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
Alexandra [31]
3 years ago
6

Your aunt has promised to give you $5,000 when you graduate from college. You expect to graduate three years from now. If you sp

eed up your plans to enable you to graduate two years from now, the present value of the promised gift will: Multiple Choice be less than $5,000. remain constant. decrease. Incorrect equal $5,000. increase
Business
1 answer:
ikadub [295]3 years ago
3 0

Answer:

The present value of the promised gift will:

be less than $5,000.

Explanation:

The present value of $5,000 to be received in three years' time from today is less than $5,000 received.  This is explained by the time value of money concept.  If the $5,000 gift is discounted to today's value, using a discount factor of 0.751 (10% in three years' time), it would be $3,755 ($5,000 * 0.751).  This means that $5,000 received in year 3 is less than $5,000 received today.

You might be interested in
Fleming corp. provided services on account. the transaction would be recorded with a credit to:
Advocard [28]

Fleming corp. provided services on account. The transaction would be recorded with a credit to service revenue. The transaction will also be recorded on the accounts receivable ledger as well.  Service revenue is an account used in accrual accounting that reports fee income that a company earns during a specific time frame. Accounts receivable is an account that shoes money that is owed to a company by its debtors.

7 0
3 years ago
The difference between personal assets and personal liabilities
nata0808 [166]

Answer:

Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.

Explanation:

7 0
3 years ago
Read 2 more answers
What is the difference between having a co-signer and becoming an authorized user?
prohojiy [21]

Answer:

The correct answer is letter "D": As a co-signer, you open an account and an adult signs on with you; as an authorized user, you are added to someone’s existing account

Explanation:

Co-signers are individuals that could help others to open a credit card account in case that person does not meet specific credit history requirements but the credit card issuer. Co-signers must be 21 years old. Authorized users are added to the account to request information, change it, or make payments.

8 0
3 years ago
Read 2 more answers
This condition causes people to struggle to sequence the sounds in syllables and words, which means that
Mice21 [21]
The answer is stuttering if not it is tongue tied
7 0
2 years ago
Read 2 more answers
Hours of labor or number of workers are common ways of measuring a company's_______?
SIZIF [17.4K]
<span>Hours of labor or number of workers are common ways of measuring a company's_______?
</span><span>
Productivity


</span>
4 0
3 years ago
Other questions:
  • Which job would require a license or certification? ambassador lobbyist high school teacher state senator
    13·2 answers
  • A monopolist introduces a technological innovation that lowers the marginal cost and average cost of production. The price of th
    14·1 answer
  • ILL MARK YOU BRAINLEST PLS HELP!!!
    9·1 answer
  • List three reasons why a price-based system works more efficiently than central planning.
    13·1 answer
  • A fixed asset with a cost of $30,000 and accumulated depreciation of $28,500 is sold for $3,500. What is the amount of the gain
    7·1 answer
  • Coates Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T
    11·1 answer
  • Information that has been measured and reported in a similar manner for different enterprises is _________.
    9·1 answer
  • Consumers eating higher food costsWith higher gasoline​ prices, the demand for ethanol has increased. Because ethanol is made fr
    13·1 answer
  • Meredith, the General Manager at Gladfle Inc., is planning to use certain new strategies to control and reduce the health care b
    10·1 answer
  • When there are many people singing the same job
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!