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Eddi Din [679]
3 years ago
7

Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $9,000 eac

h year for the next four years to reimburse normal school-related expenditures. Each $9,000 payment will be made at the end of the year, contingent on Tatsuo maintaining good grades in his classes for that year. Assuming an annual interest rate of 7.0%, determine the value today of receiving this scholarship if Tatsuo maintains good grades. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.)
Business
1 answer:
a_sh-v [17]3 years ago
4 0

Answer:

Value of scholarship today = $30,484.90

Explanation:

The value of the Scholarship is the present value of the annual payment of $9,000 discounted as the annual interest rate of 7% per annum.

This can be computed using the formula below

Present Value = Annual cash flow ×  (1- (1+r)^(-n)/r)

n -number of years, r-interest rate

rate r- 7%, n=4, Annual  cash flow = 9,000

Present Value = 9,000× (1-1.07^-4)/0.07

                      = 9,000× 3.3872

                      = $30,484.90

Value of scholarship today = $30,484.90

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Which group of players uses the goods and services produced in the game of economics?
KatRina [158]

Answer:

Question 1

Which group of players uses the goods and services produced in the game of economics?

The group of players that uses goods and services produced in the game of economics are the CONSUMERS

Question 2

Which does NOT describe the role that workers play in the economy?

The role that does not describe the role of workers in the economy is act as both consumers and producers. They were never consumers and producers in the economy, they only help in production and make decisions based on business model

Question 3

In economics, businesses do all EXCEPT which of the following?

Businesses does not guide the economy In economics rather they hire workers that helps to carryout production activities among others and organize production and either purchase resources or produce the resources

Question 4

Which of the following statements best describes the results provided by market research?

Market research helps producers understand market forces better, the market forces has to do with the law of demand and supply which helps to acquire the market skills and plan for future occurrence.

Question 5

Which consumer purchase is the result of peer pressure?

mirrored sunglasses because all your friends have them

Question 6

Consumers play an important economic role because they decide on what goods and services to use and buy, how much to buy, and what prices they are willing to pay for it.

True

Question 7

Producers try to satisfy the needs and wants of consumers for goods and services. They have to understand what consumers need or want and how much they are willing to pay for those goods and services.

True

Question 8

Culture, peer pressure, price, and environmental changes influence the decisions made by producers and consumers.

True

Question 9

Which of the following activities shows the government playing the role of producer?

The government buys materials to build a bridge.

Question 10

Which of the following activities shows the government playing the role of consumer?

The government uses electricity to run its offices.

Explanation:

3 0
3 years ago
2. The La Salle Bus Company has decided to purchase a new bus for $95,000 with a trade-in of their old bus. The old bus has a BV
Lera25 [3.4K]

Answer:

a.

9 recovery period years class

b.

$8,889 per year

Explanation:

a.

Buses are 9 years recovery period class , in which it is depreciated using historical method and it has 5 years GDS class life.

b.

Straight Line depreciation is a method of depreciation in which the cost of the asset net of residual value is divided over useful life.

We will depreciate this asset for only 9 years because it has 9 years class, even it will be kept for 10 years but the depreciation charged for 9 years.

Depreciation rate = ( Cost - Salvage Value ) / useful life = ($95,000 - $15,000) / 9 = $8,889

Depreciation charged in 2018 = $19,500

5 0
3 years ago
Read 2 more answers
___________ income is the amount that is used to calculate how much tax you owe.
snow_tiger [21]

Answer:

<em>Taxable Income</em> is the amount that is used to calculate how much tax you owe.

8 0
2 years ago
A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry​
olga nikolaevna [1]

Answer:

See below

Explanation:

This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.

The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.

The journal entry will be

Bank A/c DR. Rs 4500

Yogesh A/c                 Cr. Rs 4500

3 0
2 years ago
3. Management activities include all of the following except:
7nadin3 [17]

Answer:

A

Explanation:

Management activities include Decision making

6 0
2 years ago
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