Answer:
$65,076,885.59
Explanation:
We use the Present value formula that is shown in the spreadsheet attachment
Given that,
Future value = $0
Rate of interest = 6.5%
NPER = 10 years
PMT = $85,000,000 ÷ 10 annual payments = $8,500,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $65,076,885.59
Answer:
d. upward by the amount of the tax
Explanation:
Tax is a compulsory levy impose on an individual or businesses by the government. Taxes are means of generating revenue for the government.
When taxes are imposed on the sellers of of a good, the supply curve shifts upward by the amount of the tax. It means that sellers of goods would factor in the tax imposed on them on the goods they are selling which will ultimately be borne by the final consumers.
When taxes are levied on sellers, an upward shift of the supply curve would set in because such levies increases the cost of production which are finally borne by the consumers or buyers.
Students and elderly individuals typically have more time, thus using the slower bus instead of a quicker, more expensive choice transportation method doesn't really cost them more.
<h3>Why business executives travel by own commute?</h3>
Some reasons that business executives prefer their own commute rather than travelling through bus are-
- Since the company provided employees with free parking places (the actual cost of which will be extremely expensive a year), employees were not responsible for the whole financial burden of car commuting, nor were they responsible for environmental costs from driving. If workers had to pay the entire price of their commute selections, the nudges we used might have had better results.
- While using public transportation or a carpool can be advantageous to society, they are frequently less convenient for one passenger. Because it takes time to set up carpools and public transportation, people may take longer to adopt more environmentally friendly commuting.
- These strategies called for altering a regular behavior, which is famously challenging to alter. Nudging is particularly helpful at modifying one-time behaviors, like being vaccinated against the flu, but it hasn't yet been demonstrated to be as consistently effective at altering choices that call for regular actions, like exercising.
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Answer:FALSE
Explanation: Accumulated depreciation is a negative account (contra-account) which Describes the total depreciation amount allotted to an asset since it is put into use. Accumulated depreciation is not added to the balance of the long lived asset in the balance sheet.
When an organization prepares it's balance sheet,it ensures that the depreciation schedule is recorded for all it's assets ensuring that both the cost of the equipment and it's depreciation is documented accordingly. Accumulated depreciation reduces the value of the assets in the balance sheet when added.
The following statements describe the economic concept of scarcity:
1. All useful resources are limited.
2.Resources are scarce which explain why we are willing to pay for them.
3. Because of scarcity, individuals must make choices.
In economics, scarcity is the study of how people attempt to satisfy their needs and wants by making choices. The principle of scarcity states that limited goods and services are available to meet unlimited wants.