer:
The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.
Explanation:
Answer:
a. insurance premium
Explanation:
Insurance copay is the fixed amount that an insured person pays to cover the insurance policy. Moreover, it is linked to the health sector. Therefore, option B is incorrect.
Insurance coverage is the coverage for an insurance policy. It can be dictated as risk or liability. Therefore, option C is wrong.
Out-of-pocket expense is a direct expense, and it is not related to the insurance plan. Therefore, option D is false.
An insurance premium is an amount we have to pay for the insurance plan we accept to ensure for various purposes. Therefore, option A is the answer.
Answer:
Option (B).
Explanation:
According to the scenario, computation of the given data are as follows:
Doctor's bill = $4,200
Deductible amount = $250
Insurance company pays = 80%
Veronica pays = 20%
So, we can calculate the total amount veronica pay by using following formula:
Veronica Pay amount = [( Doctor's bill - Deductible amount ) × Veronica pays%] + Deductible amount
= [($4,200 - $250) × 20%] + $250
= $790 + $250
= $1,040