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hoa [83]
3 years ago
6

[Related to Solved Problem​ 3.1B] In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to

play for them for seven years. He would be paid​ $15 million dollars per year for 14 years—an additional 7 years beyond the end of the time he would be committed to play for the Nationals. The contract was widely reported as being worth​ $210 million​ (or $15 million per year×14 ​years). One baseball writer​ argued, though, that "this deal serves as a nice reminder that the payment terms of a deal can have an impact on the actual value of the contract." ​Source: Dave​ Cameron, "Max Scherzer and When​ $210 Million​ Isn't $210 ​Million," fangraphs​, January​ 19, 2015. Which of the following statements best represents the actual value of the​ contract? A. The actual value of the contract is more than​ $30 million for each year he plays. B. ​Scherzer's contract is worth​ $210 million on the day he signs it. C. The actual value of the contract is less than​ $30 million for each year he plays. D. The actual value of the contract is​ $30 million for each year he plays. Assume for simplicity that Scherzer receives his​ $15 million per year salaries for​ 2018, 2019, and 2020 at the end of each calendar year. The interest rate for this period of time is​ 7%. The present value of the salaries he will receive for these three years on January​ 1, 2018 is approximately A. ​$41.9 million. B. ​$45 million. C. ​$36.7 million. D. ​$39.4 million.
Business
1 answer:
Ne4ueva [31]3 years ago
3 0
That’s to long but 30 x 210
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Atlanta Cement, Inc. buys on terms of 2/15, net 30. It does not take discounts, and it typically pays 65 days after the invoice
shusha [124]

Answer:

The nominal annual percentage cost of its non-free trade credit, based on a 365-day year is 0.2795%

Explanation:

The computation of the nominal annual percentage is shown below:

= Discount rate ÷ (100 - discount rate) × ({Total number of days ÷ payable days} - discount days)

= 2% ÷ ( 100 - 2%) × (365 days ÷ 65 days - 15 days)

= 2% ÷ (98% × 7.3)

= 2% ÷ 7.154

= 0.2795%

The net purchase amount is irrelevant. hence, this part is ignored

5 0
3 years ago
Mike is walking through a parking lot and finds Kathy lying unconscious. He puts her in his car and takes her to the hospital. T
slava [35]

Answer:

The answer to this question is c. Kathy has to pay based on a quasi contract.

Explanation:

Based on the scenario displayed above Kathy has to pay based on a quasi contract.

A  Quasi contract is a contract  that is created by a court order, not by an agreement made by the parties to the contract. For example, quasi contracts are created by the court when no official agreement exists between the parties, in disputes over payments for goods or services

In this case there has not been an official agreement between Kathy and the hospital, However she has to pay the bill presented to her based on Quasi contract which is created to prevent an individual to be unjustly enriched or from benefiting from the situation when he/she  does not deserve to do so.

Hence the answer is c. Kathy has to pay based on a quasi contract.

5 0
3 years ago
A liquid asset is one that is easy to cash in.
Yuliya22 [10]
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5 0
2 years ago
Read 2 more answers
Users create expense reports and attach receipts in an Expenses app before submitting them for approval. What should the Adminis
monitta

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The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.

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The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements.  The easiness of the Mobile App achieving this functionality is very important.  Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly.  The scanning should be as simple as taking a shot with the phone's camera.

7 0
3 years ago
Kate's Diner offers one breakfast item, a breakfast special. The market price for this meal is $5. At her profit-maximizing leve
bazaltina [42]

Answer:

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A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

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A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run

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