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
zheka24 [161]
3 years ago
14

The present value of $1,000 to be received in 5 years is ________ if the discount rate is 12.78%. Group of answer choices $687 $

494 $368 $548
Business
1 answer:
saul85 [17]3 years ago
5 0

Answer:

$548

Explanation:

Calculation for the present value

Using this formula

= P / ( 1 + r ) ^ t

Where,

P represent Principal=1,000

r represent rate=12.78%

t represent Time= 5 years

Let plug in the formula

P=$1,000/(1+0.1278)^5

P=$1,000/(1.1278)^5

P=$1,000/1.825

P=$548

Therefore the present value of $1,000 to be received in 5 years is $548 if the discount rate is 12.78%.

You might be interested in
About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but
mezya [45]

Answer:

About the Lagrangian method,

We can use it to solve both consumer's utility maximization and firm's cost minimization problems.

Explanation:

Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints.  Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables.  Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.

8 0
2 years ago
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's
Svetlanka [38]

Answer:

Variable cost per unit= $0.10

Explanation:

Giving the following information:

Cost Machine Hours

March $3,106 15,176

April 2,668 9,558

May 2,892 11,947

June 3,538 17,899

<u>To calculate the variable cost under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (3,583 - 2,668) / (17,899 - 9,558)

Variable cost per unit= $0.10

8 0
3 years ago
Which of the following taxpayers may not use the standard mileage method of calculating transportation costs? a. A self-employed
frozen [14]

Answer:

The correct answer is (E)

Explanation:

A standard method of calculating transportation cost is used to maintain equality among organisations. This method is applied to all the workers and government employees, but it has some rules and regulations. If an employee for example attorney is using his vehicle for calling on clients is fine as long as the car average fuel consumption is standard. For example, if an attorney used his Tesla for calling on clients is not a standard way which is why transportation cost will not be calculated by the standard mileage method.

4 0
3 years ago
Bonner Corp.'s sales last year were $415,000, and its year-end total assets were $355,000. The average firm in the industry has
koban [17]

Answer:

$182,083

Explanation:

The computation of the total assets by considering the total assets turnover is shown below:

Total assets turnover = Sales ÷ total assets

2.4 = $415,000  ÷ total assets

So, the total assets equal to

= $415,000 ÷ 2.4

= $172,917

So, the assets is reduced by

= Year-end total assets - calculated assets

= $355,000 - $172,917

= $182,083

5 0
3 years ago
Identify the importance of accounting by selecting the statement that is correct below. Multiple choice question. Accounting inf
Zielflug [23.3K]

Answer:

Accounting information helps users make business and financial decisions.

Explanation:

Users of accounting information are divided into :

  1. Internal users
  2. External users

Internal users include : owners, managers, employees

External users include : shareholders, tax authority, regulatory bodies

Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.

Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.

6 0
3 years ago
Other questions:
  • Moore General Store purchased office supplies on account during the month of February for $4,500. Payment for the supplies will
    6·1 answer
  • 13, a company has recently outsourced its payroll process to a third-party service provider. an audit team was scheduled to audi
    9·1 answer
  • Winter's Toyland has a debt-equity ratio of .57. The pretax cost of debt is 8.2 percent and the required return on assets is 14.
    15·2 answers
  • If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is $81.25, then total cost at th
    11·1 answer
  • The intersection of the demand for loanable funds and the supply of loanable funds determines the A) prevailing interest rate B)
    6·2 answers
  • On January 1, 2018, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,00
    14·1 answer
  • On January 1, Parson Freight Company issues 8.0%, 10-year bonds with a par value of $3,200,000. The bonds pay interest semiannua
    15·1 answer
  • ( Help please suck on this question !! )
    11·1 answer
  • Chahana acquired and placed in service $1,185,000 of equipment on August 1, 2019 for use in her sole proprietorship. The equipme
    12·1 answer
  • Why is it important to conduct market research on your target audience before building your marketing plan
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!