All categories

3 years ago

What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000 with the final payment

Business

1 answer:

Doss [256]3 years ago

6 0

Answer:

$882.03

Explanation:

Interest rate used is 7.23%

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 to 12 = 58

cash flow in year 13 = 1058

I = 7.23

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.

3. Press compute

You might be interested in

When researchers calculate a basketball star's net worth they are measuring the star's _____.

polet [3.4K]

The answer is letter b, income and the wealth. The net worth is a way of having to measure the over all asset of the individual in which his or her income as well as his or her wealth that he or she has or acquires. The answer is letter b.

6 0

3 years ago

One of the most important in-store factors is the salesperson. This influence can be understood in terms of ________ theory, whi

amm1812

Option (b), The salesperson is one of the most crucial in-store elements. The exchange theory, which emphasizes that each participant provides to the other and anticipates receiving something in return, can be used to explain this influence.

<h3>What does exchange theory actually mean?</h3>

According to the social exchange hypothesis, two people's relationships grow as a result of a process of cost-benefit analysis. In other words, it's a statistic designed to measure the amount of effort a person expends during a face-to-face conversation.

<h3>What are the basic tenets of the exchange theory?</h3>

The basic tenet of the theory of social trade is the concept of costs and benefits. This suggests that people's decisions and behaviors are influenced by their estimations of cost and reward. Costs are the unfavorable outcomes of a decision, including time, money, and energy. Social interactions produce benefits, which are rewards.

Learn more about exchange theory: brainly.com/question/29611150

#SPJ4

6 0

1 year ago

Presented below is the adjusted trial balance of Splish Brothers, Inc. at December 31, 2017. Debit Credit Cash $ ? Supplies 1,33

igomit [66]

Answer:

Cash $ 5710

Total debit side $ 199200 Credit side $ 199200

Explanation:

We list the correct accounts at the right side. First we add up the credit side to find the total and then subtract the debit side from it to get the cash amount as the debit and credit side of the trial balance must be equal.

Splish Brothers, Inc.

Adjusted trial balance

December 31, 2017.

Debit Credit

Cash $ 5710

Supplies 1,330

Accounts Receivable 3,580

Prepaid Insurance 2,620

Equipment 80,160

Accumulated Depreciation—Equipment $20,100

Trademarks 3,760

Accounts Payable 3,220

Salaries and Wages Payable 920

Unearned Service Revenue 1,060

Bonds Payable (due 2024) 31,880

Common Stock 2,120

Additional paid-in capital 15,160

Retained Earnings 14,720

Service Revenue 30,040

Salaries and Wages Expense 14,080

Insurance Expense 2,400

Rent Expense 3,260

Interest Expense 2,320

Total $ 199200 $ 199200

7 0

3 years ago

Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurre

nalin [4]

Answer:

Apple Photography, Inc.

Based on this information, the balance in the cash account at the end of January would be:_____.

b) $12,115.

Explanation:

a) Cash Account

Common Stock $13,600

Insurance (2,200)

Service Revenue 5,800)

Rent (1,600)

Office equipment (3,200)

Utilities (285)

Balance $12,115

b) Apple Photography, Inc had a balance in the cash account at the end of January of $12,115 which was the difference between the cash inflows and cash outflows during the month. The inflows represented cash received by Apple Photography from the owners and customers and the cash paid for running the business.

6 0

3 years ago

A client sustained a head injury when falling off of a ladder. While in the hospital, the client begins voiding large amounts of

dexar [7]

Answer:

The client should be tested for Diabetes insipidus (DI)

Explanation:

Literally, Diabetes insipidus (DI) is an uncommon disorder that causes an imbalance of fluids in the body. It is a rare condition that causes the body to make a lot of insipid urine. Alongside with lots of urination, this condition is characterized by an increased thirst.

Other symptoms are

Dry skin.
Constipation.
Weak muscles.
Bedwetting.

It is most likely that the client's kidneys can no longer concentrate the urine normally, hence; the reason why large amount of dilute urine is excreted.

If left untreated, diabetes insipidus can lead to brain damage and poor growth.

4 0

3 years ago

Read 2 more answers