A _____ gives you a chance to express your appreciation to the interviewer for his or her time and interest.

g On January 1, you win $50,000,000 in the state lottery. The $50,000,000 prize will be paid in equal installments of $6,250,000

Verdich [7]

Answer:

Present value = $31,047,749

No. The present value when the interest rate is 12% is less than the present value when the interest rate is 5%

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 8 = $6,250,000

I = 12%

Present value = $31,047,748.54

Present value when interest rate is 5% = $40,395,079.75

The present value when interest rate is 5% is greater than the present value when interest rate is 12%

To find the NPV using a financial calacutor:

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

I hope my answer helps you

4 0

3 years ago

Use the following advice from most financial advisors to solve the problem. ∙ Spend no more than 28% of your gross monthly incom

Aliun [14]

Answer:

a) $1,400

b) $1,800

c) $820

Explanation:

If the annual income is $60,000, the gross monthly income is I=60,000/12=5,000.

a) The maximum amount you should spend each month on a mortgage payment is:

$MP=0.28*I_m=0.28*5,000=1,400$

b) The maximum amount you should spend each month for total credit obligations (including mortage) is:

$DP = 0.36*I_m=0.36*5,000=1,800$

c) If we need only 70% of the maximum allowed for the mortage, we have more income available for other debt payments.

The 70% represents:

$MP'=0.7*(0.28*5,000)=980$

We substract this from the total budget for debt payments and we have the budget for all other debts but mortage:

$ODP=1800-980=820$

3 0

3 years ago

Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships fo

bulgar [2K]

Answer:

The solution according to the given query is provided below.

Explanation:

The given question seems to be incomplete. The attachment of the complete query is provided below.

Now,

The additional investment will be:

= $Ending \ owner's \ equity-Beginning \ owner's \ equity+Drawings-Net \ income$

By putting the values, we get

= $40000-25000+37000-45000$

= $7,000$

Now,

The drawings will be:

= $Ending \ owner's \ equity-Beginning \ owner's \ equity+Additional \ investment-Net \ income$

By putting the values, we get

= $130000-80000-25000-40000$

= $-15,000$

3 0

3 years ago

Eviyan recently received a copy of his performance review report. During the review, his manager took notes regarding his perfor

Sladkaya [172]

Answer:

Eviyan's Performance Evaluation Report:

The manager has scheduled him for a meeting for a performance feedback interview.

Explanation:

Performance feedback interview is an opportunity for the employee to meet with his manager in order to iron out issues and reflect on the outcome of the evaluation. The employee will also be required at the interview to explain and defend the performance result face to face with the manager. Since there are always some differences in perception and evaluation, the interview provides that needed chance for a detailed discussion so that corrective measures will be defined and agreed upon. It is a good performance policy to schedule such an interview following a performance evaluation report.

3 0

3 years ago

Which situation creates scarcity in an economy?

scZoUnD [109]

Answer:

C. Citizens have more wants than they can fulfill with their available resources.

Explanation:

Correct for APEX

4 0

4 years ago