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erastova [34]
3 years ago
11

Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being offered a severance packag

e of $128,000 cash, another $139,000 to be paid in one year, and an annuity of $37,500 to be paid each year for four years with the first payment coming at the end of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.) What is the present value of the total severance package, assuming an annual interest rate of 7%
Business
1 answer:
katen-ka-za [31]3 years ago
4 0

Answer:

$127,020

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 4 = $37,500

I = 7%

PV = $127,020

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

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Answer:

$22,000

Explanation:

Current liabilities are debts that a company must pay within a twelve month period.

This company's current liabilities are:

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Total current liabilities = $15,000 + $7,000 = $22,000

Since the note payable is due in 18 months, it is not considered a current liability.  

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3 years ago
Given all the details about bonds and stocks, which do you prefer to invest with your money in the future? Explain in your own w
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Answer:

Bonds provides more opportunities and offers than stocks.

Explanation:

  • Bonds are a better option than stocks as bonds tend to give a good return. That is the bonds are less volatile and less risk markets they have a high interests rates and tends to offer saving rates at a bank and hae various advantages.
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2 years ago
Tinker's cost of goods sold in the year of sale (2019) was $790,000 and 2018 cost of goods sold was $810,000. The inventory at t
gladu [14]

Answer:

91 days

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Here, we are to calculate the average number of days it will take to sell its inventory in 2019.

We proceed mathematically as follows;

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Brainden Inc. is a multinational company that primarily provides ideas for business improvements, marketing, and promotions. The
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Answer:

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3 years ago
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