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2 years ago

True or False: It can be said with statistical confidence that the NBA is more competitive after instituting a Payroll cap. g

Business

1 answer:

butalik [34]2 years ago

4 0

You are either good or bad so I guess true who ever is the best gets paid the most

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Sydney wins a prize. She has a choice of receiving a payment of $160,000 immediately or of receiving a deferred perpetuity with

Mamont248 [21]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

She has a choice of receiving a payment of $160,000 immediately or of receiving deferred perpetuity with $10,000 annual payments, the first payment occurring in exactly four years.

A) i= 5%

First, we need to determine the value of the perpetuity four years from now.

Perpetuity= 10,000/0.05= 200,000

Now, we can calculate the present value:

PV= 200,000/(1.05^4)= $164,540.50

B) i= 6%

Perpetuity= 10,000/0.06= $166,666.67

PV= $166,666.67/1.06^4= $132,015.61

C) She should consider her necessities of cash and the value of the products she can purchase now.

5 0

3 years ago

Armando Company produces and sells mattresses. It expects to sell 10,000 mattresses in the current year and had 1,000 mattresses

Nat2105 [25]

Answer:

Sales= $3,000,000

Explanation:

Giving the following information:

It expects to sell 10,000 mattresses in the current year and had 1,000 mattresses in finished goods inventory at the end of the previous year. Armando would like to complete operations in the current year with at least 1,250 completed mattresses in inventory. There is no ending work-in-process inventory. The mattresses sell for $300 each.

Production:

Sales= 10,000

Ending inventory= 1,250

Beginning inventory= (1,000)

Total= 10,250

Sales= 10,000*300= $3,000,000

5 0

4 years ago

Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of S25 per un

alukav5142 [94]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling price= $25 per unit.

Sales (in units):

January= 45,000

February= 55,000

March= 50,000

The cost of goods sold is $14 per unit.

The gross profit is calculated using the following formula:

Gross profit= selling price - cost of goods sold

January:

Sales= 45,000*25= 1,125,000

COGS= 45,000*14= (630,000)

Gross profit= 525,000

February:

Sales= 55,000*25= 1,375,000

COGS= 55,000*14= (770,000)

Gross profit= 605,000

March:

Sales= 50,000*25= 1,250,000

COGS= 50,000*14= (700,000)

Gross profit= 550,000

5 0

4 years ago

A manager hires an agent to obtain a license to build a warehouse in an industrial district. The agent gets caught offering a br

Rus_ich [418]

Answer: The correct answer is D:)

6 0

3 years ago

Cindy invests $3000 in a bond trust that pays 8% interest compounded semiannually. Her friend, Jimmy, invests $3000 in a certifi

Elanso [62]

Answer:

Cindy has more amount than Jimmy.

Explanation:

Amount invested by Cindy P = $3000

Annual rate of interest = 8%

As the amount is compounded semiannually

So rate of interest $=\frac{8}{2}=4%$ %

Time = 20 year

So time period n = 20×2 = 40

So amount own by Cindy $A=P(1+\frac{r}{100})^n$

$A=3000(1+\frac{4}{100})^{40}=14403.06$ $

Amount deposit by jimmy P = $3000

Annual rate of interest = 7.75 %

As the amount is compounded monthly

So rate of interest $r=\frac{7.75}{12}=0.322$ %

Time period = 20×12 = 240

So amount own by Jimmy $A=P(1+\frac{r}{100})^n$

$A=3000(1+\frac{0.322}{100})^{240}=6503.650$ $

From the calculation we can see that Cindy has more amount than Jimmy.

4 0

3 years ago