Answer:
The requirement is to calculate the present value of each option:
$ 11.26 million
$11.5 million
$ 12.52 million
Explanation:
The present value formula in excel is very useful in this case:
=-pv(rate,nper,pmt,fv)
rate is the 14% interest rate to be earned per year
nper is duration of the payment
pmt is the amount of payment expected per year
fv is the is the future worth of the payment which is unknown
Option 1:
=-pv(14%,20,1.7,0)=$ 11.26 million
Option 2:
The amount receivable today is the present value i.e $11.5 million
option 3:
=-pv(14%,20,1.4,0)=$9.27 million
total =amount received today+$ 9.27 million=$3.25 million+$ 9.27 millon=$ 12.52 million
Because Chuck filed a claim to get overtime pay, he will most likely will get the overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week.
Overtime payment refers to a compulsory payment that must be paid to an employee that work outside the official work hours.
- The overtime provisions are provided by the Fair Labor Standards Act (FLSA).
So, he will get the overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week.
Therefore, the Option A is correct.
Missing word includes <em>"A. Chuck will get overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week. B. Chuck will get one set amount for overtime based on the industry standard for similarly situated executives In his field. C. Chuck will not get overtime pay because he an executive who earns more than $100.000 a year. D. Chuck will be paid overtime wages because Dewey. Inc., is a private business pe here to search"</em>
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Read more about Overtime payment
<em>brainly.com/question/2576954</em>
Answer:
c. The net cash flow is positive.
Explanation:
A net positive balance occurs when the total cash inflow exceeds total cash outflows. Inflow is cash coming in, while outflow is cash leaving the business. In a business, sales represent cash inflows, while expenditure represents cash outflows.
In this case, the sales total to $1,600 while expenses are $1,490. The net cash flow is the difference between the inflows and the outflows. Here, the difference is a positive $110.
If Ruskin receives a check and deposits it in its checking account, the float amount is $300,000.
<h3>What is the float amount?</h3>
The float amount is the amount that a customer's account reads in the bank at a particular point in time.
The float amount is usually briefly counted twice due to time gaps in registering a deposit and processing the paper checks.
Thus, if Ruskin receives a check and deposits it in its checking account, the float amount is $300,000.
Learn more about the float amount in the bank at brainly.com/question/24161262
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