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
Bezzdna [24]
3 years ago
14

An annuity immediate pays 15 at the end of years 1 and 2, 14 at the end of years 3 and 4 and so on. The payments decrease by 1 e

very second year until nothing is paid. The effective annual interest rate is 6%. Calculate the present value of this annuity
Business
1 answer:
Inessa05 [86]3 years ago
3 0

Answer:

$138.63

Explanation:

I used an excel spreadsheet and the NPV function to determine the present value of this annuity. The present value of this annuity is $138.63

You might be interested in
People pay taxes for many reasons. Which of the following is NOT one of those reasons? A) civic duty B)moral reasons C)fear of I
Mice21 [21]
I feel the answer is B I really hoped this helped have an amazing day
6 0
3 years ago
Read 2 more answers
Why is it difficult to compare relative job growth for different-sized businesses? staff size of small businesses tends to chang
Talja [164]

It is difficult to compare relative job growth for different-sized businesses because it is hard to determine the cutoff point at which a small business becomes a large business. It is not easy to know the comparative job development amongst businesses of different sizes. There are not the same parameters leading the size of a small business versus a big business. Moreover, there is no defined point where such a variation can be clearly identified.

5 0
3 years ago
Read 2 more answers
If fixed costs are $100,000, variable cost per unit is $40, and the selling price is $60, how many units must be sold for the fi
Margarita [4]
In order to break even, they would need to sell at least 5,000 units

Break even point is calculated by the formula:

Fixed costs÷(selling price -variable costs per unit)

i.e.

100,000 ÷ (60-40) = 5,000

Anything they sell above this number will start to produce profits for the company
3 0
3 years ago
An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Wellman Corp.
RUDIKE [14]

Answer:

Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income  and the dividend and interest is received is recorded in this activity.

The loss and gain on sale of the assets is also recorded and amortization on intangible asset is also recorded

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

The categorization is shown below:

(1) Exchange of land for patent - Non-cash investing and financing activity as it does not involve any cash transaction

(2) Sale of building at book value - Investing activity

(3) Payment of dividends - Financing activity

(4) Depreciation - Operating activity

(5) Receipt of dividends on investment in stock - Operating activity

(6) Receipt of interest on notes receivable - Operating activity

(7) Issuance of capital stock -  Financing activity

(8) Amortization of patent - Operating activity

(9) Issuance of bonds for land - Non-cash investing and financing activity as it does not involve any cash transaction

(10) Purchase of land - Investing activity

(11) Conversion of bonds into common stock - Non-cash investing and financing activity as it does not involve any cash transaction

(12) Loss on sale of land -  Operating activity

(13) Retirement of bonds - Financing activity

7 0
3 years ago
What would most likely happen if Congress decreased taxes and increased spending?
kotegsom [21]
Employers would most likely to expand their business and hire more people

People would be richer

People would also buy less things for the price of products

Lot of debt

Demand probably won't be a problem (in some cases)
4 0
3 years ago
Read 2 more answers
Other questions:
  • Elly &Frank Valdez are thinking about buying a new house and financing it
    12·2 answers
  • The managerial function of ______ involves monitoring performance, comparing it to goals, and taking corrective action when need
    11·1 answer
  • Athlon Company acquired 30 percent of the common stock of Opteron Corporation, at underlying book value. For the same year, Opte
    8·1 answer
  • Roosevelt launched the second new deal because of the failure of his initial policies to pull the country out of the depression
    6·1 answer
  • Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2012. On that date, Paar's equipment (10-year life) has a boo
    11·1 answer
  • Poornima is a 31-year-old professional basketball player. She finished her last season as a player 3 weeks ago and is currently
    8·1 answer
  • The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bottling and save mo
    9·1 answer
  • During a six month period, a department had planned sales of $75,000 and planned turnover of 2.6. Using the Basic Stock Method,
    9·1 answer
  • Which of the following are NOT needed to calculate cost of goods sold
    14·1 answer
  • To graduate from high school, which diploma is better? IB (international bachelors) or AP (advanced placement)?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!