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3 years ago

As winner of a breakfast cereal competition, you can choose one of the following prizes: a. $100,000 now.

Business

1 answer:

Shkiper50 [21]3 years ago

7 0

answer

c i don't need to explain I'd take c

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Estimate the time it would take for earth to get 0.1% heavier at this rate.

Leno4ka [110]

I believe the correct answer to your question would be 10 to 14 years for the earth to get 0.1% heavier.

Hope I could help! :)

6 0

4 years ago

The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment$34,000 Annual cost savings $

MA_775_DIABLO [31]

Answer:

NPV = $5,926.226

Explanation:

The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good and profitable investment project and a negative figure implies the opposite.

NPV = PV of cash inflows - PV of cash outflows

PV of annual savings= A× (1- (1+r)^(-n))/r

r- discount rate- 11%, n- number of years- 5, A- annual savings

= 10,000 × (1- 1.11)^(-5) )/0.11 = 36,958.97

PV of scrap value = F × (1+r)^(-n)

r- discount rate- 11%, n- number of years- 5, F- salvage value - 5,000

5,000× (1.11)^(-5)= 2,967.256

NPV = 36,958.97018 + 2,967.256 - 34,000

= 5,926.226

NPV = $5,926.226

3 0

3 years ago

Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, wo

Natali [406]

Answer:

The use of a trial balance:

a) This error will not cause the two sides of the trial balance to disagree. A compensating error has occurred, because the Cash Account should have been credited and the Salaries and Wages Expense debited with $600.

b) This error will cause the two sides of the trial balance to disagree. The amount debited is not the same amount credited. The Accounts Receivable should have been credited with $900, not the Service Revenue.

Explanation:

a) The trial balance ensures that the total values of the debit and credit sides agree. It shows that accounts have been correctly debited and credited in the general ledger, with equal amounts.

b) Compensating errors arise when two accounting errors offset themselves, because the same mistake made on the debit side is made on the credit side

7 0

3 years ago

Financial literacy means . . .?

scZoUnD [109]

Answer:

F. C and D only

Explanation:

Financial Literacy

This is when an individual or person possesses the skills, techniques and knowledge that allows him/her (the individual or person) to make informed and efficient decisions with all of their financial resources. It is the ability to understand how money works. This includes, how individuals make money, manage it and invest it properly. Financial skills possessed by a financial literate includes budgeting, personal financial management, investment, expenditure and so on.

Understanding assumptions and estimates of plant managers and creating a firm financial statement are NOT part of the indicators for financial literacy.

8 0

3 years ago

What is the primary difference between accounting profits and economic profits?

sergejj [24]

Answer: Accounting profits ignore implicit costs; economic profits consider them.

Explanation: In simple words, implicit cost refers to the cost of choosing the best alternative and loosing the profit that one could have earned by choosing the second best alternative.

Accounting profit is the revenue that one has left with after compensating for explicit cost but economic cost also takes into consideration the implicit one.

6 0

3 years ago