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Amiraneli [1.4K]

3 years ago

12

Congratulations! You have just won $2 billion in the largest Powerball jackpot payoff everl You will receive payments of $100,00

0,000 per year for the next 20 years. Required: Calculate the present value of your lottery winnings, assuming an interest rate of 4%.

1 answer:

charle [14.2K]3 years ago

8 0

Sureeeeeeeeeeeeeeeeee

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The Grandview Company issues 1 million shares of common stock with a par value of $0.12 for $16.00 a share. The entry to record

Jet001 [13]

Answer:

$16,000,000

Explanation:

This question requires us to give the amount arising in cash assets after this transaction.

We simply have to focus on the price offered for the share on the date of sale which is $16.00. Thus, cash proceeds (debited) will be :

Cash Proceeds = Share Price × Number of Shares issued

= $16.00 × 1,000,000 shares

= $16,000,000

<u>The rest of the Journal entry for this transaction will be :</u>

Debit : Cash ($16.00 × 1,000,000) $16,000,000

Credit : Common Stock ($0.12 × 1,000,000 shares) $120,000

Credit : Paid In Excess of Par ($15,88 × × 1,000,000 shares) $15,880,000

4 0

3 years ago

Explain how to invest in securities markets and set investment objectives such as long-term growth, income, cash, and protection

shtirl [24]

Answer with Explanation:

The investment in securities must include purchases of stock of more than 15 industry firms because diversified investment gives an average rate of return on investments. Hence it would be better to lower the risk of investment by simply investing in more than 15 firms and each of them must be from different industry sector. Nowadays due to coronavirus, it would be better to investing in fintech, IT and Hi-Tech industries will pay much more than low tech industries. Tesla is one of these tech companies whose share price have surged by 390% in past 12 months. It doesn't mean that other industry products don't pay enough. Setting objective includes how much yearly investment must be added to you security portfolio so that the net worth of the portfolio keeps growing. The reinvestment of dividends received, insurance of downside risk, investment on the basis of value at risk, etc. are all the set objectives that are considered while investing and managing security portfolio. If you are not confident with setting objectives then investing via investment institutions would be a another best option which had employed hundreds of CFA's who are working to increase the wealth of their potential clients and it is more likely that you take home a better return on investment as compared to a person who has little knowledge of security investments.

8 0

3 years ago

Equipment that was purchased for $900,000 has a current book value of $450,000. Assume a capital gains tax rate of 28%. Compute

natita [175]

Answer:

there is an increase in taxes of $52,192

Explanation:

The computation of the net payment or saving is shown below:

Given that

Book value = $450,000

Sale value = $636,400

since the sales value is more than the book value so here the capital profit is there

Therefore capital profit would be

= $636,400 - $450,000

= $186,400

Now tax would be

= $186,400 × 28%

= $52,192

So there is an increase in taxes of $52,192

7 0

3 years ago

Anika plans to purchase a Janome embroidery machine. The retail price for the Janome 12 model is $10,000 plus $500 for lifetime

Fed [463]

Answer:

The economic savings for purchasing the Janome 15 model = $3000

Explanation:

<u><em>Step 1: Calculate Total cost of purchasing Janome 12 model</em></u>

Retail cost = 10000

Lifetime maintenance = 500

Operating expenses = 1500 × 5 = 7500

Total cost = 18000

<u><em>Step 2: Calculate total cost and benefit of Janome 15</em></u>

Retail cost = 12000

Lifetime maintenance = 500

Operating expenses = 1500 × 5 = 7500

total cost = 20,000

Calculate benefits of Janome 15

increase in productivity = 500 × 5 = 2500

reduction in operating expenses = 500 × 5 = 2500

total benefit = 5000

<u><em>Step 3: Calculate net cost of Janome 15 </em></u>

net cost = total cost - total benefit

= 20,000 - 5000

= 15000

<u><em>Step 4: Calculate net benefit of buying Janome 15 </em></u>

18000 - 15000 = 3000

7 0

4 years ago

Corporations have limited liability, but lose ultimate control of corporate assets to the ______________ ..

Vinil7 [7]

Answer:

Stockholders

Explanation:

Stockholders are the owners of a company. As owners , stockholders have voting rights in the company. Shareholder elects directors who represent them on the board of directors. Each share is equivalent to one vote. The board members recruit top management of the company. The board provides policy guidelines, makes critical decisions, and supervises senior management.

By electing board members, shareholders influence the management of the business. Should the stockholders be unhappy with the way the company is being managed, they can vote out the current director and elect new ones. The new directors then appoint fresh managers. In this way, shareholders maintain control of the assets of the company and its assets.

5 0

3 years ago