Ask question

Ask question

All categories

2 years ago

7

You just won the lottery, which promises you $440,000 per year for the next 20 years. You receive the first payment today (hint:

annuity due). If your discount rate is 9.00%, what is the present value of your winnings?

1 answer:

Luda [366]2 years ago

4 0

Answer:

You sell the money for more

Explanation:

You might be interested in

Jack and Scotty begin negotiations where Scotty will give Jack hockey lessons for a certain amount of money per week. While they

nika2105 [10]

Answer:

The best option is a.

The court will award Scotty a reasonable amount for the lessons he already taught.

Explanation:

7 0

3 years ago

Scenario : The average total cost to produce 100 cookies is $0.25 per cookie. The marginal cost is constant at $0.10 for all

nika2105 [10]

Answer: D. $20

Explanation:

Total cost to produce 50 cookies = Total cost to produce 100 cookies - Marginal cost to produce 50 cookies

Total cost to produce 100 cookies is:

= Average total cost * number of cookies

= 0.25 * 100

= $25

Marginal cost to produce 50 cookies is:

= Constant marginal cost * number of cookies

= 0.10 * 5

= $5.00

Total cost to produce 50 cookies = 25 - 5

= $20.00

8 0

3 years ago

EBIT goes from $30M to $33M; Depreciation goes from $10M to $12M; and interest expense goes from $6 M to $8M.1. What is the perc

Alekssandra [29.7K]

Answer:None of the above= 10% and 33.33%

Explanation:

Coverage ratio EBIT/Interest expenses

Change in numerator =3/30*100

Change in denominator= 2/6*100

6 0

3 years ago

The ______ of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate va

goldenfox [79]

Answer: uniqueness

Explanation:

8 0

2 years ago

Season tickets for the Dingos are priced at $340 and include 17 home games. An equal amount of revenue is recognized after each

Vsevolod [243]

Answer:

Season tickets sold = $1,819,000 / $340

Season tickets sold = 5,350 tickets

Games played by the end of October = [$1,284,000 / ($1,819,000 / 17 games)]

Games played by the end of October = $1,284,000 / 107,000

Games played by the end of October = 12 games

Journal Entry to record initial sale of ticket

Accounts title Debit Credit

Cash $1,819,000

Unearned Ticket revenue $1,819,000

Journal Entry to record first home game revenue

Accounts title Debit Credit

Unearned Ticket revenue $107,000

Ticket revenue (earned) $107,000

6 0

3 years ago