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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.

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Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Michael Mirer worked for Dawson Company for six months t
lisov135 [29]

Answer:

$83.4

Explanation:

Under FUTA, only the first $7000 earning per year will be taxed. Any amounts above $7000 will be tax-exempt.

For Michael, the tax will be calculated as follows.

for the$11200 earned in Dawson company

=0.6% x $7000

=0.06/100 x 7000

=0.006 x 7000

=$42

Amount earned working at McBribe

=0.06% x 6900

=0.006 x $6900

=$41.4

Total to be paid by the two companies

=$42 + $ 41.4

=$83.4

5 0
3 years ago
What are the goals of CRM and social media marketing
NikAS [45]

Answer:

A company moves their focus onto customers who are active on different social media platforms, to both offer customer service on social channels, and to optimize their own service by collecting customer data via these channels. The long-term goal of Social CRM is to increase customer satisfaction and revenue.

Explanation:

6 0
3 years ago
In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-Eleven, Kwik Shop, a
Vladimir79 [104]

Answer:

yes                                                                                                                                                                                                                  

Explanation:

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3 0
3 years ago
Suppose there is a decrease in the price of butter. What do we expect to happen to the demand for bread? Assume that bread and b
dimulka [17.4K]

Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.

<h3>Option (B) is correct</h3>

<u>Explanation:</u>

Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other

If the Price of butter decreases,  it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.

3 0
3 years ago
Defend or critique the following statement, using supporting evidence: “Getting to work early on your first day at a new job is
frez [133]

Answer:

Dressing well, being prepared, having a positive attitude, arriving early for work and asking good questions.

Explanation:

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